Every time we hit a peak and pulled back for the most part you got some sort of retest of the highs. One look at the charts below tell the story and we can sum it up in three words when we look at the 60 minute charts of the OTC...
Read MoreContrary to what all the RA RA RA TV crowd has been saying now IS NOT the time to be buyers. If now is not the time to do so then when was it? It was back in Late August when we were buying AAPL, NFLX, BIDU BEFORE they took off....
Read MoreTake a look at the chart of the VXX, which is the volatility index or commonly known as the FEAR index. What? I should buy stocks now? The SPX has run 8% in 10 business days in September after a week where volume was the 3rd...
Read MoreWhat we really want to key in on here is that of the 60 minute index charts that have served us so well over the past few years. One look at the S&P 500 and you see the 78.6% Fibonacci level we talked about over the weekend....
Read MoreTake a look at the red lines on the 3 charts below. Now let’s look at the 60 minute time frequency charts. There are 5 reasons why we locked in gains Friday. 1. Multiple indexes hit downtrend resistance off of the April...
Read MoreTESTING 1 2 3 TESTING 1 2 3 And that folks is the order of the day when you look at the S&P 500 today. 1040 going once, 1040 going twice, SOLD at 1040. The market has now defended the 1040 level twice and in both instances...
Read MoreMARKET STAGES POSITIVE REVERSAL FRIDAY Friday’s action can be summed up in one picture: Or maybe it should be “Houston We Have Lift Off” But that should have come to no surprise as the one-minute chart of the...
Read MoreWhen looking at the charts, we see a potential bull count, specifically this wave 2 morphing into a bigger wave 2. What is interesting are a few tidbits that make us think a little deeper about us possibly being still in wave 2....
Read MoreIn our free weekend newsletter, we said: “This week is options expiration week and normally the market moves in the opposite direction that most people think or shall we say are emotionally invested in. That all said when...
Read MoreAnd the 60 minute charts strike again! Throughout this whole move off the July lows the Full Stoh’s and the green up trendline have basically nailed every peak and valley as shown below in the S&P 500 chart.There is no...
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