Author: Edge Trader Plus

Tuesday  Evening 6 July 2010  Let us start with the good news.  The new low was the smallest decline from a previous sell-off, just by about 4 points, if the 1002 low holds.  We know from this that the market pressure is...

Monday Evening  5 July 2010  In the last article on 1 July, mention was made about a rally potential, but on a “maybe” basis.  None, of any consequence developed, and what was described as a weak market is living up...

Thursday Evening  1 July 2010   What makes today’s activity different from other recent days?  A few things are apparent, one is not.  The close was near the high of the day and the upper end of the bar, after the end of a...

Wednesday  30 June 2010  The weekly chart shows the likely direction for the market over the next several months.  It ain’t a pretty picture.  For the here and now, price is teetering on important support.  The biggest...

Thursday  Evening  24 June 2010  Once the S&P put in a surprising 6 day rally, it changed the complexion of the down trend and gave new expectations for upside potential.  There was now potential for a rally to 1141, to as...

Wednesday  23 June 2010   Too many try to be ahead of the market, and that is where the risk is the greatest.  Better to be a step behind, just after a potential situation becomes clear.  There is usually a give-up in some price...

Monday Evening  21 June 2010  The market continues to speak as it rejected higher values, exactly at a 50% retracement that became resistance.  Mention was made that 1130 was the half-way mark, based on the weekly chart, and the...

Sunday Evening  20 June 2010  The last article was on Tuesday evening, 15 June, and we concluded by saying there was no clear direction. [See S & P – Review The Known Facts, click on http://bit.ly/cYAeU6, last...

Tuesday Evening 15 June 2010  Just when it looked like the trading range was alive and well after Monday’s failed rally at the high end of the range, and the poor close suggested further weakness into Tuesday, price...

Tuesday  15 June 2010  Last time, we recommended buying weakness and did so at 1076, last Friday, shown on the chart.  Of some concern was a narrowing of Friday’s range, indicating some lack of demand.  Overnight trade,...