The markets faded the gap down at the open today and traded sideways until the last hour which finally saw a strong break to the downside. There is a part of me that wants to get bullish on this market but the only problem is, with all the nice rallies [...]
If the market couldn’t get more sporadic on an intra-day basis, it did today. It was like a plastic bag blowing in the wind without direction and without reason. But once the dust settled, the market closed at its highs and with substantial gains. The problem is, that on a [...]
Brutal market today for the longs. It took off early in the morning with a significant gap down and never looked back, closing down over 8% on the day. This is going to send jitters throughout the world markets, and the question becomes, not so much if it goes down [...]
We’re not getting to excited about these four days of rallying that we have seen of late. A number of reasons: 1) Volume is incredibly light 2) It’s a holiday week which means a lot of your big money is eating turkey rather than giving out buy/sell orders 3) We’re [...]
Thanksgiving Holiday started off with bang by holding on to Friday’s enormous gains and then adding more to the tune of +6%. The most interesting part of the day however came at the very end, when the markets were up about 8% or so, and in the last 10 minutes, [...]
Just when you thought you couldn’t get enough of the Ultra ETF’s that are already out there, it looks like ProShares is coming out with new Ultra and Inverse Ultras for the Yen, Euro, Gold, Silver, and Oil. These will trade, depending on whether it is inverse or not, 200% [...]
Unbelievable what the market uses as reason to bounce. Lets face it, heading into the open the markets were up already over 2-3%, and even though it gave back all of those gains rather quickly at the open, news of President-Elect Obama’s pick for the Treasury gave the market with [...]
Over the past month we have gone long in two stocks: QID and QLD. Both of which are ProShares Ultras on the Nasdaq. QID is an UltraShort, and QID is an UltraLong. The benefit of these is, depending on the ETF you are trading in, you get a 2x for [...]
The thread that separated the market from a breakdown and a breakout finally snapped, as the indices broke out of its channel and started the next leg down. For the past two months the markets traded in a narrow channel, and finally, the bears were able to break what many [...]
The bulls continue to hold on by a thread – it’s quite impressive really, the amount of time being spent at these lows clearly favor the bears in terms of weakening the support levels, but bullish divergences occurring throughout the most common of indicators, makes an interesting argument that the [...]
Hedge Fund Redemptions continue to dictate market action, and continues to do so during the last 15 minutes of each market session – just as we saw today. Now the markets are setting up for a major show down much like we saw last week. The technicals working in the [...]
Huge day for the bulls today. You saw where on an intraday basis, the stop-losses started triggering all at once plunging the indicies over 3% each. But that was a good thing actually in that, it wiped out in one fell swoop, a lot of the weak hands, and left [...]
