Market Analysis

Here’s the T2108 for this week, looking back at about a year’s worth of action. Between 40 and 60 tends to be where the action happens – sudden change of directions, where downtrends suddenly reverse upwards and vice-versa. We are just above the 40 mark, and with quarter-end quickly approaching, anything is bound to happen.

I’ve got for you the updated chart of the NYSE Reversal Indicator (the name I have aptly given it). As you can see we have made some nice progress coming off of those oversold conditions and is quickly making its way back up top. The NYSE Reversal Indicator uses the advance/decline ratio with a stochastics

One of my most popular charts that I publish is this Worden T2108 indicator that I try to put out once a week. Its purpose is to measure the percentage of stocks trading above their 40-day moving average. There is a little more to it that Worden doesn’t disclose, but nonetheless, it is a valuable

Here is the weekly update on the NYSE Reversal Indicator using the advance/decline ratio with a stochastics overlay. The bottom half of the chart is the weekly candles of the S&P. The chart itself goes back almost three years. Some folks have criticized me for posting this chart recently saying that it isn’t 100% accurate

This doesn’t happen all that much, but when you have three straight days of doji candles on the S&P, it typically signifies a reversal in sentiment. Not always – but most of the time. Outside of the two new short positions I established this morning, I didn’t short anything else. I’m about 30% vested right

I’ve been pretty light in the trading portfolio these past couple of days. I still have a long position in gold (GLD), and I am day trading the SPDRs S&P (SPY) with descent success. My biggest problem scalping is that I try to get a little too ‘frisky’ with my trades and end

One of my most popular charts that I publish is this Worden T2108 indicator that I try to publish about once a week. Its purpose is to measure the percentage of stocks trading above their 40-day moving average. There is a little more to it that Worden doesn’t disclose, but nonetheless, is a valuable tool

It’s been a couple of weeks since I last posted the NYSE Reversal indicator. But from a bullish persepective, the market is indicating that a rally could be in the cards over the next few weeks, and to be completely honest, it is somewhat hard to argue with the notion considering the rally mode the

The bulls had everything going for them today, and what did they do? They blew it! My portfolio was seeing red all over the place, and instead, I managed to break even on the (would have much rather preferred to have finish in the green – my portfolio didn’t do overly well today in comparison

Well the bulls finally pulled off a rally and stuck to it through the entire day. Despite a bad jobs and GDP number, there wasn’t anything that was going to stop them from finishing in positive territory today. It’ll be interesting to see if they can keep building on this rally. If so, I may