Kara Crawford at kara@traderplanet.comadmin@traderplanet.comhttp://www.traderplanet.com/TraderPlanet.com offers its popular content for commercial syndication via RSS. The feeds include backlinks for the full articles and automatically assign author attribution, which is required. To syndicate these RSS feeds on a commercial Web site, TraderPlanet.com, LLC requires the execution of standard linking agreement. Contact Kara Crawford at kara@traderplanet.com for further details.en-ushttp://www.traderplanet.com/commentaries/view/56369-s_amp_p_a_step_behind_is_better_a_step_ahead_can_be_costlyhttp://www.traderplanet.com/commentaries/view/56369-s_amp_p_a_step_behind_is_better_a_step_ahead_can_be_costly<p>Tuesday Evening  27 July 2010</p> <p> In our previous article, we said S &amp; P - When There Is No Clarity, Simply Wait, <br />[click on http://bit.ly/chb7rB]. Tuesday's activity may not have brought the picture<br /> into a clearer focus.  Price was higher, the low was higher, and the close was <br />higher, barely.  The range was smaller and volume was not all that great.</p> <p> A few observations worth noting are how the bars at the high of this rally are <br />smaller in range, and that indicates a lack of demand, [a lack of su...</p><a href='http://www.traderplanet.com/commentaries/view/56369-s_amp_p_a_step_behind_is_better_a_step_ahead_can_be_costly'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Michael NoonanMichael NoonanWed, 28 Jul 2010 05:20:00 +0000http://www.traderplanet.com/commentaries/view/56169-s_amp_p_when_there_is_no_clarity_simply_wait_it_will_appearhttp://www.traderplanet.com/commentaries/view/56169-s_amp_p_when_there_is_no_clarity_simply_wait_it_will_appear<p>Sunday 25 July 2010</p> <p> The most important piece of information one can have is knowledge of the trend. <br />While that statement can be viewed as Technical Analysis 101, it is equally true for<br />the most advanced of trading, and that is because the trend is a principle that <br />applies all the time in all time frames.  Forgetting this seemingly simple bit of <br />information can be costly.</p> <p> In the last article, mention was made that a trading range is a nemesis for trend <br />trading. [See S &amp; P - A Trading Range - ...</p><a href='http://www.traderplanet.com/commentaries/view/56169-s_amp_p_when_there_is_no_clarity_simply_wait_it_will_appear'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Michael NoonanMichael NoonanSun, 25 Jul 2010 22:42:45 +0000http://www.traderplanet.com/commentaries/view/55921-s_amp_p_a_trading_range_nemesis_for_a_trend_trader_it_requires_a_different_mind_sethttp://www.traderplanet.com/commentaries/view/55921-s_amp_p_a_trading_range_nemesis_for_a_trend_trader_it_requires_a_different_mind_set<p>Thursday Evening   22 July 2010</p> <p> The short position we so strongly "argued" for turned into a loss, [See S &amp; P - <br />Weakness Keeps Showing Up, Click on http://bit.ly/cH4aq4], and we were at a <br />loss as to how we missed seeing such a strong reversal potential.  The answer <br />most always lies in how one is viewing a market.  For us, the trend has been <br />down, and it is.  However, for the immediate time, it is really in a trading range, <br />with another trading range within it.  The chart shows this, below.</p> <p> ...</p><a href='http://www.traderplanet.com/commentaries/view/55921-s_amp_p_a_trading_range_nemesis_for_a_trend_trader_it_requires_a_different_mind_set'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Michael NoonanMichael NoonanFri, 23 Jul 2010 04:07:56 +0000http://www.traderplanet.com/commentaries/view/55757-s_amp_p_weakness_keeps_showing_up_it_will_drive_the_market_downhttp://www.traderplanet.com/commentaries/view/55757-s_amp_p_weakness_keeps_showing_up_it_will_drive_the_market_down<p>Wednesday Evening  21 July 2010</p> <p> An editorial comment, first.  Our way of looking at the market, reading <br />development of price and volume activity, is technical analysis at its purest.  <br />We cannot know the level of understanding of readers who take the time to <br />read these articles, but the numbers are increasing.  Regardless of the level <br />of one's technical background, it is worth taking the time to understand the <br />points we make, for they are all based on what the market is communicating.  <br />When y...</p><a href='http://www.traderplanet.com/commentaries/view/55757-s_amp_p_weakness_keeps_showing_up_it_will_drive_the_market_down'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> Michael NoonanMichael NoonanThu, 22 Jul 2010 03:40:35 +0000http://www.traderplanet.com/commentaries/view/55594-s_amp_p_always_expect_the_unexpected_anything_can_happen_and_often_doeshttp://www.traderplanet.com/commentaries/view/55594-s_amp_p_always_expect_the_unexpected_anything_can_happen_and_often_does<p>Tuesday Evening  20 July 2010</p> <p> Yesterday's article is a bit amusing for saying that the market looked weak, then <br />adding the qualifier: for the near term. [See S &amp; P - Market Still Looks Weak, Near <br />Term, click on http://bit.ly/9Sgnwn].  Just the day before was a long term <br />perspective saying the market would eventually retest the 750 lows, [See S &amp; P - <br />A Longer Term Outlook For The Market - Bleak, click on http://bit.ly/c2XM9v].  <br />We also added that for as bleak as that outlook was, it would tak...</p><a href='http://www.traderplanet.com/commentaries/view/55594-s_amp_p_always_expect_the_unexpected_anything_can_happen_and_often_does'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> Michael NoonanMichael NoonanWed, 21 Jul 2010 04:03:42 +0000http://www.traderplanet.com/commentaries/view/55439-s_amp_p_market_still_looks_weak_near_term_trend_remains_downhttp://www.traderplanet.com/commentaries/view/55439-s_amp_p_market_still_looks_weak_near_term_trend_remains_down<p>Monday Evening  19 July 2010</p> <p> One of the primary ways to identify a trend is by observing a series of lower highs <br />and lower lows, in a down trend.  That is very evident in the daily chart.  Price <br />stalled at the 1100 level and produced a cluster of closes.  This can mean one of <br />two things.  It can be a sign of reversal, or it can be a temporary stopping point <br />leading to continuation of the previous move.  Friday brought the answer as <br />developing market activity confirmed the overall weakness an...</p><a href='http://www.traderplanet.com/commentaries/view/55439-s_amp_p_market_still_looks_weak_near_term_trend_remains_down'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> Michael NoonanMichael NoonanTue, 20 Jul 2010 01:54:11 +0000http://www.traderplanet.com/commentaries/view/55361-s_amp_p_a_longer_term_outlook_for_the_market_bleak_there_may_be_an_intervening_trading_range_efforthttp://www.traderplanet.com/commentaries/view/55361-s_amp_p_a_longer_term_outlook_for_the_market_bleak_there_may_be_an_intervening_trading_range_effort<p>Sunday  18 July 2010</p> <p> Not many look at charts beyond intra day and daily when assessing the markets. <br />We are presenting the Quarterly and monthly charts, rarely viewed by most, <br />because they portray the overall conditions of the market, sans the daily/intra day <br />"noise" that keeps people focused on the proverbial trees.  This is our<br />"forest-like" point of view.</p> <p> The bull market ended in the first Qtr of 2000.  What followed was a normal <br />correction in 2002, and then a retest of the market high.  W...</p><a href='http://www.traderplanet.com/commentaries/view/55361-s_amp_p_a_longer_term_outlook_for_the_market_bleak_there_may_be_an_intervening_trading_range_effort'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Michael NoonanMichael NoonanSun, 18 Jul 2010 22:40:20 +0000http://www.traderplanet.com/commentaries/view/55034-s_amp_p_the_jury_is_still_out_on_this_rally_at_least_for_the_near_termhttp://www.traderplanet.com/commentaries/view/55034-s_amp_p_the_jury_is_still_out_on_this_rally_at_least_for_the_near_term<p>Thursday Evening 15 July 2010</p> <p> It is really difficult to properly analyze a market that continually receives Fed <br />support during options expiration week when the Fed pumps money into the <br />system, an indirect support of the stock market.  This is a fact that goes back <br />to 16 July 2009 and every options expiration week since.  The "free" market<br />is not so free, what with the corporate federal government taking over so many<br /> business-related functions, and with no opposition...certainly not from Wall ...</p><a href='http://www.traderplanet.com/commentaries/view/55034-s_amp_p_the_jury_is_still_out_on_this_rally_at_least_for_the_near_term'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> Michael NoonanMichael NoonanFri, 16 Jul 2010 05:13:15 +0000http://www.traderplanet.com/commentaries/view/54876-a_great_example_of_how_to_read_developing_market_activity_this_is_the_euro_but_it_can_be_stocks_or_futureshttp://www.traderplanet.com/commentaries/view/54876-a_great_example_of_how_to_read_developing_market_activity_this_is_the_euro_but_it_can_be_stocks_or_futures<p>Wednesday Evening  14 July 2010</p> <p> 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 on<br />less volume indicates there is no selling pressure, and that is a positive sign for <br />a potential rally to follow.  You can see the strong rally bar, second bar after the <br />low on the 13th.  That wide range up bar was followed by two small range bars <br />that did not retrace much of the rally off the low.  That sparked ou...</p><a href='http://www.traderplanet.com/commentaries/view/54876-a_great_example_of_how_to_read_developing_market_activity_this_is_the_euro_but_it_can_be_stocks_or_futures'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Michael NoonanMichael NoonanThu, 15 Jul 2010 04:34:37 +0000http://www.traderplanet.com/commentaries/view/54563-s_amp_p_caveat_emptor_let_the_market_play_itself_outhttp://www.traderplanet.com/commentaries/view/54563-s_amp_p_caveat_emptor_let_the_market_play_itself_out<p>Sunday  11 July 2010</p> <p> The past two day's high end of rally look tenuous.  Two things jump out on the <br />daily chart.  One: the last two bars kept getting smaller.  What does that mean? <br />Both a lack of sellers and a lack of buyers, but because the closes are upper end <br />of each bar, the buyers remain in control, more by default, however.</p> <p> Two: Look how volume keeps dropping as price rallies.  Buyers have won the <br />battle, but the war is far from over.  The smaller bars reflect an inability of buyers <br />t...</p><a href='http://www.traderplanet.com/commentaries/view/54563-s_amp_p_caveat_emptor_let_the_market_play_itself_out'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Michael NoonanMichael NoonanSun, 11 Jul 2010 23:07:37 +0000http://www.traderplanet.com/commentaries/view/54564-s_amp_p_caveat_emptor_let_the_market_play_itself_outhttp://www.traderplanet.com/commentaries/view/54564-s_amp_p_caveat_emptor_let_the_market_play_itself_out<p>Sunday  11 July 2010</p> <p> The past two day's high end of rally look tenuous.  Two things jump out on the <br />daily chart.  One: the last two bars kept getting smaller.  What does that mean? <br /> Both a lack of sellers and a lack of buyers, but because the closes are upper end <br />of each bar, the buyers remain in control, more by default, however.</p> <p> Two: Look how volume keeps dropping as price rallies.  Buyers have won the <br />battle, but the war is far from over.  The smaller bars reflect an inability of buyers ...</p><a href='http://www.traderplanet.com/commentaries/view/54564-s_amp_p_caveat_emptor_let_the_market_play_itself_out'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/624/?a=1067><img src=http://www.traderplanet.com/themes/trader_plain/gfx/dinapoli.gif border=0 /></a></p> Michael NoonanMichael NoonanSun, 11 Jul 2010 23:07:37 +0000http://www.traderplanet.com/commentaries/view/54338-s_amp_p_first_target_reached_caution_warrantedhttp://www.traderplanet.com/commentaries/view/54338-s_amp_p_first_target_reached_caution_warranted<p>Thursday Evening  8 July 2010</p> <p> A long position was taken at 1034 on the intra day upside break out on <br />Wednesday.  Half the position was liquidated at 1054 near the last half hour of <br />trade on the same day.  Our initial target was 1067, [See S &amp; P - Targets, <br />click on http://bit/ly/bk6bu2.]  The high was 1067.</p> <p> We opted to stand aside, exiting the second half position at 1064.50, on <br />Thursday.  Once the objective was reached, it was clear from the lessened volume<br /> that the current counter-trend ra...</p><a href='http://www.traderplanet.com/commentaries/view/54338-s_amp_p_first_target_reached_caution_warranted'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/744/?a=1072><img src=http://www.traderplanet.com/themes/trader_plain/gfx/firman.gif border=0 /></a></p> Michael NoonanMichael NoonanFri, 09 Jul 2010 03:58:24 +0000http://www.traderplanet.com/commentaries/view/54325-s_amp_p_targets_watch_developing_market_activityhttp://www.traderplanet.com/commentaries/view/54325-s_amp_p_targets_watch_developing_market_activity<p>Thursday  8 July 2010</p> <p> The 60 minute chart shows our entry from yesterday and where half the position <br />was liquidated.  The upside targets have been identified, as well.  The next upside <br />resistance is the 1067 area.  You can see that is was previous support from late <br />June, and it is also a 50% retracement from the 21 June high and 1 July low.  <br />Whenever there is a convergence of two or more indicators at one price level, it can<br /> have more significance.  It will be important to see how price reac...</p><a href='http://www.traderplanet.com/commentaries/view/54325-s_amp_p_targets_watch_developing_market_activity'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/832/?a=1073><img src=http://www.traderplanet.com/themes/trader_plain/gfx/jobman.gif border=0 /></a></p> Michael NoonanMichael NoonanThu, 08 Jul 2010 13:04:02 +0000http://www.traderplanet.com/commentaries/view/54207-s_amp_p_good_news_a_rally_now_how_farhttp://www.traderplanet.com/commentaries/view/54207-s_amp_p_good_news_a_rally_now_how_far<p>Wednesday Evening  7 July 2010</p> <p> Confirmation as to direction was resolved shortly after Wednesday's opening.  <br />Focus was placed on a 10 minute and a 60 minute chart, and we used both to <br />get long at 1034 after it was clear that the channel down was broken when price <br />closed intra day at 1031.  The extent of the rally and ease of movement to the<br />upside was surprising.  However, it occurred on less volume, and that tells us that <br />it was more of an absence of sellers, and a lot of short-covering.  Be...</p><a href='http://www.traderplanet.com/commentaries/view/54207-s_amp_p_good_news_a_rally_now_how_far'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/834/?a=1070><img src=http://www.traderplanet.com/themes/trader_plain/gfx/wyckoff.gif border=0 /></a></p> Michael NoonanMichael NoonanThu, 08 Jul 2010 03:21:12 +0000http://www.traderplanet.com/commentaries/view/54078-s_amp_p_good_news_and_bad_news_neither_confirmedhttp://www.traderplanet.com/commentaries/view/54078-s_amp_p_good_news_and_bad_news_neither_confirmed<p>Tuesday  Evening 6 July 2010</p> <p> Let us start with the good news.  The new low was the smallest decline from a <br />previous sell-off, just by about 4 points, if the 1002 low holds.  We know from this <br />that the market pressure is lessening.  If it were not, the new low would be greater <br />than it was.  Tuesday is the widest bar to the upside since the mid-June high.  <br />Finally, price closed in the upper half of the bar, and above the two previous lower <br />closes.</p> <p> There is a solid basis why we keep saying to ...</p><a href='http://www.traderplanet.com/commentaries/view/54078-s_amp_p_good_news_and_bad_news_neither_confirmed'>Read More at TraderPlanet.com &#187;</a><p align=center><a href=http://www.traderplanet.com/tradertube/index/815/?a=1071><img src=http://www.traderplanet.com/themes/trader_plain/gfx/murphy.gif border=0 /></a></p> Michael NoonanMichael NoonanWed, 07 Jul 2010 03:36:22 +0000