Recent EdgeTraderPlus's Commentaries
S & P - A Step Behind Is Better. A Step...
Tuesday Evening 27 July 2010 In our previous article, we said S & P - When There Is No Clarity, Simply Wait, [click on http://bit.ly/chb7rB]. Tuesday's activity may not have brought the picture into a clearer focus. Price was higher, the low was higher, and the close was higher, barely. The r...
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Tags: snp | spy | qqqq | dow
S & P - When There Is No Clarity, Simply...
Sunday 25 July 2010 The most important piece of information one can have is knowledge of the trend. While that statement can be viewed as Technical Analysis 101, it is equally true forthe most advanced of trading, and that is because the trend is a principle that applies all the time in all time...
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Tags: snp | spy | qqqq | dow
S & P - A Trading Range - Nemesis For A...
Thursday Evening 22 July 2010 The short position we so strongly "argued" for turned into a loss, [See S & P - Weakness Keeps Showing Up, Click on http://bit.ly/cH4aq4], and we were at a loss as to how we missed seeing such a strong reversal potential. The answer most always lies in how one is...
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Tags: snp | spy | qqqq | dow
S & P - Weakness Keeps Showing Up. It...
Wednesday Evening 21 July 2010 An editorial comment, first. Our way of looking at the market, reading development of price and volume activity, is technical analysis at its purest. We cannot know the level of understanding of readers who take the time to read these articles, but the numbers a...
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Tags: snp | spy | qqqq-dow
S & P - Always Expect The Unexpected....
Tuesday Evening 20 July 2010 Yesterday's article is a bit amusing for saying that the market looked weak, then adding the qualifier: for the near term. [See S & P - Market Still Looks Weak, Near Term, click on http://bit.ly/9Sgnwn]. Just the day before was a long term perspective saying the ma...
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Tags: snp | spy | qqqq | dow
S & P - Market Still Looks Weak, Near...
Monday Evening 19 July 2010 One of the primary ways to identify a trend is by observing a series of lower highs and lower lows, in a down trend. That is very evident in the daily chart. Price stalled at the 1100 level and produced a cluster of closes. This can mean one of two things. It can...
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Tags: snp | spy | qqqq | dow
S & P - A Longer Term Outlook For The...
Sunday 18 July 2010 Not many look at charts beyond intra day and daily when assessing the markets. We are presenting the Quarterly and monthly charts, rarely viewed by most, because they portray the overall conditions of the market, sans the daily/intra day "noise" that keeps people focused on ...
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Tags: snp | spy | qqqq | dow
S & P - The Jury Is Still Out On This...
Thursday Evening 15 July 2010 It is really difficult to properly analyze a market that continually receives Fed support during options expiration week when the Fed pumps money into the system, an indirect support of the stock market. This is a fact that goes back to 16 July 2009 and every optio...
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Tags: snp | qqqq | spy | dow
A Great Example Of How To Read Developing...
Wednesday Evening 14 July 2010 We saw an opportunity to take a long position in the Euro, based on a strong volume rally followed by a retest decline on less volume. The retest onless volume indicates there is no selling pressure, and that is a positive sign for a potential rally to follow. Y...
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Tags: snp | spy | qqqq | dow | forex
S & P - Caveat Emptor. Let The Market...
Sunday 11 July 2010 The past two day's high end of rally look tenuous. Two things jump out on the daily chart. One: the last two bars kept getting smaller. What does that mean? Both a lack of sellers and a lack of buyers, but because the closes are upper end of each bar, the buyers remain in...
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Tags: snp | spy | qqqq | dow
S & P - Caveat Emptor. Let The Market...
Sunday 11 July 2010 The past two day's high end of rally look tenuous. Two things jump out on the daily chart. One: the last two bars kept getting smaller. What does that mean? Both a lack of sellers and a lack of buyers, but because the closes are upper end of each bar, the buyers remain i...
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Tags: snp | s
S & P - First Target Reached. Caution...
Thursday Evening 8 July 2010 A long position was taken at 1034 on the intra day upside break out on Wednesday. Half the position was liquidated at 1054 near the last half hour of trade on the same day. Our initial target was 1067, [See S & P - Targets, click on http://bit/ly/bk6bu2.] The hig...
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Tags: snp | qqqq | spy | dow
S & P - Targets. Watch Developing...
Thursday 8 July 2010 The 60 minute chart shows our entry from yesterday and where half the position was liquidated. The upside targets have been identified, as well. The next upside resistance is the 1067 area. You can see that is was previous support from late June, and it is also a 50% ret...
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Tags: snp | spy | qqqq | dow
S & P - Good News: A Rally! Now, How Far?
Wednesday Evening 7 July 2010 Confirmation as to direction was resolved shortly after Wednesday's opening. Focus was placed on a 10 minute and a 60 minute chart, and we used both to get long at 1034 after it was clear that the channel down was broken when price closed intra day at 1031. The e...
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Tags: snp | qqqq | spy | dow
S & P - Good News And Bad News. Neither...
Tuesday Evening 6 July 2010 Let us start with the good news. The new low was the smallest decline from a previous sell-off, just by about 4 points, if the 1002 low holds. We know from this that the market pressure is lessening. If it were not, the new low would be greater than it was. Tuesd...
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Tags: snp | spy | qqqq | dow
