Natural Support Levels (SPY)
Near and around areas of previous price support and resistance, as follows (not that this has mattered in nearly six month’s time!): Related posts:01.07.08 – Strict & Liberally Drawn...
Read MoreAuthor: Jeff Pietsch
03.10.11 – Bottom of Range
Price has pulled back significantly in the aftermath of the second anniversary of the bull. Today’s action has price at the bottom of its increasingly choppy multi-week range bereft with indecision and...
Read MoreSMH & the Lazy Man
This is the last of the Lazy Man correlation posts. My goal over the past couple weeks has been demonstrate that a more holistic approach to trading the markets such as the Lazy Man composite signal can...
Read MoreHappy Birthday
Today is the 2nd anniversary of the bull market that started on March 9th, 2011. We got our pull back today even though we closed off the low again. Momentum leaders in technology, semiconductor and network suffered...
Read MoreGLD Firm at 139
Today’s first 90 minutes on the Lazy Man Rotator gave a clear signal of things to come for the rest of the day. We did have several mini fades during the rest of the session but ultimately the %...
Read MoreReturn of Superman
After the blast higher on the back of the big move alert and long signal, we are back to the top of the recent trading range. The optical sector is being hurt after hour on FNSR’s soft guidance tonight and...
Read MoreGE and the Lazy Man
Regular readers know that I regard GE as the equivalent of an ETF although it does have a beta of 1.7. Because GE is really a conglomerate of multiple businesses . . financial, technical, manufacturing and service,...
Read MoreDon’t fight the FED and QE3
Last Friday, Bloomberg quoted a few Fed official discussing an abrupt end of QE2 in June, but MarketWatch is reporting today that Lockhart is now preaching “flexibility” and a potental QE3 to combat...
Read MoreDown But Not Out
Another day of ugly reversal action; however, all the major indices managed to close above their 50-day simple moving averages once again. Semiconductors and other tech stocks suffered heavy damage; the SMH was down...
Read MoreDIA & the Lazy Man
I will forego the IWM pyramiding study mentioned on Friday in lieu of jumping over to examine how DIA responds to the Lazy Man aggregate signal. Most traders probably don’t consider DIA a boutique ETF...
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