Friday, March 30, 2012

Sunday Night Strategy Session

100% free to attend.  Sunday night 8PM eastern

Join the mailing list at http://stockmarkettrendsx.com to receive directions on how to join.  Directions will be sent Saturday and Sunday (twice as the session draws near)

There's a 20 minute lecture by yours truly, followed by question and answer where you get to give me stocks to provide analysis on.

Again, join the free e-mail list at http://stockmarkettrendsx.com and you will be sent directions on how attend the Sunday Night Strategy Sessions. 

I'll see you Sunday night

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Thursday, March 29, 2012

S&P 500 video For Friday, March 30th, 2011

Just freaking awesome

http://news.yahoo.com/blogs/sideshow/man-sings-bohemian-rhapsody-police-car-being-arrested-193858892.html

The perfect title!

See, if I were a super guru I'd file yet another fraudulent lawsuit and be screaming how they stole this from me!

"I was going to make this movie" I'd be screeching to my fake fan base.  It's amazing how delusional they can get isn't it?

I had one nut tell me they stole The Apprentice and Shark Tank from him.  I asked if he submitted the ideas and he said "well no, but..."

Yes, and they stole the idea for Google from me I guess....

Anyway, check it out, I'd love to live here as an experiment

http://tiny-themovie.com/


Monday, March 26, 2012

Audioslave - Like A Stone

March 26th

Nice size gap up to start the day.  We have a 10AM Economic number.

S&P Futures resistance 1404.50-1405.50

Above that 1408 is high for the year

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Sunday, March 25, 2012

Wednesday, March 21, 2012

The worst trading webinar ever

I'm listening to a trading webinar and it is so completely terrible that it's laughable.

It's amazing how these people are hired and so that their loser bosses don't have to work.

They should be ashamed, but they have no shame left.

It's amazing how the customer means so little to these thieves that they just throw anyone into a webinar software program and tell them to talk. 


1397.25

1397.25 basis the S&P Futures is Tuesday's point of control



 Chart courtesy of Market Delta

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Wednesday March 21st

No real gap as we open up just a few ticks

1398 is short term support basis the S&P Futures, 1402.25 short term resistance

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Friday, March 16, 2012

Sunday Night Strategy Session FREE For all to atend

Go to http://stockmarkettrendsx.com and join the mailing list to receive instructions on how to attend.

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Tuesday, March 13, 2012

S&P Video for Wednesday, March 14th, 2012

New highs for 2012, but are the signals all clear for higher prices from here?

Part of the big news from Tuesday was the $VIX.X hitting a  new 5 year low on the session. Complacency is rampant, but that in no way suggests we've gone up as far as we are going to.  I remain bullish here, but there are definitely some things to take note of:
 
The Russell 2000 continues to lag overall.  While it outperformed last week and did great on Tuesday, it's still below the highs of the year as well as the 2011 highs. This can change quickly, but for now, it sticks out to me like a sore thumb.
 
Breadth is not confirming.  Stocks are the dog, the index is the tail.  The fact that breadth did not expand with Tuesday's move is something to be taken note of.
 
The $VIX.X is at a 5 year (or so) low.  As mentioned earlier, it's not enough to call a high (nothing on the list is) but it isn't something to get excited about if you are bullish either. 

My levels to watch have been (are you coming to Sunday Night Strategy Sessions?) all time highs on the Dow, S&P 500 (if we hold 1381.50) and Russell 2000, as well as 2793.45 on the NASDAQ 100. I still don't believe we get there in one move, but obviously, what I think and what happens can often times be diverging!

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Ok that was fast

Market decided for me breaking out of a late day flag here

Look for highs to be eclipsed

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And Now?

FOMC out of the way, and an initial pop to the upside has been faded

Not in a rush to die here, and the breadth is still strong and the market firm, despite being off it's highs

See what they do with the last hour here. I'd love to tell you I have a firm opinion, but I just don't here.  We could have our work done after hitting that 1381.50 number basis the S&P cash., but we sure aren't chomping at the selling bit here to confirm that opinion.

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1381.50

1381.50 gets tagged before the FOMC.

does this mean we sell off after the announcement?

Obviously, it;s guessing before hand, we'll leave that to the bad breathed super gurus.

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Monday, March 12, 2012

S&P 500 Video For Tuesday, March 13th, 2012

Who Knows A Super Guru Like This? LOL


Euro

The Euro has been messy here lately, and the last move was a breakout that failed.  The 50 day moving average is holding for now, but a test of the lows is not out of the question if this range gives way.



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Saturday, March 10, 2012

How to bust a trading slump

I just posted a new article on how to bust a trading slump

check it out here: http://stockmarkettrendsx.com/how-to-bust-a-trading-slump

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Friday, March 9, 2012

Small gap


Small gap got a small fade, now we look like we want the overnight highs
they were rejected pretty swiftly so not sure how far we go above them if at all

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Thursday, March 8, 2012

Coiled

Just received an email asking about this one.  It's coiled and ready to move.  Lean is to the upside, will it break?

                                                                                   QCOR

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S&P 500 Video for Friday, March 9th, 2012

Nice size gap up

Nice size gap up to start the day

the SPY has field it;s gap form Tuesday

Don;t forget, today is contract rollover for Index futures, among others.

Ill be watching for a fade here but giving this open some time to play out

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Wednesday, March 7, 2012

S&P Video for Thursday, March 8th, 2012

Not out of the woods yet

Market is clearly up here, and the Bulls are in control for the time being, but they are far form out of the woods.  Remember, that's where the Bears live!

This is still corrective to yesterday's downside, so be on guard for a down side move

I'm not saying that it's a fade RIGHT here, just be careful with getting too complacent

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Chopperific

No fade to speak of, and after a breakout of the first 90 minutes of range, we've just been chopping around going nowhere fast.

The ultra-short term oversold reading into yesterday's close got it's move, but the Bulls still have work to do to get this back in the right direction on the short term.

The gap fill from yesterday is a good first start. The QQQ already got there, and the IWM is back above it's 50 day

Good breadth reading here suggests that the dip buyers were in the house early, but the question now is do they stick around to the close?

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Nice size gap up

Nice size gap up to start the day.

I'll be watching it for a fade, at least 50% back if not to a full gap fill

 Could yesterday be a one day wonder? Yes, but more than likely, we will get some sort of test back down

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Tuesday, March 6, 2012

S&P 500 video for Wednesday, March 7th, 2012

About to get ugly?

If the Bulls are going to try for a rescue team effort, they need to step in sooner than later

Either way, the volatility should get juiced here

Afternoon session is in play!

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Is turnaround Tuesday out of the question?

The whole turnaround Tuesday concept is not as strong as many will have you believe.

Price action first, along with internals rule, not silly super gurus and their (not really) free books and seedy commercials

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And now?

If this turns into a midday channel type of a pattern, it could market the half way point from where we are going this afternoon

Hard to imagine considering we haven't had a week, never mind a day like today this year

Not out of the question, but definitely too early to guess that that will be what happens

Breadth is still a horror show and we are getting no lift here, just sideways consolidation

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AMZN

AMZN is Amazonazing to me, as the market gets cracked this is actually up on the session, for now.

This has been showing relative weakness for a while, so that's what's surprising me the most about today.

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Lows in?

There's a case to argue that the lows are in for the day, but it's not a strong one.....yet.

The NASDAQ and Russell put in higher lows as the S&P matched its low of day.  this is good.

Breadth is still hideous and downside volume is swelling.  This is bad.

The Russell is below its daily 50 day, and the S&P 500 is below it's 20 period exponential moving average for the first time since December 20th.  This is bad.

Getting above the highs of day on the indexes is a good start, but we'd still be down a good chunk on the session.  An in sync break to new lows here after the first hour would not be good for the bullish argument, and suggest that we could have a solid bear trend day.

I stated in one of my daily emails last week (get on the list by signing up at http://stockmarkettrendsx.com) that one or a few down days could wipe out a few weeks of gains, which if today holds, will be the case.  That's what can happen in a grinding market.  The complacency definitely caught some flat footed today, and the dip buyer are being punished, at least for now, but there's a long way to go.

By the way, don't take that as bragging, I also said I don't think we get a deep pullback before the Job Numbers and it looks like unless there is a rescue team effort, I am going to be wrong.

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Ugly start

An ugly start to today's session.

Breadth is horrible and the fade has done nothing....so far

A changing of the guard, or just a buying op here?

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Russell 2000

The clear downside leader on the daily chart (broke a multi-week range on Friday), the small cap leader, Russell 2000 is headed for it;s daily 50 day moving average.

Let's see what we do as we get there.

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Sharp gap down

A sharp gap down to start Tuesday's session

I'll be watching for a fade

1147.75 is short term support, let's see if we trade to that early and of course, it holds.

Watching 1148 (one tick above) AFTER the open

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Friday, March 2, 2012

Gap Down

A gap down to end the week, and after a further push lower, we are trying to get a bounce here

Just because we were inside yesterday, doesn't mean we can't chop around today.  I'm not expecting much movement ahead of the weekend.

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Thursday, March 1, 2012

I'm back!

I got back late last night form my 1 on 1 mentorship in Dallas, Texas.  Here's my review of Dallas:

I want to live there.  Yup, that's it!

 It looks like I got back just in time too!  The market decided to wait for me to get the sand out of my eyes this morning (the flight was delayed, that's my excuse!) and coil up, which it's doing right now.

It's doubtful we stay this way all day, so a we head to lunch, don;t be surprised if we try to make a move.

If not, there will likely be one in the afternoon.

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