Further to my last weekly market update, here is a summary of where money flow ended for Week 4 of June 2012. The Weekly charts below of YM, ES, NQ & TF show that they all closed higher than the prior week (the ES, NQ...
Read MoreFurther to my post of January 27, my post of March 30th, and my post of June 20th, I’ll offer the following Quarterly timeframe charts of the Dow 30, S&P 500, Nasdaq 100, and Russell 2000 Indices to wrap up Q2 of...
Read MoreSharePlanner Compass: After the best market session of the year – the SharePlanner Compass is now in full blown up-trend. Quick Glance at the Market Heat Map and Industries Notables: Utilities are back to their old ways of...
Read More$SPY now getting exhausted here after reaching my 1st target @ 135.70. I am already looking for some short here, since I think we give some back before the end of the day. We are not going to give much back, but the head and...
Read MoreI can’t remember or not if I’ve ever bought Chipotle Mexican Grill (CMG) before (as a stock), but considering my incredible passion for all things burritos, this particular long position that I just got in on is...
Read MoreJust one new trade for me this morning. I came into the day with WNR and I’m still holding it (though wish I wasn’t stopped out of two longs yesterday). Under Armour has a great looking chart, and one that I think...
Read More$SPY trying to reach 135.70 level, but still having some trouble. The key level to watch now is the 135.13 level. If that is broke, we might re-test the 134.85 support. I am actually looking for the $SPY to do an invert head and...
Read MoreTechnical Outlook (SPX): SPX made a strong recovery yesterday into the close, eliminating much of the weakness from earlier in the day. Today the market is experiencing additional strength off of positives out of Europe. A close...
Read MoreThere was a very large move overnight as the EU eased repayment rules for EU banks, and announced a $149bn plan to promote regional growth at the EU summit. Much has been made of Merkel’s isolation at the summit and I was...
Read MoreFirst of all, I have to say that i think someone in the EU committee must be reading my posts, and did the right thing so I can look bad. :o) . Anyway, it was nice to go to sleep last night knowing that we would have an...
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