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Author: Jeff Pietsch

02.24.10 – Inside Day?

Well, inside Chairman Bernanke’s head anyhow.  It has been erratic sideways trade during the testimony post opening noise; however, market internals look quite strong, so perhaps we can break to the upside after the...

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02.23.10 – Overbought Downdraft

Equities are giving up several days of gains in trend-like fashion.  News catalysts aside, this should come as no surprise to short-term position traders as US indices were highly overbought.  Internals are obviously...

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02.22.10 – Pivot Bound

The S&P 500 is vacillating tightly around its daily pivot, but below its VWAP.  Internals are on the weak side, but up and down volume are evenly matched consistent with range-day trade.  Small caps have been...

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ETF Rewind – Week 7 (2/19/10)

(Click Image to Enlarge/ ETF Rewind Glossary)Markets continued their corrective recovery with the S&P 500 (SPY) finishing the week higher by another +2.8%. However, while last week we intimated it might be premature to act...

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Live End-of-Day SPY Forecast Test

In this test I am attempting to project the daily SPY close based on our Mrkt Sentiment readings throughout each trading day. This post will be updated in real-time daily. The forecast is for the same day it is viewed, not the...

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End-of-Day SPY Forecast Test

In this test I am attempting to project the daily SPY close based on our Sentiment readings throughout the trading day. This post will be updated in real-time daily. This is strictly an experiment – rely on the forecast at...

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02.18.10 – Sideways Trade

The sideways trade is contrary to cumulative tick, which continues to move higher.  That said, other internals are muted at best.  The market remains short-term overbought and it seems resistance will initially be...

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