Author: Jeff Pietsch

Today’s jobless claims inspired gap lower was caught by the twenty day moving average. While price has attempted a come back to fill that Gap, the SPY pivot/ QQQ 5-dma are proving initial resistance. Related posts:9.09.10...

SPY and DIA are red this morning but SMH is showing a nice gain after yesterday’s telltale rally.  Any trader worth his salt knows that volume is largest at the open and closing hour and that’s when checking the...

This goes against intuition, doesn’t it?  The last several weeks Silver (green) has been fairly strongly negatively correlated with the VIX (silver).  I may have expected either non-significant results, or a...

Some powerful intraday volatility swings left most of the Rotator components sucking eggs (as the colorful saying goes).  Gold and oil continue to be the biggest losers while XLB and DBC (basically crude futures) fall in...

An oversold bounce around midday was a bit early and the sellers took control in the final hour.  Like Tuesday, selling in oil, precious metals, commodities and high-beta big-caps continued.  Breadth was better than...

The failure to hold the Bin Laden gap up yesterday signaled a tired bull.  The Dow Jones Industrial Average finished the day slightly green and the S&P 500 had a minor loss.   Momentum names on the...

Just a heads up for TLT traders.  The PDQ is pretty bearish on the bond ETF and if we check the relative gains for each side of the pair trades a dominant pattern appears.  The PDQ, as we all know by now, tends to...