Markets going for another wacky day. $SPY opening higher and trying to go for another try to break up the 141.38 level. Remember that I wrote on Fuinhaz $SPY read for August 13, 2012, that 141.66 was the bi resistance that we...
Read MorePre-market update (updated 8:00am eastern): European markets are trading mixed/flat. Asian markets traded 1.7% higher. US futures are slightly higher ahead of the bell. Economic reports due out (all times are eastern): Housing...
Read MoreThe Chart of the Day… From a really cool site called SocialTrade.com Quick Glance at the Market Heat Map and Industries Notables: Utilities and Basic Materials = Not good Some splotches of strength in financials and...
Read MoreThe two Weekly ratio charts below depict the SPX vs VIX and the RUT vs RVX. Very simply, you can see that each rally made by these two Indices since the lows of three years ago has produced an increasingly steep advance before...
Read MoreIt is amazing how equities, indexes are completely disconnected from technical analysis. It is almost scary to watch this price action. Again I will repeat, on a technical analysis stand point, we should be selling hard. It...
Read MoreHere’s a look at my active watch-lists that are accessible real-time in the SharePlanner Pro trading platform (currently available for free while we are in preview mode). With the extraordinarily low volume readings we are...
Read MoreJust as I’m writing this post, I got in Aruba Networks at $16.79. The ideal breakout level is at $16.76, which is where it just dropped back down to. I really wasn’t planning on increasing my exposure to the long...
Read MoreEquities are moving, but $SPY is pretty much flat. I believe market is just setting itself up for a sudden drop that will catch a lot of people by surprise, just like I mentioned in the morning. I am stay cautious, but with lots...
Read MoreAs you can see on the Daily chart below, China’s Shanghai Index is struggling to stabilize at three-year lows. Hong Kong’s Hang Seng Index has reached a major resistance level, as shown on the Daily chart below. The...
Read More$SPY opening pretty much flat today after yesterday’s slide. This morning analysts expected the CPI (Consumer Price Index) to rise 0.2 percent last month. In the 12 months to July the CPI rose 1.4 percent, slowing from...
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