09.08.11 – Range Day
As BZB suggested from the get go, up and down volume are evenly matched at the mid-day for sloppy range day trade leading into the POTUS/ Fed...
Read MoreAuthor: Jeff Pietsch
PP Day Developing
Yesterday saw most of the majors close at the R3 pivot after a closing bull charge of likely short seller covering. Today may be more of a test of the market’s true feelings as early poop and scoop action has morphed into...
Read MoreAre we expecting too much from the government?
After the gap up open,bulls continued to push higher all day on positive Europe bailout news and oversold conditions post the Labor Day holiday. INTC also helped the semiconductor sector by reaffirming guidance. Breadth was...
Read MoreR2+ Kind of Day
It’s one of those days when everything goes up that’s not a hedge. If you ever thought the markets weren’t highly correlated just take a gander at the Lazy Man overlay. Of course the Volume BUZZ today is...
Read MoreDays since 200-day highs
I found a recent post by Woodshedder on the behaviour of markets after 200 day highs and 200 day low absolutely fascinating. Well worth a read. I was interested in this conclusion: “The market making new 200 day highs is...
Read More09.07.11 – Strong Internals Alignment
Unlike yesterday, internals are keeping pace with today’s strong price action. With SPY $119.50 resistance broken, the way is cleared for further advance, but I’ll be watching the falling five-day moving average of...
Read MoreNews Driven
Germany broke the August lows over the long weekend and Euro-banking concerns headed in the wrong direction. An ugly 30 S&P point gap down open awaited us this morning, but the bulls stepped up on a better than expected ISM...
Read MoreAdaptive PSAR – Progress Notes, week #2, 9-6-11
I’ve been starting to use Excel to back test my system/indicator ideas. Tested a few ideas and realized I need to start using PSAR filter to systems and equity curve “surfing”, as Dave Evans would call it, to...
Read More09.06.11 – Bounce but Sketchy Internals
The full point bounce on such awful internals should be treated skeptically, in my opinion. Of course, one can’t trade...
Read MoreSPY / TLT Spread Widens
This is an emerging pattern that bears some scrutiny. It would be easy to dismiss the “A” chart divergence as a product of August volatility but it appears there’s something more fundamental going on when the...
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