• NYSE Reversal Indicator

    This past week, the market managed to slowly melt upwards, and in doing so broke through the critical 1227 support level and closing the week at 1240. Going forward, the market should be able to find its way into the 1260’s, and the Reversal Indicator below coincides nicely with the break above critical support, allowing

    By |Published On: December 11, 2010|2 min read|

  • S&P At A Glance

     

    By |Published On: December 7, 2010|1 min read|

  • NYSE Reversal Indicator

    Last week’s rally was impressive, and it nearly instantly changed the mood on Wall Street from capital protection, to capital expansion. Now the bulls have control of the market, and while there may be some profit taking in the days ahead, the bulls clearly have the advantage and will look to continue pushing this market

    By |Published On: December 4, 2010|2 min read|

  • S&P Should See A Pullback In the Days Ahead

    S&P has been on a tear of late and will likely see the gains continue to pile on going forward. However, the market is over extended in the very near-term, and stocks simply do not go up over time the way that they have over the past two days. With that said, I think that

    By |Published On: December 3, 2010|1 min read|

  • S&P Breaking Out And Above 1200

    The S&P finally managed to break above 1200, but hasn’t gone much higher since then. The key becomes whether it can actually close above it, because an intraday break does little to convince me that this market has broken out of its resistance. However, a close above it is a very decisive tip-of-the-hand by Mr.

    By |Published On: December 1, 2010|0 min read|

  • S&P Is Forming A Descending Triangle

     

    By |Published On: November 30, 2010|1 min read|

  • NYSE Reversal Indicator

    The bulls can hold out for some hope here, as the NYSE Reversal Indicator is finally showing some signs of possibly bottoming in the next week or two. The last time it bottomed (though it was premature), was back in early September, where we went on a huge multi-month rally, with little in the way

    By |Published On: November 29, 2010|2 min read|

  • S&P And Its Underlying Problems

    S&P continues to struggle, at the 1200 mark, and this battle is really starting to show the sudden weakness in this market after rallying for two months straight. I’d also like to point out the steep sell-offs after each rally to the 1200 mark, further signaling the underlying weakness in the S&P. And then to

    By |Published On: November 22, 2010|1 min read|

  • NYSE Reversal Indicator

    So the NYSE reversal signal was legit, as we have seen from the past week. The problem is trusting it, when it gives that signal, because so many times, the market is trending heavily in our favor, and the last thing any of us want to do is cash in our chips when it seems

    By |Published On: November 13, 2010|2 min read|

  • Fibonacci Retracement On The S&P

    S&P is hitting a major Fibonacci retracement level right now at the 61.8% mark. I spoke briefly about it in my Daily Trading Plan from this morning, but I thought it deserved a second look. This is the second time we have tested this mark, the first time being back in April prior to the

    By |Published On: November 9, 2010|1 min read|