Weekly $SPX Chart Says Let the Children Play, September 24th, 2011
Let the shortz pile on and then get squeezed. Let the longz pile on and then get shaken out. This is a market strewn with the carcasses of bullz and bearz where day traderz can make a killing. My...
View ArticlePause Day For Tomorrow, October 6th, 2011
The markets have gone from extremely oversold to overbought in just three sessions. Based on high readings in $NYADV, $NYAD, and the fact that today we saw a 95% up day, I expect a pause tomorrow. A...
View ArticleWeekend Update, October 23rd, 2011
We are looking at a split market with several sectors, like $COMPQ, $NDX, $TRAN, RTH, and a few others doing quite well, but with other key sectors lagging and/or not participating. Several of the...
View ArticleWeekend Update, February 11th, 2012
The decline Friday in $SPX, $INDU, & $NDX appears to be little more than a scratch. But several key sectors and indexes took a pretty serious hit. IWM was down 1.37% Friday and 2.03% for the week....
View ArticleQuick Weekend Update, April 21st, 2012
I have no idea what’s going to happen next week. AAPL reports after the bell Tuesday and that could set the tone for the rest of the week. As usual, earnings are “Better than expected,” but of course...
View Article10:50 A.M. Note, May 30th, 2012
$SPX -17.54 $INDU -151 $COMPQ -40.15 If markets were to close right now, then breadth indicators would give “Extremely Oversold” signals and then you would expect some kind of bounce starting sometime...
View ArticleBrief P.M. Update, July 25th, 2012
Below is the chart I’m watching now. Today we have an indecision doji with perhaps a bottoming tail.I’ve redrawn the lower trend line, cloned it, and placed it along a couple of tops to create a...
View ArticlePre-Market Update August 29th, 2012
(Edit: 4:30pm, August 29th. If you’re wondering what’s going on with IWM, it’s probably the small banks, many of which are in KRE. KRE was up 1% today and so IWM was up nicely and has been...
View ArticleUpdate October 11th, 2010
Got that bounce in most sectors but obviously the bounce was sold into. Interesting that breadth indicators were very positive today despite the big reversals in just about everything. AMD, being a...
View ArticleBrief Note October 31st, 2012
$NYA, $TRAN, $RUT, and financials up today while $SPX $INDU, & $SOX essentially flat. AAPL & QQQ’s remain a problem. I am still looking for some kind of bounce out of current levels so that...
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