The Le Report focuses on daily stock market analysis. Using unique technique such as Point and Figure charts and Ichimoku-cloud charts.
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http://twitter.com/thelere
TheLeReport Watching the key overhead bearish resistance line on Uncle Russ
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As you can see, the Russell 2000rallied into the overhead bearish resistance line on the 60-minute Ichimoku cloud chart. We saw a significant selloff the last time Uncle Russ touched the bearish resistance line. So it's worth paying close attention as we once again testing this line.
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These short-term Point & Figure price target has an uncanny job of delivering. Multiple upside targets have either been achieved or exceeded since the February short term low. The only downside target $1,183 activated yesterday was precisely achieved. ...
TheLeReport Good afternoon. Today's chart is up.
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This is a daily Ichimoku cloud chart for FXI. As you can see, FXIhas been trading below the cloud since late last year - indicating the trend is bearish. The past two days have seen this index broke through ...
TheLeReport
Taking a longer term view of the S&P 500 with monthly Ichimoku cloud chart.
http://thelereport.com/2010/03/taking-lo
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As you can see from this long term chart, the market is in bearish territory with both price and lagging (blue line) line below the cloud. The downtrend remains intact as long it's trading below the cloud. ...
TheLeReport Energy and Gold stocks playing catch up. Financials are taking a breather.
TheLeReport
Good afternoon. My Chart Of The Day is up.
http://thelereport.com/2010/03/freeport-
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I've shown you this chart before using daily data. Today I'll take a short-term view of this stock using 60 minute data. As you can see on FCX .50x3 Point and Figure chart above, it's breaking out and showing a double-top buy signal. ...
TheLeReport My Weekly Chart is up.
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My outlook for this week has not changed: the market is quited extended and due for a serious pullback. Short trading week combined with the Payroll Report should make it a volatility week.
bit.ly
Once again the S&P 500 closed higher in the upper range of the week - a positive for the bulls. As you see on the weekly S&P 500 ichimoku chart above, the long-term trend is very positive for the market. ...
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TheLeReport Very disappointed with Godaddy hosting speed. I'm transferring it to a much faster hosting server. Please be patient and come back to check my site on Monday.
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As you can see, the strong rally of the past several weeks pushed the S&P 500 back above the cloud. Since the price is now above the cloud, we're looking at the cloud as a support instead of resistance. I"m looking at 1,100 as the next support in the S&P 500 based on ichimoku cloud chart.
TheLeReport Bullish Percent Index Saying The Party's Over http://bit.ly/dBCI9M
bit.ly
Traders were positioned for a strong reactions to FOMC decisions and that's exactly what they got. Indeed, the upside momentum which started a few weeks earlier has been remarkable. And to say anything negative about this market has made anyone, including me, looks foolish.
TheLeReport Chart of The Day - Freeport McMoran (FCX) is on at my site.
thelereport.com
The market was once again quickly to erase any intraday losses, with the S&P 500 managing to close at yet another new high.
TheLeReport Lack of Correction is a Mystery http://bit.ly/ahTIpc
bit.ly
Every healthy bull market once in a while needs a healthy pullback to shake out some weak hands before rallying to higher highs. The latest rally is anything we've seen in the past several years. Even ...
