The Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: Second straight day Google (GOOG) stands out from the crowd, as well as relative strength in AT&T (T) and Apple (AAPL) Everything else...
Read More$SPY not being able to stabilize over 135 (135.29 was the safe haven for the bulls). What I am looking right now is the following. If the $SPY can cross 135, and close at or above 135.29, I will consider this to be an amazing...
Read MoreGap downs are a beast for the bears to hold together – especially those that go bonkers in the form of -20 points or more on the S&P. I actually added today’s lazy long trade Authentec (AUTH) right before posting...
Read MoreRough day for the bulls (understatement) and so far it has managed to bounce off of those early morning lows and forming sort of a cup and handle pattern on the 5min SPX chart. So, let’s tally it up for me on the day: I...
Read More$SPY needs to reach 134.69, to really take off, but needs to close above 135.29 for bulls to get confident again. I missed some great opportunities in the morning since I wasn’t able to be here at the open. Th biggest one...
Read MoreI am sorry for writing this so late. I had a small personal problem this morning. $SPY reacting to what must have been an amazing dinner for the European committee, that again delivered nothing useful in terms of news for the...
Read MorePre-market update (updated 8:30am eastern): European markets are trading -2.1% lower.. Asian markets traded in excess of -2.3% lower. US futures are trading -1.5% lower ahead of the market open. Economic reports due out (all...
Read MoreThe Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: Google (GOOG) sticks out of the crowd like a sore thumb (but in a good way for them) Everything basically took a beating, with financials...
Read More$SPY formed an invert head and shoulder pattern on a 3 min. chart. And if it can reach 136.73 can be reached, I can say with confidence that the pattern is confirmed. We are going into this weekend on the hand of the RATS in the...
Read MoreThis past week, I’ve spent writing about common market conditions and how they behave early on and what you can expect for the remainder of the day. I’ve received great feedback from readers on this series and for...
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