12.20.12 – Internals Gone Wild
It’s a beautiful “Turnaround Tuesday”, although the SPY is taking a breather at R2 — watch that.
Read MoreAuthor: Jeff Pietsch
Looking for a Turn
For the 3rd day, the market opened near the highs and closed near the lows. December is turning into a lousy month dropping nearly 5%. Volume had been light but the sellers are relentless. The S&P is now at the 61.8%...
Read More12.19.11 – Rough Start to Season
The next Fibonacci target below is SPY $120.30. Internals are not supportive here, but as one chat member asks “are we staring a gift reindeer in the mouth?” O.K., I added the reindeer part. We’ll...
Read MoreGDX Signal Reverses
The TrendX signaled a short cover at Thursday’s close and a BUY at today’s open. Interestingly, Thursday’s closing price on GDX was the same as today’s open, with Friday providing some possible early...
Read MoreETF Rewind — Still Teetering | Week 50 | 12.16.11
The S&P 500 (SPY) pulled back a full -2.9% for the week, representing a 50% retrace from its recent swing highs. While holiday seasonality may well come to the rescue going into the final two weeks of the 2011 — France...
Read MorePortfolio Trader ~ Week 51 / 2011
Last week the portfolio saw a decrease in equity (-2.42%) while SPY lost (-2.93%). TLT trade worked out well by protecting the portfolio. Unfortunately GLD dropped significantly and therefore has to go. The TAA (Tactial Asset...
Read MoreManage Your Risk While Waiting for Santa
We had a rare down December/FOMC option expiration week. Most importantly, it gave us another down weekly close and VIX is scrapping along the recent low. This action felt a bit like the lousy Thanksgiving week and upside probe...
Read More12.16.11 – Opex Gap Fill Underway
The SPY is about twenty cents away from a Gap Fill. You do remember we went ex dividend today,...
Read MoreWill the Bulls Show Up?
We need some sort of spark to ignite the upside movement. Commodity capitulation and recent sell off may be setting us up for that illusive rally. There are a few conflicting studies, but I would guess a positive option...
Read More‘Tis the Season of Giving
This is going to be a different kind of post. Instead of sharing quantitative research or views on the world of technical analysis we want to ask you to participate. As we are approaching year end it’s time to say thank...
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