Further to my last weekly market update, here is a summary of where money flow ended for Week 3 of June 2012. The Weekly charts below of YM, ES, NQ & TF show that the YM & ES closed lower on the prior week (forming a...
Read MoreI haven’t been actively trading in the market today, mainly because the market is really hard to predict with the massive sell-off yesterday whether we just bounce right back up, or we go further south from here. In...
Read MorePretty nice easy looking chart here. Oil has declined big time lately and has since neared a strong base/support level. This base formed from 2009-2010 as Oil chopped between $70 and $80. Once it broke out Oil moved higher and...
Read MorePre-market Update (Updated 8:30am eastern): US futures are slightly higher ahead of the open. European markets are trading -0.6% lower. Asian markets are trading -0.9% lower. Economic Reports Due out (Times are EST): None...
Read MoreAs SPX was testing rising support from the low yesterday I did a chart on the SPX 15min showing the three important short term support levels on SPX to watch. I was going to post this on twitter but that was down for quite a...
Read MoreThe market sold off yesterday and while this came as a surprise to some, the tells that it would happen were there. First indicator was the Wedge pattern that formed, this is a classic bearish pattern. Then yesterday there was...
Read MoreYesterday was a grinder lower. The bears just wore the bulls down slowly grinding the market slower. All the volume was to the sell side, which created a 90% Down day. This is when 90% of the total market volume is down. This...
Read MoreI posted my PCYC resounding success story which I made 16% off of it, but what kind of blogger would I be if I completely ignored those nasty trades, that despite discipline, focus, and strong setups, did nothing to better...
Read MorePharmacyclic (PCYC) has been a great stock for me the past week. When I bought this stock back on the 14th I didn’t have some special insight that said “this stock is going to go up over 15%… I didn’t....
Read MoreI was asked yesterday whether we might see a gap and go day, and I replied that the chances of seeing a very strong up day here look limited, with SPX testing the upper bollinger band and in some need of retracement....
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