Financial Sector (XLF)

Technical Outlook: SPX  had its first 3-day pullback since September and the first of this rally.  Unlike previous sell-offs the 10-day moving average did break intraday. But like the October rally has done, it managed to close above it by the end of day.  Volume saw a noticeable uptick on Friday, due mainly to

$SPY gaping up again, but what no one is looking is the strength of the $FXY which represents strength in the Yen vs Dollar. Also the weakness in the financials as one can see in the $XLF. In the case of the $FXY, I am interpreting the formation of a head as I strongly believe an invert

So come Monday and we are in full sequestration mode. Maybe the reason the market is looking for a serious and who knows long pullback. I have not talked for a while about these other 2 indicators I have been using. The $FXY and the $XLF. The $FXY have been trying to stay above the

    Looks like the markets skipped pre-Christmas appetizers and headed straight for the pudding today.After today's big rally, the YM, ES, NQ & TF may be headed towards their upper Bollinger Bands on the Daily chartgrid below. I seem to recall that Goldman Sachs' 2011 year-end target for the ES is 1250...(and that their

  Below is a Daily chartgrid of the YM, ES, NQ & TF. Relatively-speaking, the Dow is holding up better than the other 3 as it closed on its 50 sma (red) and mid-Bollinger Band today, while the others closed below. In keeping with my “mean” theme from yesterday’s post, the YM returned to its

Quick look at the intraday action and the resistance level that I am ‘eye-ballin’ across the board in XLF and major indices. I’ve bought some TNA this morning, which I may come to later regret – but as you can see from the resistance we are trying to push through below, I think there

I'm 95% cash for the weekend, and expect to get short on Tuesday.  This is assuming, of course, that hurricane Katia (I pronounce it kuh-TEE-uh) doesn't wash over Central Florida and knock out my power.  It was almost funny to hear the Northerners complain about losing power for a few days in the summertime.  They

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), ENZN (10.15), TICC (8.42) Current Short Positions (stop-losses in parentheses): SPY (113.30), DGX (50.09) BIAS: 37% Short Economic Reports Due Out (Times are EST): Empire State Manufacturing Survey (8:30am), Treasury International Capital (9am), Housing Market Index (10am) My Observations and What to Expect:

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), ENZN (10.15), QQQQ (44.79), TICC (8.42) Current Short Positions (stop-losses in parentheses): SPY (Hedge) BIAS: 6% Short Economic Reports Due Out (Times are EST): Consumer Price Index (8:30am), Retail Sales (8:30am), Consumer Sentiment (9:55am), Business Inventories (10am) My Observations and What to Expect: Futures

Current Long Positions (stop-losses in parentheses): XLF (14.02), V (68.99), ENZN (10.15), QQQQ (44.79), CSR (5.24), TICC (8.42) Current Short Positions (stop-losses in parentheses): SPY (Hedge) BIAS: 3% Long Economic Reports Due Out (Times are EST): Jobless Claims (8:30am), Import and Export Prices (8:30am), EIA Natural Gas Report (10:30am) My Observations and What