S & P – Lacks Stability. Patience Required.
Tuesday 11 May 2010 There is no compunction to be involved in the markets everyday, save for the non-professionals who “feel” the need to catch every move each day. We have talked about the...
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S & P – Use Some Simple Logic. Do Not Listen To TV Talking Heads.
Saturday 8 May 2010 If you cannot put the market into a cohesive context, do not trade it. When there is question as to where the market is or what it may do, the default decision-making process most often...
Read MoreS & P – The Lines Have Been Drawn. Support/Resistance Defined.
Friday 7 May 2010 A picture being worth the proverbial 1,000 words, a look at a daily chart shows what may likely be the defined trading range parameters for some time. The top of the bar is where supply...
Read MoreS & P – So Many Rich Lessons here. In Any Market, As well.
Friday 7 May 2010 [This is a market commentary with no specific recommendation.] The best laid plans gone awry! Just as we think we have properly analyzed what may unfold, it could not have been as ...
Read MoreS & P – No More Guesswork From Here. Trading Only From Short Side.
Thursday 6 May 2010 It has been an arduous rally in stocks since the March 2009 low, but we are of the mind that it is over, done, finished. It cannot be repeated enough times: Knowledge of the trend in which...
Read MoreS & P – A Snap Shot For Near Term [Subject To New Market Activity]
Wednesday 5 May 2010 The daily chart was printed at 9:30 a.m., CST, to provide a quick look at what may be developing. Since the sell recommendation on Friday, price has reached an oversold condition. ...
Read MoreS & P – Know When To Hold’em [For Good Reason]
Tuesday 4 May 2010 Yesterday, we stated we were short from the 1187 area and gave longer term chart perspectives as to why price may decline. After Friday’s steep drop, three possibilities could develop...
Read MoreS & P – May You Live In Interesting Times. Interestingly, This May Not Be A Chinese Proverb!
Monday 3 May 2010 Not a Chinese proverb!? Ah, but we digress. What do we now know, and why may this be an interesting time? From “China” to England we go in pursuit of a Holmesian deduction....
Read MoreS & P Plan A Or Plan B? Let The Market Develop.
Friday 30 April 2010 It is the end of the week and the end of the month for printing chart closes. There may be some “window dressing” going on to make things look as good as possible. Who...
Read MoreS & P – Keep It Simple. Work The Plan.
Thursday 29 April 2010 The single-most important bar right now is on the 60 minute chart. It is the high volume bar that spilled to the downside when price broke on Tuesday. That is where supply [sellers]...
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TraderPlanet’s Quick Guide to Candlesticks
