06.30.11 – SPY Tags $132 Bogey
And takes a breather within this heavy resistance zone…. Internals are otherwise very strong at the midday — only issue being they don’t get much better than this. Can...
Read MoreAuthor: Jeff Pietsch
TLT Retreat
An hourly chart of the Lazy Man 5 shows TLT’s recent retreat. TLT’s flatline from the 16th to the 26th is also clear. We’ve discussed previously...
Read MoreJune 29, 2011 – Video Recap
This is a test sample of the type of material that will be regularly included along with our daily chat room feed and daily “ETF Rewind Lite” screen for all ETF Prophet subscribers. The basic subscription,...
Read More06.29.11 – Getting Ahead of Ourselves?
Market is migrating into overbought territory, so this will be a good test of this much belated...
Read MoreFeeling Dangerous?
The bulls did an excellent job of keeping the market running straight up today after the buyers showed some signs yesterday. We had a couple of very minor dips but it was mostly steady buying throughout the day. How...
Read More06.28.11 – Trend Day Follow Through
Price is above it’s 21-day moving average for the first time in nearly three weeks on this Trend Day Follow Through. Facts on the timing of the Greece austerity vote have been inconsistent, but it looks like it’s...
Read MoreTLT Resistance?
Monday we looked at daily bars of TLT versus the Lazy Man 5. Today we gander at monthly bars of TLT versus SPY (line). Going back to 2004 we note Monday’s price of $96.50 has consistently provided a line in the...
Read MoreMake or Break
We started off slowly this morning but gained steam before a weak finish. Strength in financials, oil, commodities, and big cap momentum stocks was the main driving force. It feels like a combination of a short squeeze and...
Read More06.27.11 – Minor Trend Day
Internals are nicely positive, but not expanding. This has me on guard for a potential late-day reversal, but so far so good on decent leadership.
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TraderPlanet’s Quick Guide to Candlesticks
