Wednesday Evening 21 July 2010 An editorial comment, first. Our way of looking at the market, reading development of price and volume activity, is technical analysis at its purest. We cannot know the level of understanding...
Read MoreTuesday Evening 20 July 2010 Yesterday’s article is a bit amusing for saying that the market looked weak, then adding the qualifier: for the near term. [See S & P – Market Still Looks Weak, Near Term, click on...
Read MoreMonday Evening 19 July 2010 One of the primary ways to identify a trend is by observing a series of lower highs and lower lows, in a down trend. That is very evident in the daily chart. Price stalled at the 1100 level and...
Read MoreSunday 18 July 2010 Not many look at charts beyond intra day and daily when assessing the markets. We are presenting the Quarterly and monthly charts, rarely viewed by most, because they portray the overall conditions of the...
Read MoreThursday Evening 15 July 2010 It is really difficult to properly analyze a market that continually receives Fed support during options expiration week when the Fed pumps money into the system, an indirect support of the stock...
Read MoreWednesday Evening 14 July 2010 We saw an opportunity to take a long position in the Euro, based on a strong volume rally followed by a retest decline on less volume. The retest onless volume indicates there is no selling...
Read MoreSunday 11 July 2010 The past two day’s high end of rally look tenuous. Two things jump out on the daily chart. One: the last two bars kept getting smaller. What does that mean? Both a lack of sellers and a lack of...
Read MoreThursday Evening 8 July 2010 A long position was taken at 1034 on the intra day upside break out on Wednesday. Half the position was liquidated at 1054 near the last half hour of trade on the same day. Our initial target was...
Read MoreThursday 8 July 2010 The 60 minute chart shows our entry from yesterday and where half the position was liquidated. The upside targets have been identified, as well. The next upside resistance is the 1067 area. You can see...
Read MoreWednesday Evening 7 July 2010 Confirmation as to direction was resolved shortly after Wednesday’s opening. Focus was placed on a 10 minute and a 60 minute chart, and we used both to get long at 1034 after it was clear...
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