Author: Jeff Pietsch
Wind on the back of the Bulls
After consolidating for the past few days, we finally broke above the 2 month old trading range. Upside targets include the popular 125, 200sma at 127 and 129. Bulls certainly have the wind at their back with month end window...
Read MoreGDX Possibilities
The miners (GDX) have been hit hard lately along with GLD and SLV but there’s a technical glimmer of hope for this volatile gold bug. Currently at longer term support and itching for a break back up to the 6o’s...
Read More10.21.11 – Short Stop Pop
R2 is holding for now, but price action is feeling just a little heavy going into the afternoon session. Nice effort to break the range one way or the...
Read MoreThe Rolling Sortinos
In a recent post I previewed a neat service coming soon from my colleague Jeff Pietsch that ranks various indicators by their rolling 252 period Sortino ratio. I raised the possibility of being able use these rolling Sortinos to...
Read MoreDrama Queen
The focus on the news flow out of Europe dictated trading all day. Rumors about cancelled meeting, rescheduled meeting and intraday conference calls gave traders wild moves all day. The latest is that European leaders will...
Read More10.20.11 – Testing $119.75 Fib Support
The first test has held. Now let’s see how S1 resistance fares at $120.45. Would you believe this has been the most stable week and a half since late Summer
Read MoreConsolidating
A pple’s earning miss and the Spanish debt downgrade overnight were off set by Intel early. Some late day weakness and consolidating action closed us lower. Bulls held where they need to at SPY 121, next support would be...
Read More10.19.11 – Range Day
Range day pattern was established early-on; however, these have had a way of breaking out in the p.m. session lately, so keep...
Read MoreCross road
***Sorry, I forgot to hit the submit button yesterday. Here is yesterday’s piece.*** The first day of a long awaited pullback is hard to buy. Maybe another day or two of down side action would set up a better trade. IBM...
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