Sign inRecent Commentaries tagged (dow)
AUDJPY Trading Plan
The US retail sales data was postponed until tomorrow, which means that we get that on top of consumer sentiment on the Friday of a rather sideways week of trading with a bias toward the upside. Last week’s unemployment number was not as bad as the market made it seem, in fact they were actually...
Whipsaw Day Closes At Opening Prices
A 229-point range for the day and stocks closed right where they opened. Great for the active trader...NOT! Most traders spun around in a circle expecting follow-through after the morning gap held, then going for the short, then getting squeezed...it was fun! The large morning gap up ultimately...
Primed for Risk
Last Friday confirmed the beginning of a down trend in unemployment in the USA, and while the employment change was still negative, the trend was improving as well. This is important in that, from an historical perspective unemployment is highest at the end of a recession. So why the lack of...
VIX Draws Large Bearish Put Play
Today’s tickers: VIX, MS, BAC, UNG, SU, RL, GIGM, FCX, CVS, SPF & DOW VIX – CBOE Volatility Index – A massive bearish put position initiated on the VIX today is a bullish sign for the S&P 500 index. The VIX fell more than 6% during the current session to stand at 21.21 as the past two day’s...
S&P 500, NASDAQ break price, volume trend lines
January 26, 2010: The S&P 500 and NASDAQ 100 have broken their long term price and volume trends that began back in March 2009. Dow broke its price trend but not the volume trend. We will look at the exchange traded funds (ETFs) of three indicies which are SPY (for S&P 500), QQQQ (for NASDAQ...
Global Chart Reveiw Shows Key Inflection Point
Chart Review by Michael Clark “By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” – John Maynard Keynes SO, IS THIS FINALLY THE ‘REAL’ CORRECTION? What a week it was. The Bears gave the Bulls some...
Which Way Wednesday - Beige Book Boogie
The futures were boogying "all night long." THIS is why we love being born-again bulls. China’s Hang Seng down 578 points on the Hangs Seng (2.5%) - It doesn’t matter! Shanghai down 3.1% - It doesn’t matter! Europe down half a point - It doesn’t matter! Germany’s economy contracted 5% in...
S & P - The Never-Ending Story Continues. The Market Is What It Is, And That Does Not require What The Definition Of Is Is.
Saturday 9 January 2010 The markets had a strong close into new highs on Friday, and this may help clarify the picture somewhat. One of two things can happen: Price can escalate into a buying climax, or, this can be the start of yet a new leg to the upside. We have not been advocates of...
S & P - The Never-Ending Story Continues. The Market Is What It Is, And That Does Not require What The Definition Of Is Is.
Saturday 9 January 2010 The markets had a strong close into new highs on Friday, and this may help clarify the picture somewhat. One of two things can happen: Price can escalate into a buying climax, or, this can be the start of yet a new leg to the upside. We have not been advocates of...
2009 in Review, 2010 Forecast: Equilibrium and Dilemma
By: Fernando Gonzalez, EvolutionTrading.net January 3, 2010 It’s that time of year to make grand assessments. In order to understand where the Equity Markets are at now, and discuss the possibilities of the future, let’s take a look back a little bit, before looking ahead: 2009 ended-up as the...
Daily Stock Market Update
Stock Market: seasonal rally resumed. Technology Stock Sector Relative Strength Ratio (XLK/SPY) moved above its highs of the previous 7-years on 12/30/09. XLK/SPY remains above its 50- and 200-day simple moving averages, which are rising bullishly. Absolute price of XLK moved above its highs of...
The Last Charts of the Decade!
OK, I got a new toy today so I’m going to put up some charts! Rather than my usual spreadsheets, I thought a visual representation of what I think is going on would be appropriate. So far this week, we have failed to break my levels, which were predicted by our own 5% rule way back in July. I...
Daily Stock Market Update
Stock Market: a hesitation day within a seasonal rally. Technology Stock Sector Relative Strength Ratio (XLK/SPY) moved above its highs of the previous 7-years on 12/29/09. XLK/SPY remains above its 50- and 200-day simple moving averages, which are rising bullishly. Absolute price of XLK moved...
Daily Stock Market Update
Stock Market: seasonal rally continues. Technology Stock Sector Relative Strength Ratio (XLK/SPY) broke out above 7-years highs on 12/28/09. XLK/SPY remains above its 50- and 200-day simple moving averages, which are rising bullishly. Absolute price of XLK moved above its highs of the previous...
Daily Stock Market Update
Stock Market: Primary Tide Bull Market Confirmed. The Dow Theory confirmed a Primary Tide Bull Market on 12/24/09 when both the Dow-Jones Industrial Average and the Dow-Jones Transportation Average closed above previous 14-month closing price highs. Independently from the Dow Theory, the...
