Tuesday, July 31, 2012

Small gap already filled

We had a small gap down to start the day and it was right at that last consolidation for the session from yesterday

Number at 10AM, lets see if anything gets initiated from there


Monday, July 30, 2012

Chop chop

Digestion model holds as the early breakout gets stuffed back inside the range

Not a huge fan of either side here.

Bulls are not showing good leadership, Bears are not showing momentum

For now, its a chopfest


NASDAQ and the Russell

The NASDAQ and the Russell 2000 are both showing poor relative strength to the S&P 500 here.

The % change shows the NASDAQ doing better but the chart position, which is what I watch for is not.

Choppy day and the model is that we do NOT trend


Nice and choppy

Now think that we take out the Friday highs but I;m not expecting them to hold and turn into another trend day higher

As I'm finishing this we are breaking out, lets see if they hold em or come back in


Friday's highs

The small gap was filled, and we had a little bit of two way action as the anxious Bears got trapped, while the weak Bulls were shaken out

We now look like we want to try to test Friday's highs basis the S&P Futures at 1385, but it doesn't appear to want to go there in a straight line as we continue to wiggle here


Small gap

Small gap down to start the week

Base don the way we traded Friday I'm expecting some two way trading, at least off the open

Then we'll see if either side tips its hand


Thursday, July 26, 2012

Stuck In The Middle With You - Stealers Wheel

Narrow range so far

Narrow range today, only 5 points despite a big gap up

If we take out the lows, a move to 1347 will be a 10 point range on the session.

Why is 10 points important? On a choppy day, a 10 point range is about average and is a good rule of thumb for a first target on a range.  Of course, nothing is saying we have to stay choppy OR take out the lows.

On the high side, the 10 point range completes at 1362


Nice fat gap opening

Will watch for a fade m, but will wait for overnight highs to be breached more than likely


Wednesday, July 25, 2012

So much for that idea!

Despite AAPL gaping down sharply, the S&P Futures are actually gaping up

I'll be watching for a fade, but may wait for at least a retest of the overnight highs.  we'll have to see how it sets up early


Tuesday, July 24, 2012

S&P 500 video For Wednesday, July 25th, 2012

Small gap

Was a Small gap to start the session, didn't qualify for me to look for a fade so I passed

watching 1341 for support basis the S&P futures


Monday, July 23, 2012

Watch for the trap

I'm not bullish here, especially with the way price is acting and breadth is coming in

However, it's important to watch for a trap here as over anxious and late to the party Bears can get squeezed pretty easily

We gaped down big, we sold off straight line for 20 minutes.  We just failed to make a new low, which means all shorts have NOT been satisfied.  If we can get a push towards the open here, it could induce some short covering, and although it may only be a flash move, it's still enough to take advantage of if you are nimble

Yes it's counter trend so that's where the caution comes in here, but don;t get one sided in your analysis, it can lead you astray 

Of course, if the lows get taken out, then it changes the short term model very quickly


Lighitng it up

The Bears are lighting us up here as we are stuck in the mud early on.

SPY support 133.50 A-D line early -1900s here


Big gap down

Big gap down to start the session, and I'll be looking to fade it

I'd like to see us retest and possibly break the overnight lows here but will watch for a setup before jumping in


Friday, July 20, 2012

Not much volatility, but...

As expected, since it is OE day, there's not much volatility today.

That's NOT stopping the Bears from pushing their agenda , albeit in a grinding like fashion.

Lows being approached again, each break hasn't gone too far, which do course doesn't mean that the next one, if coming can't extend a bit.

The not so horrid breadth leads me to believe that we MAY get a bounce sometime from here forward, but it's a gamble trying to guess.

As you can see, I'm pretty much on the fence on this choppy summertime Friday


Stink breath super gurus and their classes

Hows that buy the gap down call (I'm sure its swept under the rug by now) for the morning today in the super gurus exclusive class that was done for good will (ROFLMAO) and about 25k a week plus profits from the front running?

Guess the fake testimonials won;t be rolling in so fast


New chat room coming soon, stay tuned.


Breadth getting better here

Breadth improving here despite the Spain news We are trying to form a bottoming pattern here, let's see if it turns out to be one tiny

Overnight lows

Overnight lows have been breached, but downside follow through has not been seen as of yet Breadth is -1600 so not on the Bulls side here tiny

Nice size gap down

Nice size gap down here to start the session Ill be watching for a buying op, but will give it a few minutes to settle in 1366 basis the S&P futures is the first upside level to watch tiny

Tuesday, July 17, 2012

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Bernanke at 10AM

Market holding the big push we had last night, and could be waiting until Bernanke is set to speak, which is 10AM Eastern.

1355- 1351.25 is the main overnight range to watch.

Short term numbers:  Resistance above 1355 is 1356.75, 1361, and  support on the downside at 1349.75, 1348.25 and 1347.50

These numbers are basis the S&P Futures

Have a great trading day


Monday, July 16, 2012

S&P 500 video for Tuesday, July 17th, 2012

Deep Purple - Perfect Strangers

Walk down

They are walking us down here early on, but we are right at key support from Friday, the exit point of the early coil in that session.

Bonds are rallying



Neck breaker move on the Euro after the Retail Sales number

Aggressive shorts get caught


Retail Sales

The Retail Sales numbers were just release din the US and it sent the market down to break the overnight lows, but only by a few ticks.

This could be a clean out to the downside, but an upside test of Friday's highs doesn't get started until we take out the 1350 level with some responsive buying.


Overnight range lows tested

We are testing the overnight lows here about 70 minutes ahead of the open in US equities

We aren't down much, but after the big day Friday, I am surprised we didn't at least try to test up to the highs sometime overnight. We've haven't been above the highs of the open Sunday night.

I'm watching for morning digestion, and early weakness would have me looking for at least a gap fill, if not a full retest back up to Friday's highs.  Of course, as always, confirmation is key.

Have a great day


S&P 500 video for Monday, July 16th, 2012

Friday, July 13, 2012

The lying stink breath super gurus

Don't you just love when the lying criminal front running pump and dump super gurus tell you how great they did?

What about all their predictions that went sour that you never hear about again? What about the small cap biotech pump and dump and front run that was super hyped to thousands of people, and then ignored when it belly flopped?  It was said to be "holding up well" when it as up .10 but now that its down over a dollar you never hear a word?

What about the FB front run? Buying in the private market, never disclosing it, and then saying tis a good opportunity to buy it?

these are CRIMINAL actions and these scumbags need to be reported to the SEC, FINRA, CFTC, NFA, FTC and your State Attorney General.  Have you been scammed by a den of thieves out west that call you and sell you overpriced personal coaching that is nothing more than a group of other victims being read things you can find on the internet for free?  I've helped people get their money back already (its amazing what happens when you call the phone number of the silent partners (read: scam artist) and inform them of your legal intentions) and I'll gladly help you.  Don't be a victim, get the money you were scammed out of back where it belongs, in your pockets, not in the nannies of these thieves!

Contact me

tiny at stockmarkettrendsx dot com


Tuesday, July 10, 2012

If these people can do it, what about the true scam artists?

Think long and hard before you put money into a hedge fund or partnership with scam artists who claim to have made mountains of of molehills in the late 90s early 2000 when everyone was making money.  They will ROB YOU. Don't say I didn't warn ya!


Measured move setup down near 1332


Buying op? ha!

I came into today looking for a buying op, but the gap up killed that off. We've now filled the gap and have a 10 point range in for the session.

We are approaching support at 1344.50 basis the S&P futures, followed by the lows from yesterday

Breadth is on the positive side, but hard to relaly clal it Bullish here.


Sunday, July 8, 2012

For those attending the special scam class tonight

Don't fall for any of the dirty tricks!

This will likely be a super hype fest about how well the special scam classes are going.  There will be no real direction given, just a l bunch of iffy this and iffy that so that there can be "as we said" claims later on.  Let them admit their losers

Don't BUY ANYTHING.  It's all a scam to get you to fork over money to pay for movies, trips, sushi and nannies.

Invest in your education, learn to use the tools that are available, DO NOT fall for fake track records, overhyped classes or seminars.  Refuse to be a pump and dump or front run victim.

If you feel you have been scammed, contact the FTC, SEC, FINRA, CFTC, NFA, and your State Attorney General.  Do not be a victim any longer, and save someone else from the scams!


Friday, July 6, 2012

July 6th

Nice sharp gap down to start the session

Will be looking for this to fade, at least 4 points back, but we'll see if the Bulls are going to show up or not

First resistance level is actually just shy of that 4 point target at 1352.50, which is a point of control from earlier this week (the 2nd)


Thursday, July 5, 2012

GOOG tags the 200

Nice tag of the 600 handle befire it backs off to end the day



GOOG acting very nice and strong here, as it heads back to the 600 handle. 

The 200 day moving average is just below that level at 599.54


Market update 7/5/12

Choppy going here but hey it is lunch time

Job Numbers on tap for the AM and there's no use guessing what the reaction will be

Does not lok like we had climax buying on Tuersday, so that suggests we stll have some upside to be seen to finish this off on the short term. The counter opinion to this is that we had the run up pre holiday to suck everyone in, only to trap them with a flush out, and an event like the Job Numbers is as good of a reason as any. 

My opinion remains that the Bull's have "control of the ball" here, but nothing moves in a straight line, and buy and sell "mini climaxes" are good for flushing out the weak participants, allowing the professionals to take profits and for setting up the next move.

Right now, we are seeing the ADX On the 5 minute S&P futures wind down, which will set us up for a nice move, eventually.  How many minutes in an eventually of course is the big question. I'd say after lunch, at a minimum.


Wednesday, July 4, 2012

S&P 500 video For Thursday, July 5th, 2012

Happy Independence Day

Happy Independence Day everyone.  I hope you are enjoying your time with your family, friends and loved ones.  And please, I hope you didn't use your children as guilt leverage in order to jam your way into your sibling's homes and parties.  If you did you are just shameless. They don't want you over for a reason, deal with it.

It's amazing that when I was working for a thieving maniac, I would get berated and criticized if I ever called a trade for anything less than a few points.  Now? .70 gains are being hailed as phenomenal returns!  
Don't fall for the scam folks.  Claim your Independence from the pump and dumping, front running thieving cretins that gamble with your money, then use it to pad their high society living accounts

By the way, I can only be berated for so long.  Eventually I gave up, and told my wife that I was just going to go off and when I get fired we would just start over.  It was easy, it was before I had kids and big obligations.  The weirdest thing happened.  Since this scumbag was nothing but a bully (still is) he cowered  It wound up being the best thing that ever happened to me, as I took back the control I deserved and got several great years out of it until I couldn't take the scams going on in front of me.

Anyway, my story of Independence on a great 4th of July 2012