Price finally retook its declining five-day moving average and internals are bullish at the mid-day. Looking ahead, I’m not convinced there is alot of room above on the daily charts, but I’ll just keep trading...
Read MoreLast week I released a post about the groundwork for a market neutral strategy. Since then I continued my research. With this post I want to share with you some of the interesting highlights and inspire you to kick-off your own...
Read MoreGoogle missed earnings estimates by a couple of cents, but that was enough to send the shares below its 200-day simple moving average for the first time since last September. This is the third major report to receive a negative...
Read MoreThat would be the heavily dotted line/ green-blue today as opposed to reddish going into yesterday’s close. Speaking of which, I might expect stronger resistance near that SPY level, say $131.50. Related posts:10.08.10...
Read MoreVolatility has been all over the place in GDX this expiration week and we are now firmly in the neutral camp. The PDQ is kicking out 3 new verified Signals, 2 Longs and 1 Short, all with AP equity curve ratings. ...
Read MoreOften traders will see strong gaps hold and run. But not today, apparently not in this environment and Finnies are bringing price down. The trade down has been very technical (note the floor trader pivot level hits)...
Read MoreIn Part 1 we discussed some of the elements required for a testable framework for wave theories such as Elliott Wave. In this post we will discuss a very simple framework for testing and research. One of the most important...
Read MoreSelling pressure finally materialized today. Breadth was quite poor around 3-to-1 negative, and the banks fizzled late after a mid-day rally. The S&P 500 breached 1314 at the 50-day simple moving average briefly,...
Read MoreVolume has exploded off the fifty-day moving average SPY price just above $131.00, taking price back above VWAP. Related posts:12.31.09 – Morning Slide to Support 04.03.09 – Bullish Catch at Support 03.21.11 –...
Read MoreRelated posts:Natural Support Levels (SPY) 01.07.08 – Strict & Liberally Drawn Support Levels SPY: Support & Resistance April 1st Friday Fun – April...
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