Monthly Archives: September 2011

European News is Faded, Then SPX Makes A Late Inning Comeback  .  .  . The markets gapped up at the open over 1.5% today on the news from Europe, but that initial exuberance quickly faded and at the low of … Continue reading →

Good Words From Europe — Markets Bounce Up Traveling from California to Georgia today—there’s no place like home! Short Term Trend (hourly) – Bullish Intermediate Term Trend (daily) – Still bearish, but the good news out of Europe has the … Continue reading →

A Day of Rest . . . Thank Goodness! I read a statistic this weekend that in the last 50 years there have only been two times that the market first went up five days straight and then down five … Continue reading →

Capitulation Day? The markets sold off in extremely heavy volume today—we must ask ourselves if this was a “capitulation day” at this important juncture.  With today’s very high volume, expect more volatility and lots of fits and starts over the … Continue reading →

Market Sells Off After FOMC Annopuncement A tale of two markets—The NDX fell from a higher high today and even with the large distribution day, managed to close near the uptrending 8 dma, still above the 20 dma and the … Continue reading →

Today’s Topping Tail Looms Large  .  .  . The SPX formed a large shooting star today, and the NDX formed a non-optimized dark cloud cover, signaling a short term retracement might be starting.  Look for a close below the lows … Continue reading →

The Markets Wait For the FOMC The markets retraced a bit today, gaping down (SPX below the down trending 50 dma) and finding support above a rising 20 dma Short Term Trend (intraday) – Even though the SPX retraced a … Continue reading →

Are the Bulls Back? I’ve been at an Investors Conference in Las Vegas this week—learned some new techniques and re-united with lots of old friends. An interesting options expiration week as the markets started the week near the lows of … Continue reading →

Institutions Sell on European Discord The markets were spooked today by discouraging news from the European Central Bank.  The 12 point gain in the final 45 minutes of trade resulted in major markets coming slightly off their lows to lose … Continue reading →

A 1% pull back after a 3% rise—no surprise The markets couldn’t sustain the strong upward momentum of the previous day and after touching resistance at 1200 fell back to 1186. Short Term Trend—the markets pulled back after the large … Continue reading →

Markets Surge Higher—setting third higher low The markets built on yesterday’s comeback and surged higher after gapping up at the open to gain almost 3% across the board—volume was mixed.  We will be watching closely to see if the 1200 … Continue reading →

When does a .7% decline look good?   When the SPX was down 2.8% earlier that day! The /es futures were able to reach a double bottom low near 1140 and bounce of that support to close at 1164—24 points higher.  … Continue reading →

Stocks Gap Down on Pitiful Jobs Report The /ES gapped down over 20 points and fell another 10 during the day in a huge pre-holiday selloff in the wake of a horrific jobs report.  The only saving grace was that … Continue reading →

Stocks Fall In Lighter Volume After Bullish Run The markets fell back to a key support area and closed sitting on that support—setting up a key point for traders.  Short Term Trend—this has now turned bearish as the intraday bearish … Continue reading →

Markets EKE-out small gains on higher volume as NDX hits resistance The markets managed to inch higher, but momentum is waning.  Several indicators have “flattened-out” like the MACD on the daily chart, while bearish divergences are showing up on several … Continue reading →