Pop Goes the Weasel
Well… so much for that fade at the open and I left a few bucks on the table betting that side of the game. Net Long was the place to be with no gap fade even as the NYAD opened at an astounding 32…currently...
Read MoreAuthor: Jeff Pietsch
09.27.11 – Power Bar
Next Fib resistance is SPY $119.50. Of course, with the overseas/ overnight trade predominating US moves, floor pivots and other measure become “conveniently” irrelevant during the regular session.
Read MoreBottom or No Bottom?
After a choppy start, the quarter end rally took hold on more European crisis solution meetings. Once the train got moving the bulls piled on. Breadth was 2:1 positive but the NASDAQ and small-caps underperformed....
Read MoreA Good Start
Virtually every advisory service is calling for new lows (perhaps substantial) in gold and while GLD followed the downslope, GDX managed to buck the trend and reverse course for a nice 1.5+% gain. The strong positive momentum...
Read More09.26.11 – Major Indices at Odds
The Majors are at significant odds, with Financials propping up the S&P relative to the NASDAQ and Russel. However, the latter are both at potential pivot support. Normally I’d say that was an easy buy, but with most...
Read MoreSP-500 Making a Decision
The SP-500 is attempting to make a decision with it’s resistance near the Emini futures price of 1150.75 and support of 1125. Should it break this support we could see a downside of 1100 tested and if broken there a...
Read MoreETF Rewind – Back Down | Week 38 | 09.23.11
Lack of clarity & belief in European Debt progress, a dour Fed outlook and more negative economic reports pulled the rug out from under the market’s nascent recovery last week, leaving the S&P 500 (SPY) lower by...
Read MorePortfolio Trader – Week 39 | 2011
My personal quote of the week: The quality of your life is in direct proportion to the amount of uncertainty you can comfortably deal with. ~Tony Robbins . –...
Read MoreTug of War
There is tremendous uncertainty about the European situation and now it is rumored that the European banks may be in trouble. While I am not expecting very much out of the G20 meeting this weekend, it was a catalyst for the...
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