Economic Reports Due out (Times are EST): Personal Income and Outlays (8:30am) Premarket Update (Updated 1am eastern): U.S. Futures are down moderately Asian markets are trading down roughly -0.5% Europe has yet to open....
Read MoreIf I ask myself, “What is the truth about this situation?” and if I’m truly open to hearing the answer, I’ll get the right answer. I may not like the answer, but it will be the right one. Truth in action...
Read MoreHere’s how Week 1 closed on January 27th for YM, ES, NQ & TF. This was the week of the FOMC announcement to keep interest rates low until the end of 2014. As I mentioned in my post of January 25th, these four e-min...
Read MoreHave the markets started building 2012’s chocolate cake for a bullish Christmas tea party? Let’s see what foundations have been prepared for the first layer, so far, in January. The following charts and graphs will...
Read MoreAnother mix of swing-trades to the long and short-side today. The market is looking indecisive, but that should not come as a surprise considering the run we’ve been on of late. LONG: Universal Desplay (PANL) Read...
Read MoreMarket having one down day doesn’t create a trend. We need to seem some overall weakness for a couple of days before getting real defensive here. The underlyings were strong yesterday as we were getting a lot of big clean...
Read MoreI sent the following tweet out shortly after the highs yesterday morning:If we are going to see a reversal on SPX soon, odds favor the high this morning. Hit the top SPX rising wedge. Hit support Vix falling wedge.After the...
Read MoreEconomic Reports Due out (Times are EST): GDP (8:30am), Consumer Sentiment (9:55am) Premarket Update (Updated 2am eastern): U.S. Futures are slightly lower Asian markets are trading in a mixed fashion, with little deviation from...
Read MoreTo best depict what we are currently experiencing in today’s market, with the bullish euphoria that exists, the belief that European woes have passed, and that somehow it’s different this time, let me point you to...
Read MoreI tend to run this screen in markets like the one we are currently trading in. Where it is overbought beyond measure, facing overhead resistance, and anything and everything that I measure the market reversal possibilities...
Read More
