Rocky Road
A low-volume, V-shaped bounce is exactly what we have seen once again. We cut through resistance and just kept running despite poor news flow. The financials roared out of the blocks during the first 90 minutes of trading,...
Read MoreAuthor: Jeff Pietsch
XLF on the Move
Here’s today’s version of yesterday’s Lazy Man chart with XLF as the focus ETF. Once again EEM was the standout leader but close behind was the LM pick of the week…XLB. Go XLB!!!!. Note the...
Read MoreWorking on Swing Strategies 3-30-11
I’ve been tackling swing strategies, or strategies that have an exit that isn’t the next day(s) like my usual ones. It’s not as easy. So far I’ve developed a few indicators along the way. Currently...
Read More03.30.11 – Bull Run
The market has nearly recovered to bull run highs after a monster gap higher and on significant rotation back into Financials and Emerging Markets. As an educational point, it’s generally the case that larger magnitude...
Read MoreFollowing the Herd
If you’ve seen one, you’ve seen them all. A rather amazing lockstep day with XLF shown as the background focus ETF. The morning sell off was greatest with QQQ , SPY and XLB. TLT and EEM held their...
Read MoreRelentless
The market is showing no ill effects from weakness at the beginning of March. After a gap down and a small 5 point dip, the dip buyers woke up. It looks as though we will erase the large drop earlier this month before it...
Read More03.29.11 – Powerful Bounce off the 5-DMA
Price is finding resistance at R1, but this has been an impressive move precisely off the magenta five-day moving average (say SPY $130.50). This was also very near the fifty-day, reflecting a technical reflexive note to the...
Read MoreMuch Needed Rest
We got our Monday pop within a dime to the 132 level on the SPY. Two failures at the 132 level along with a QQQ rejection at Friday high of 57.22 are opening the door for some correction to take place. ...
Read MoreDBC Caution Pays Off
Sometimes a wait and see strategy is the best trading policy and today’s negative action on DBC confirmed our previous suspicions about its divergent technical signals. DBC was downslope all day while XLB...
Read More03.28.11 – Gap Fill to Pivot
Internals are otherwise suggestive of a range-day. Related posts:12.31.10 – Gap Fill to Pivot 06.01.10 Gap & Fill Inside of Rising Wedge 02.22.10 – Pivot Bound 06.21.10...
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