Here's how we are looking at the start of the new year.
Big gap up, no fade. We hit a new high off the ISM index at 10AM and it came with a new high in $TICK. form there, we came 1 tick shy of the overnight highs, with a pretty decent $TICK divergence. From there, we had a small decline, but nothing that would shake the Bulls out, it was less than 3 points basis the S&P Futures.
What does it look like from here? Well RIGHT NOW, it looks boring, but that doesn't mean it can't change later on The Bulls are in control and trying to make up for lost time after printing the doji for 2011.
As of now, dips should setup buying opps.
tiny
Tuesday, January 3, 2012
Late start
Late start today, but looks like I havent missed much, and even if I did, I have all year to make up for it!
Big chunky gap up to start the year, although we don't look like we are in a rush to go anywhere.
Breadth is strong, no reason to fight this here.
We have faded a bit form the overnight highs, but since the day session open, it's been all Bulls.
For now, we are looking to set the first 30 and 60 minute ranges, and then from there, we'll see if we can get some sort of trending movement
tiny
Big chunky gap up to start the year, although we don't look like we are in a rush to go anywhere.
Breadth is strong, no reason to fight this here.
We have faded a bit form the overnight highs, but since the day session open, it's been all Bulls.
For now, we are looking to set the first 30 and 60 minute ranges, and then from there, we'll see if we can get some sort of trending movement
tiny
Monday, January 2, 2012
For Tuesday
My first day on antibiotics is in the books, so if I feel like getting up on time, I'll see you at the open. If not, it'll be late to start the new year
tiny
tiny
Let’s Master the Stock Market in 2012
Hey, one of my buddies Mike Swanson at WallStreetWindow.com just put out this video about winning and losing in the stock market. It’s a new year and a great time to stop and think about what to do to win big in the market and make this year better than the last one. This year can be a big one if you prepare right for it. Check it out:
Mike used to run a highly successful hedge fund and breaks down exactly how he beat the market and the type of mindset and strategies that are best to use, funny thing is they are simple too:
This is the real deal and watching this and taking action on this is a great way to start out this year on the right foot and make it a great investment year for you:
All the best in your trading for 2012
Michael tiny Saul
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