01.12.12 — Gap Fill on Technical Trading
Very technical day, look at those floor trader pivots! Internals have gradually been improving and the VIX is taking a header at this moment.
Read MoreVery technical day, look at those floor trader pivots! Internals have gradually been improving and the VIX is taking a header at this moment.
Read MoreThe market continues to bounce back from weak opens. There are several discussions online that stock picking is again in fashion. Low-priced or beaten down stocks bounced in the first few trading days of the year. The trend...
Read MoreThe roll in the QQQs and TLT stability were tells we may see some rocky post-gap trade. That said, R2 is holding from above on the SPY during its first test. Longer term, can price break its late October highs?
Read MoreThis is week 2 of the Mosaic series. Above is a price comparison of last week’s basket of ETFs and the Mosaic model over 5 years. As mentioned, my goal is the maintenance of a linear equity curve and the difference between...
Read MoreS&P action remains in its five day range. Internals are slightly positively biased even though price is trapped by the VWAP at the...
Read MoreThe first week of the new year started off with a bang and ended with several days of sideways consolidation for a strong +1.8% overall gain for the S&P 500 (SPY). Most industries are technically in short-term neutral...
Read MoreBrief market pop on the better jobs number was sold at the open, but the dip buyers stepped up for the third day. Earnings are coming next week. We already had some earnings warnings, are the expectation low enough? We also have...
Read MoreFor the third day in a row, price has picked itself off the opening mat for a move higher and the VIX is threatening 20. Overall though, volume suggests a range day...
Read MoreThe above nugget in Reuter’s today highlights the uncertainty that traders face in 2012. These are (supposedly) some of the brightest guys in the room and they’re reduced to head scratching. Hopefully the Prophet...
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