• S&P Snapshot Shows Resistance Overhead

     

    By |Published On: January 21, 2011|1 min read|

  • Looking At the S&P’s Direction

    The S&P is weak for the first time in quite a while, and while we shouldn’t rule out the eternally optimistic dip-buyers from trying to rally the troops and move the market higher this afternoon, there is definitely an atmosphere of trading today that suggests that we may see additional selling in the near-term beyond

    By |Published On: January 19, 2011|1 min read|

  • NYSE Reversal Indicator

    It may be as early as next week that we see this indicator show a reversal on the horizon. If that’s the case, then I would begin scaling back on your long positions, and perhaps even begin looking for short opportunities…though be very selective at doing that, and don’t rush into things too quickly. The

    By |Published On: January 9, 2011|2 min read|

  • S&P Numbers to Watch

    I’ve provided you a chart below showing how the S&P is essentially range bound, and that I would use a break below 1263 and a high of 1278 for determining the short-term sentiment of this market.  Here’s the S&P Intra-Day Chart.   

    By |Published On: January 7, 2011|0 min read|

  • S&P Trying To Breakout

    We’ve been range bound since Monday, stuck between the gap-up lows and the highs from that very same day. Since then, price has been contained within these barriers. But heading into afternoon trading, we are finally seeing some signs of life from this market, recovering off of sessions lows, when it looked like the bulls

    By |Published On: January 5, 2011|0 min read|

  • NYSE Reversal Indicator

    Despite two weeks now of market  action that seems to barely have a heart beat, it is still holding gains at the highs, and setting up nicely for perhaps another big rally to start the month, much like we saw back on 12/1. Purely speculation at this point, but the charts have managed to work

    By |Published On: December 31, 2010|2 min read|

  • S&P Breaking Out of Down Channel

     

    By |Published On: December 27, 2010|0 min read|

  • NYSE Reversal Indicator

    This is, in my opinion, one of the best ways to gauge the health of the markets, and whether it is setup for a run higher, or whether there is weakness on the horizon. As it stands right now, the market is prime to continue its march upwards, which means that we’re likely to see

    By |Published On: December 26, 2010|2 min read|

  • A Quick Check Up On The S&P

    I’ve provided below a quick snapshot of the hourly chart of the S&P for the month of December, and as you can see, we are trading in a very nice channel, and of late, we are magnetized to that bottom trendline. This isn’t overly concerning to me, due to the lack of major, large-scale rallies,

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

  • NYSE Reversal Indicator

    NYSE Reversal Indicator finally gave us that long awaited “cross”. For now, at least in the short-term, the environment for trading long in this market should be pretty good, and no real reason to load on a lot of short positions at this point. For those of you who are not familiar with this chart,

    By |Published On: December 18, 2010|2 min read|