Market Analysis

  Powder? What powder?  We're dealing with MONEY here! After taking some hits on my forced-overnight trades last week, I've been unable to find any decent long setups for swing trades.  While the whole market has been slowly rolling over from almost reaching the highs from February, I have taken my MONEY and stored it

Speaking to a number of different traders lately, I can tell that this market is beginning to irritate a large number of  you, as the consolidation from the past couple of weeks, means numerous head fakes in both directions, where opening gaps in either direction has little to do with where the market plans on

S&P futures are approaching some strong intraday support levels.  I’m looking to be a buyer between 1285-1300 today.  The move down from the April 6th high has been very weak with pretty deep retracements.  However, the skewing has been strong to the downside showing some confliction.  You do have a nice confluence of fib support

Some talk about the double-top that is forming in the S&P of late, and I thought I’d give you my thoughts. There is no doubt that the S&P is having trouble with breaking new highs. But for the Double-top to confirm, it needs to break 1249 – a good 60 points away still. But let’s

It's been hard to find good long setups since Friday, and a lot of the past couple days' activity felt like a mass headfake.  I went into 100% cash this morning and sat out the rest of the day. This past evening, I perused through about 200 of my closest charts, looking for easy-to-spot long setups.

It has been a long road for the  bears these days, and could get even longer based on what we are seeing with the NYSE Reversal Indicator. The tops on this chart signals quite decisively turns in the market, but those turns happen for only a short period of time these days as bad news

We had three significant reversals on the daily charts last week, which, frankly, makes trading much more difficult when holding positions over night and allows for undisciplined traders to get beat up pretty good on both sides of the trade. These are the times where you don’t want to be forcing your trades upon the

The Reversal Indicator below has been getting thrown around the past couple of weeks by the market’s crazy machinations. Simply put, there is a lot of uncertainty in this market, and it is being reflected as such in the indicator below after reversing mid-stream to the upside just before the reversal that we saw in

Some selling that has a lot of similarities in reason to the one we saw back on 1/28. So far the dip buyers have put some capital to work to keep the selling from getting out of hand, but some damage has been done to the intraday trendlines that were in play. However on the