• NYSE Reversal Indicator

    Here’s the Updated NYSE Reversal Indicator, which is interesting, because in mid-stream we’ve seen a full-out reversal back to the upside, which rarely ever happens. So at this point we are headed for another top-down signal once it hits the upper extremes. Last time this happened we actually did get some selling for a couple

    By |Published On: February 19, 2011|2 min read|

  • SPX at a Glance

    I’ve got to hand it to these bulls, it is probably going to take a major event in these markets, to get them to not see every one point move down in the S&P as some glorified buying opportunity. Right now the S&P is down a rare 5 points at the time of this post,

    By |Published On: February 15, 2011|1 min read|

  • NYSE Reversal Indicator

    With two consecutive weeks of price rallying in the broader markets, the NYSE Indicator is showing a reversal in mid-stream, which does not occur all that often. In a little more than two years, we’ve seen four attempts by the market to reverse the course. Of those four times, three of them were traps that

    By |Published On: February 13, 2011|2 min read|

  • S&P Intraday Snapshot

    No surprise, the S&P and Nasdaq were down hard overnight, yet the market finds it in its power to snap right back at the open. At this point, we’ve seen it occur 1.2 million times since the March ’09 lows. Yet those of us who are bears, see the pattern, yet we don’t respond to it

    By |Published On: February 11, 2011|1 min read|

  • S&P Intraday Chart Analysis

     

    By |Published On: February 9, 2011|1 min read|

  • NYSE Reversal Indicator

    After watching the bulls scramble for the exists last Friday, to see the kind of rebound the following week is incredibly disheartening for the bears. Nonetheless, the pieces remain in place, for this market to head lower, and the NYSE Reversal Indicator supports as much too. Should the market finish higher  yet again next week,

    By |Published On: February 5, 2011|2 min read|

  • S&P Weekly At A Glance

    This is worth taking a look at, to see a visual of the S&P on the weekly chart, and show just how similar in scale, slope, and pattern the market action of this rally off of the September lows is to the rally we saw from January through August of last year. Even more so,

    By |Published On: February 4, 2011|1 min read|

  • NYSE Reversal Indicator

    Once again, the NYSE Reversal Indicator gave us an excellent alert to the potential problems this market was heading towards. I’ll be the first to admit, that I didn’t play my hand as well as I should have in light of this information; essentially getting taken out of my positions by the Tuesday-Thursday rally, before

    By |Published On: January 31, 2011|2 min read|

  • Quick Snapshot of the S&P

    We’ve tested the 1300 on the S&P, and so far, it has been met with some rejection. In fact if you look at the S&P ETF (SPY) the high of the day is 129.99, which coincides nicely with the S&P index highs of 1299.44. The FOMC Statement that comes out at 2:15pm EST makes

    By |Published On: January 26, 2011|1 min read|

  • NYSE Reversal Indicator

    One of the best signals I can think of, pertaining on when you should start shorting the market, was given to us yesterday. The crossover in the graph below is a good indicator for further downside in the days and weeks ahead.  For those of you who are not familiar with this chart, here’s quick

    By |Published On: January 22, 2011|2 min read|