Chart of the Day from Hamzei Analytics

TradingPub Admin | September 27, 2012

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Special thanks to guest commentator, Fari Hamzei and his team at Hamzei Analytics for the Chart of the Day:

Hamzei Analytics noted that their Daily Timing Model went to a sell yesterday on the close.  In the event that there is a tight range today followed by a sell-off late Friday (following Chicago PMI and Consumer Sentiment) that will further support their model.  You can enlarge the chart by clicking the image below:

Another interesting chart is that the DJ TRAN put in an outside monthly bar reversal.  This is something that does not happen often but it typically very bearish for the forward economy.  The Outside monthly bar reversal in the DJ TRAN has occurred 11 times since 1998 -- 7 of which led to lower closes the following month:

You can access a two week trial of Hamzei Analtyics and their Futures Trading Service by clicking the link below:

Two Week Trial to HFT Futures


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