The bears were unable to do much even with more Italian drama. Strength in big-caps as well as precious metals, oil, banks and retailers helped the bulls to stay in green. We continue to set up quite well for positive action...
Read MoreWhat set up as a prospective range day looks to be breaking to the downside after penetrating the five-day moving...
Read MoreWith this post I want to share some insight about my portfolio setup. More specific I want to talk about the various systems I trade, why I trade those and how I trade those. The initial question to ask: Why don’t I simply...
Read MoreThe portfolio has mastered last weeks’ Greek tragedy well. We saw a slight increase in overall portfolio equity. But more important than the increase is the reduced volatility due to its inherit hedge position (TLT). For...
Read MoreResponding to overbought conditions and more by the hour news flow from Europe, the S&P 500 (SPY) fell back into its multi-month range, finishing down -2.4% on the week. While I’m still leaning net bullish, price is...
Read MoreWe sold off early after a brief jobs number pop to yesterday’s resistance. We pulled back to key support at the highs of the recent trading range mid morning, then grinded higher into the close. We were still sensitive to...
Read MoreUnless your in on the Groupon IPO, you’re looking at a down market, although SPY has initially found support near S1. However, internals remain largely negative. Remember to keep an eye on slope as well as absolute levels,...
Read MoreWe got our two way action early today. All it took this time was for Greece to cancel its referendum on accepting a bailout and we closed on the high. We rallied 50+ S&P points from the overnigth low. We have the monthly...
Read MoreWith an (overdue) ECB rate cut, good earnings, and Greece coming into line, price is testing the magenta falling five-day moving average on positive...
Read MoreAfter two days of hard selling that took the market back to the breakout levels, we were in good shape for a bounce today. More Greece drama and an unsurprising Fed FOMC rate announcement was all it took to provide decent...
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