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Author: Jeff Pietsch

07.13.11 – Risk on, Sort of…

The VIX is down nearly 7% post Bernanke’s “QE3 maybe” testimony. However, while internals remain strong on an absolute basis, accumulative tick has rolled over at the mid-day, and price couldn’t quite...

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Pre Market Jitters

Now we are down 3 straight, but recovered most of the 20+pt drop last night in the futures. We were range bound after opening soft when a QE3 discussion in the Fed minutes triggered some knee jerk buying. The buying quickly...

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Applying Normalised Volume

I’ve never been able to get much out of volume analysis, but then again I’ve not really given it too much serious attention. Logically, if the size of up days and down days has some...

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07.12.11 – Struggling at VWAP

Price made a remarkable recovery versus pre-session levels, but the SPY is facing strong resistance at its daily Pivot and internals have been struggling the last hour leading to a mid-day VWAP test. Semis...

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Shake Out

After the euphoric move over the last couple of weeks, the market was overbought and ready for some sort of pullback.  Routine profit-taking turned into panic selling as worries about European sovereign debt popped up...

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07.11.11 – Risk Off!

Internals are highly negative at the mid-day so I’m looking for possible further downside even though the fifty day moving average, S2, and prior 50% fib zone seem to be holding the SPY for now around...

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NYAD Crumbles

Here’s a look at the $NYAD (NYSE advance/decline line) over the past 12 days on hourly bars. 90 minutes in today and the NYAD is flatlined at .12, as bearish as it gets.  The VIX has jumped over 18%, goosed by...

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Ready for Volatility Next Week

Everything has become so extended lately that a pullback is actually a relief. Consolidation is needed in order to provide a solid foundation from which we can trend higher, but the jobs miss that caused this pullback really...

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