Tuesday, July 31, 2012
Monday, July 30, 2012
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
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
Thursday, July 26, 2012
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
Wednesday, July 25, 2012
Tuesday, July 24, 2012
Monday, July 23, 2012
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
Sunday, July 22, 2012
Friday, July 20, 2012
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
Guess the fake testimonials won;t be rolling in so fast
REFUSE TO BE A VICTIM!
New chat room coming soon, stay tuned.
Tuesday, July 17, 2012
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
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.
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
Friday, July 13, 2012
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!
tiny at stockmarkettrendsx dot com
Thursday, July 12, 2012
Tuesday, July 10, 2012
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.
Monday, July 9, 2012
Sunday, July 8, 2012
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
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
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
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