A few ticks away from my target. Still can get there, and I still think it does
tiny
Friday, September 30, 2011
Nice size gap down
And again, a nice size gap to start the day
I'll be stalking a fading opp here
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I'll be stalking a fading opp here
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Thursday, September 29, 2011
A brutal day in Tinyville
My cycle is now completely messed up.
I was up until 4AM Thursday, then slept through the gap.
Two of my three boys are sick, as is my wife who went to work after going to the doctor. I haven't caught it yet, and most likely won't- why? Because then I can be the one to take care of everyone else. I'm no nurse, so it will be a fumbling, bumbling, Keystone Cop mess if that's the case.
I went to bed at 6:30 and got up at 9, so now Im awake again, starving since I haven't eaten since lunch and as it takes about 10k calories a day to keep the shape I'm in, now what? Eat at 10:15 at night? No, try to write a blog post and do the videos to keep me from eating, but it wont.
To top it all off, Demi and Ashton are "allegedly" calling it quits? Unreal.
tiny
I was up until 4AM Thursday, then slept through the gap.
Two of my three boys are sick, as is my wife who went to work after going to the doctor. I haven't caught it yet, and most likely won't- why? Because then I can be the one to take care of everyone else. I'm no nurse, so it will be a fumbling, bumbling, Keystone Cop mess if that's the case.
I went to bed at 6:30 and got up at 9, so now Im awake again, starving since I haven't eaten since lunch and as it takes about 10k calories a day to keep the shape I'm in, now what? Eat at 10:15 at night? No, try to write a blog post and do the videos to keep me from eating, but it wont.
To top it all off, Demi and Ashton are "allegedly" calling it quits? Unreal.
tiny
2 way trading
As expected, we are seeing some nice 2 way trading here. A nice chunky gap up that was filled to the tick, and then a nice bounce half way back.
Volume is a little lighter than yesterday, which was the lowest in a week.
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Volume is a little lighter than yesterday, which was the lowest in a week.
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Wednesday, September 28, 2011
took a while
It took a little while, but we got the further downside
Getting hit here pretty good, showing some nice volume down here
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Getting hit here pretty good, showing some nice volume down here
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Got the new lows
Got the new lows as the $TICK forecasted, but the downside does not look like it;s over. Watching for a short entry as this bounce fizzles
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Just back
Just getting back and I see it was a "missable" gap, but now we seem to be under some pressure
Breadth is not nice here at -1560s and the last TICK low suggrests we have more downside to be seen
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Breadth is not nice here at -1560s and the last TICK low suggrests we have more downside to be seen
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Tuesday, September 27, 2011
It should be a tradable gap on Wednesday
Why?
I wont be here!
Commitments in the AM mean I wont be in front of command central until 1:30 or so.
the blog will be dark until then.
trade well!
tiny
I wont be here!
Commitments in the AM mean I wont be in front of command central until 1:30 or so.
the blog will be dark until then.
trade well!
tiny
Not a wide range
We are only in an 11 point range for the day, which is not that wide, especially as of late.
tiny
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RHCP in honor of the market
Sorry you have to deal with Arsenio Hall
Im an old school chili Pepepr's fan, newer stuff I'm not a big fan of, but the hit the album before this was good
tiny
Market update
We ran smack into resistance on the S&P Futures, and so far have seen a small rejection, but nothing to speak of.
We've entered the lunctime doldrums time zone, which means we could get a pull back here, as we digest the morning run up, but so far there is nothing pointing to a reversal. Breadth is very strong.
The NDX is still lagging, but that can last for weeks.
Not changing my bear market opinion, but we are in the middle of a squeeze here, and it needs to be respected.
tiny
We've entered the lunctime doldrums time zone, which means we could get a pull back here, as we digest the morning run up, but so far there is nothing pointing to a reversal. Breadth is very strong.
The NDX is still lagging, but that can last for weeks.
Not changing my bear market opinion, but we are in the middle of a squeeze here, and it needs to be respected.
tiny
Big resistance here
We are above the first horus highs, but we are into a big balance area here from 9/21
Let's see if we stay strong here.
breadth is very strong.
tiny
Let's see if we stay strong here.
breadth is very strong.
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Different day, almost same story
NASDAQ 100 is lagging, but volume at least is higher than yesterday
Russell once again is strong
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Russell once again is strong
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First half hour ready to close
With the exception of a little pull in, the market has been on fire the first half hour.
Breadth is exceptional, and although it is only the first half hour, I will give it some weight when it is its skewed.
I still tihnk we get a fade of something, although we came just shy of the 4 point I like to look for, so is it already work done?
I don;t know if we tank, but I still see us pulling in a bit more here off a fade, but waiting for a soolid entry.
We have some exhaustion buying up here, so with a divergence a fade could set up here.
tiny
Breadth is exceptional, and although it is only the first half hour, I will give it some weight when it is its skewed.
I still tihnk we get a fade of something, although we came just shy of the 4 point I like to look for, so is it already work done?
I don;t know if we tank, but I still see us pulling in a bit more here off a fade, but waiting for a soolid entry.
We have some exhaustion buying up here, so with a divergence a fade could set up here.
tiny
Big, bulky, gap up
Watching for a fade here, may want to digest a bit, buit this is a veyr large gap up, and needs to be watched for a fade entry
tiny
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Monday, September 26, 2011
Calling a bottom......really?
I've read a bunch of stuff tonight from folks suggesting the lows are in, or at least the lows for a while, of course hedging that we will go back down eventually. Most of the reasoning is "we had every chance to take out the lows, and we didn't. We stayed firm Friday and Monday's action was bullish".
Monday's action was mildly bullish, not even good. Every chance to go down? We got crushed Wednesday and Thursday last week, we are taking a breather.
Here are my reasons why it wasn't even close to a great day for the Bulls on Monday:
1) Where was the volume?
2) Where was the NASDAQ 100? It lagged after being the clear leader these past few weeks.
Need any more reasons? I don't.
I think that we were up Monday because there is a plan (whether its good bad or indifferent doesn't matter) to save the Eurozone, and we have some Window dressing kicking in.
I'm not calling this a bottom yet. I still think we will take out the lows and at a minimum test 108.84 on the SPY. For now, I'm calling it a dead rat bounce.
tiny
Monday's action was mildly bullish, not even good. Every chance to go down? We got crushed Wednesday and Thursday last week, we are taking a breather.
Here are my reasons why it wasn't even close to a great day for the Bulls on Monday:
1) Where was the volume?
2) Where was the NASDAQ 100? It lagged after being the clear leader these past few weeks.
Need any more reasons? I don't.
I think that we were up Monday because there is a plan (whether its good bad or indifferent doesn't matter) to save the Eurozone, and we have some Window dressing kicking in.
I'm not calling this a bottom yet. I still think we will take out the lows and at a minimum test 108.84 on the SPY. For now, I'm calling it a dead rat bounce.
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SPY at resistance
The SPY is at resistance highlighted in last nights video.
Above here and a full gap fill from Thursday is expected.
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Above here and a full gap fill from Thursday is expected.
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Bearish, and so far, wrong
My 1122.50 level on the downsdie was not hit, so we held the line in the sand. My longer cycle work (still intra-day) suiggests the downside isnt over, but breadth is not agreeing
tiny
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Into resistance
S&P Futures hit the 78.6% Fibonacci retracement of the all sessions range
So far, rejection, but watching for a test back up with volume divegrence for a short signal
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So far, rejection, but watching for a test back up with volume divegrence for a short signal
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Line in the sand
The line in the sand here is 1122.50 which is the 78.6% Fibonacci retracement of the overnight range.
A break below that suggests a full retracement down to the overnight lows at 1115
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A break below that suggests a full retracement down to the overnight lows at 1115
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Breadth not horrid but negative for sure
Breadth now falling to -700, and we are not showing any signs of price stabalizing
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An active overnight session
We had a nice wide range in the overnight session. We quikcly ramped off the Sunday night open, and then fell own to Friday's lows, before ramping back to new highs.
That's a nearly 36 point range in the overnight session.
We are now off the highs, and still gpaping up 9 or so points. I'll be watching for a fade off the open, looking for a half a gap fill to start, followed by a full one.
As always, I will wait for confirmation.
tiny
That's a nearly 36 point range in the overnight session.
We are now off the highs, and still gpaping up 9 or so points. I'll be watching for a fade off the open, looking for a half a gap fill to start, followed by a full one.
As always, I will wait for confirmation.
tiny
Sunday, September 25, 2011
Saturday, September 24, 2011
Euro News
http://www.telegraph.co.uk/finance/financialcrisis/8786665/Multi-trillion-plan-to-save-the-eurozone-being-prepared.html
Friday, September 23, 2011
Volume on the light side
Volume is traidng light as the market digests the last few sessions
Still tihnk we test the overnight highs, but just got a gorgeous TICK and breadth divergence on the last set of highs
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Still tihnk we test the overnight highs, but just got a gorgeous TICK and breadth divergence on the last set of highs
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Breadth
Breadth still bullish at +1k, and upside target is still overnight highs.
So far, nice size pull in from the highs
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So far, nice size pull in from the highs
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Missed one
Missed the 1130.50 level for redistance based on the swing down form the overnight highs to lows
Above those highs 1131.75 would be next reistance
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Above those highs 1131.75 would be next reistance
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Short term volume climax
Getitng short term volume climax up here on this push, but no signal for me unless theres a divergence
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Short term resistance
Short term reistance at 1124.50 holds, a take out of that level suggests a test of highs to be seen
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Market- a quick look
Push up filled the gap plus a little bonus, but cycle work with volume divergence stepped in and sent us back down to test 78.6% of the early range
Breadth is basically flat.
Recent lows at 1116.25 must hold or a retest of lows is expected
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Breadth is basically flat.
Recent lows at 1116.25 must hold or a retest of lows is expected
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Early volatility
Wide range chop is the model, and so far it's sticking to it
Breadth is not horrid at -300s, but it's early
Still think gap fill gets done we are close here
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Breadth is not horrid at -300s, but it's early
Still think gap fill gets done we are close here
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climax volume into the gap fill
Got a volume push into the gap fill
next time up with a divergence Ill be watching for a shorting op
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next time up with a divergence Ill be watching for a shorting op
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Open
Nice fade so far, but we haven't gone green yet which is the target
1123 short term resistance, and then 1125.50 which fills the gap + a little bit
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1123 short term resistance, and then 1125.50 which fills the gap + a little bit
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Thursday, September 22, 2011
breadth is the foot on the market's neck
Lots of signs that we are fishing for a low down here, but breadth just simply won't get off the floor
very tough here, as we are over shooting support
Scalps are all the long side is worth- for now, but this cna change quickly
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very tough here, as we are over shooting support
Scalps are all the long side is worth- for now, but this cna change quickly
tiny
Another higher low or will we get the new lows?
The double bottom held for a few points, then got whacked
Breadth has improved off it's lows but still -2300s, not the kind of level that a rally comes from.
Big question for now is do we test the lows or put a higher low in
Either way, we are not seeing much bullish participation here.
My cycle work suggests lows to be kissed at th least
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Breadth has improved off it's lows but still -2300s, not the kind of level that a rally comes from.
Big question for now is do we test the lows or put a higher low in
Either way, we are not seeing much bullish participation here.
My cycle work suggests lows to be kissed at th least
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chopping around
Won't stay choppy for long here
Let's see if we get a move .
Breadth is nasty upside will still be limited
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Let's see if we get a move .
Breadth is nasty upside will still be limited
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Breadth
Nice bounce of a slightly higher low double bottom here
Breadth is -2400s, which is anything but bullish
We are getting a reactive bounce, that's all for now. 1133 confirms a small double bottom
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Breadth is -2400s, which is anything but bullish
We are getting a reactive bounce, that's all for now. 1133 confirms a small double bottom
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Higher low?
Could print a higher low in here, but I don't think we do, I think we at the least test those overnight lwos, and likely break them by a smidgen, but we'll see soon enough
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So far
A bounce straight off the open
Still think we have a chance to cycle back down before we get the real bounce, if it's coming
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Still think we have a chance to cycle back down before we get the real bounce, if it's coming
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Panic Mode
Everyone is screaming bloody murder here as the S&Ps are CRUSHED. They were down over 30 points, but have eased a bit and are only down 29 as I type this.
We are right around the level that the last bounce started from. I'm not bullish here, and haven't been for WEEKS, but I'm not changing my plan for the day, and still believe we can consolidate in the AM and that there can be an opportunity for a TRADE down here on the long side, with the proper confirmation. I'll likely be waiting for at least the first 5 minutes to be traded.
My 1143 number is out the window, and I'm now watching to see if we cna test those overnight lows at 1120.
Stay calm, take a deep breath, and if the volatility is too much for you, stand aside and wait for it to subside.
tiny
We are right around the level that the last bounce started from. I'm not bullish here, and haven't been for WEEKS, but I'm not changing my plan for the day, and still believe we can consolidate in the AM and that there can be an opportunity for a TRADE down here on the long side, with the proper confirmation. I'll likely be waiting for at least the first 5 minutes to be traded.
My 1143 number is out the window, and I'm now watching to see if we cna test those overnight lows at 1120.
Stay calm, take a deep breath, and if the volatility is too much for you, stand aside and wait for it to subside.
tiny
Wednesday, September 21, 2011
Forgot this one on the video tonight
This one is a strong one, but a shooting star in Wednesday's session puts the upside in question
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More breaking news
R.E.M. broke up? I had no idea they were still together. When was the last time they did an album?
What's The Frequency, Kenneth and Man On the Moon are the best
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As of right now....
We have an ultra-short term bounce indicator for tomorrow, at least at or near the opening
It's too crazy here to hold overnight, as the draw down could be intense, but if we have weakness in the AM, it could be a nice buying opp FOR A TRADE. Not looking for anything past that.
More later on the video
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It's too crazy here to hold overnight, as the draw down could be intense, but if we have weakness in the AM, it could be a nice buying opp FOR A TRADE. Not looking for anything past that.
More later on the video
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1173, 1176.25
Basis the S&P futures- 1173 and 1176.25 are next levels if we do get a continued bounce are resistance levels to watch
1165 support on the downside
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1165 support on the downside
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New lows
New lows, and picking up some divergences here but breadth is lame and we are in no rush to get any bounce of substance
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Hold or fold?
This is kyey support here, do we hold it, break it, or most deviously, break and then remount
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A bootiful fade!
Fade out of the way, now we'll see who steps in here and takes in charge for the afternoon
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Quick spike up
Quick spike up followed by a flush. Now let's see what happens as they are trying to stabilize
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And of course...
Since I decided to take a rest instead of sitting in front of command central over here and getting some writing done, that cycle I mentioned happened to be a clean, no sress down move
Ah well, if I was here trading it I'm sure I would have gotten shaken out a few times, that's the way it goes!
tiny
Ah well, if I was here trading it I'm sure I would have gotten shaken out a few times, that's the way it goes!
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AAPL
Price target was raised, but unless yesterday's highs are taken out, still looks like it's due for a rest.
It's not a "short at any price" trade like some are saying, but it's one to watch for sure, especially after the Fed news is digested
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It's not a "short at any price" trade like some are saying, but it's one to watch for sure, especially after the Fed news is digested
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Done until the Fed
I'm done until the Fed announcement, but we don't look very good here.
Intra-day cycle work is saying we go lower from here, but I don't expect much ahead of the announcement.
Breadth is also poopy, but nothing too sharp.
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Intra-day cycle work is saying we go lower from here, but I don't expect much ahead of the announcement.
Breadth is also poopy, but nothing too sharp.
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No fade
No gap of any size today. it was aroudn .75 I tihnk, but it was defintiely not the 4 point minimum I require
I am watching this first push up for a possible short, but I'm not going to guess at it
1200 is short term resistance, lewt's see how we act there
tiny
I am watching this first push up for a possible short, but I'm not going to guess at it
1200 is short term resistance, lewt's see how we act there
tiny
Tuesday, September 20, 2011
Not a fan of the breadth
I'm not a big fan of the breadth here. It's still bullish, but if we are set for a further move higher, I'd expect it to be better
So far, cycle reistance is holding
tiny
So far, cycle reistance is holding
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Overnight highs are now expected
So much for the grind model!
Market just ripped it up to new highs, and the overnight highs are now expected to be tested
Gap fade was just a place for the bulls to reload
If breadth were stronger, I would have a higher target, but its still bullish and strong enough to get the job done on the short term.
From there, it's time to re analyze
We are a few ticks off the highs as I finish this up
tiny
So far...
So far it's a pretty "by the book" day.
The gap faded, and then we got the push up off the residual momentum form the pre market
What's the book say for the rest of the day?
Small dips from here holding support and a grind it higher to try the overnight highs.
I don't want to make it sound like voodoo, it's just a short term model and it's just a background, the price action always has the true authority
Breadth is mediocre and doesnt support a strong rally yet
tiny
The gap faded, and then we got the push up off the residual momentum form the pre market
What's the book say for the rest of the day?
Small dips from here holding support and a grind it higher to try the overnight highs.
I don't want to make it sound like voodoo, it's just a short term model and it's just a background, the price action always has the true authority
Breadth is mediocre and doesnt support a strong rally yet
tiny
highs
Highs of the day sesison are being printed here, and 1211.50 is the overnight high, basis the S&P Futures obviously
volme divergence and lack of demand up here suggesting we pull in, but it may not be much of a pause
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volme divergence and lack of demand up here suggesting we pull in, but it may not be much of a pause
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1198 holds- for now
The first try to get back above 1198 was thwarted, and now they are trying again.
The FOMC tendency is not in stone as an "always", despite what some crooks will have you believe, and the market did have the upside last week. Still, I think there is a better than average chance we at least try to trade higher into the afternoon tomorrow, but it may be a grinding affair.
It's very choppy here and breadth is slightly negative, and if it stays this way, I'kll be taking a mid morning nap!
tiny
The FOMC tendency is not in stone as an "always", despite what some crooks will have you believe, and the market did have the upside last week. Still, I think there is a better than average chance we at least try to trade higher into the afternoon tomorrow, but it may be a grinding affair.
It's very choppy here and breadth is slightly negative, and if it stays this way, I'kll be taking a mid morning nap!
tiny
Fade and breadth
Fade is working out nicely, and breadth which opened in the +1000 range is now down to +100s, and quickly
Usually I like to wait at least 1/2 hour before giving much weight to internals unless it is really skewed (which +1k is not), so it's just a quick observation
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Usually I like to wait at least 1/2 hour before giving much weight to internals unless it is really skewed (which +1k is not), so it's just a quick observation
tiny
Gap filled, and now?
Gap was filled pretty quickly, so not let's see if the bulls step back in or if they were just interested in the pre market
Above 1198 is short term inflection, but it needs to get above it with some range and volume and then see how it does at the opening price
tiny
Above 1198 is short term inflection, but it needs to get above it with some range and volume and then see how it does at the opening price
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So much for the gap down
The market shook off the Italy downgrade, which isn't a real surprise, and the market is gaping UP instead of down to start the session.
I'm looking to fade it, but will watch to see how it holds as it is day 1 of the FOMC meeting, and as stated yesterday, there is a bullish tendency into the announcement , set for tomorrow
tiny
I'm looking to fade it, but will watch to see how it holds as it is day 1 of the FOMC meeting, and as stated yesterday, there is a bullish tendency into the announcement , set for tomorrow
tiny
Monday, September 19, 2011
Glad I was patient, because I was WRONG
There was no trigger for me to get short, although one would have been nice for a scalp at 1195 the first time around.
The volume pattern kept my "powder dry" as they say and we are trying to claw our way back. Breadth is still -1700 and we are still down 15, but we have almost an hour to go until the futures close.
New TICK high here may be a short term climax, but for now, I'm standing on the sidelines awaiting a better entry.
tiny
The volume pattern kept my "powder dry" as they say and we are trying to claw our way back. Breadth is still -1700 and we are still down 15, but we have almost an hour to go until the futures close.
New TICK high here may be a short term climax, but for now, I'm standing on the sidelines awaiting a better entry.
tiny
Stack up the reasons
Reasons I like us lower:
No gap fade
Breadth -2k
time of day
Of course, I can have all the opinions I want, but I have no trigger here so I'm on the sidelines awaiting one.
2 day FOMC starts tomorrow, so early weakness could make for a nice buying opp
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No gap fade
Breadth -2k
time of day
Of course, I can have all the opinions I want, but I have no trigger here so I'm on the sidelines awaiting one.
2 day FOMC starts tomorrow, so early weakness could make for a nice buying opp
tiny
1191.50
1191.50 is the 78.6% Fibonacci retracement of the last swing down off the highs. if its broken and held, new highs are then expected
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As Im finishing this up, we broke but can't hold- yet
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As Im finishing this up, we broke but can't hold- yet
Waiting.....
Waiting for a short signal up here, so far no dice
Still is my opinion that we head back down, but not going to jump in randomly
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Still is my opinion that we head back down, but not going to jump in randomly
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Still think we have more downside to be seen
Lack of gap fade and the breadth still being pretty awful at -2k.
Volume is not firm on these small bounces, which suggests we want to retest down.
Whether we get the lows or not is not clear here, but the patterns in price and volume do suggest lower from here
tiny
Volume is not firm on these small bounces, which suggests we want to retest down.
Whether we get the lows or not is not clear here, but the patterns in price and volume do suggest lower from here
tiny
Still down 20
We are still down 20 points here basis the S&Ps, but we are above the opening range, which is the first signs of a good bounce
New TICK highs just now
Breadth coming off it's bottom, but still -1900s, so its hard to get bullish here for more than a scalp- for now
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New TICK highs just now
Breadth coming off it's bottom, but still -1900s, so its hard to get bullish here for more than a scalp- for now
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Stalking this next push down
I'm stalking this next push down for a volume divergence for a long side scalp
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This push up
Watching this push up closely for a shorting op for one more move back down.
Will wait for confirmation
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Will wait for confirmation
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Breadth getting a little better
Breadth is getitng a little better here, but it's still very bearish at better than -2k
Looking for a retest down here once again, let's see how far it gets
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Looking for a retest down here once again, let's see how far it gets
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Divergence! Divergence!
TICK and volume divergence at the lows, one more push down that holds is a possible long side opportunity
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Low volume push
I'm seeing a low volume push here into these highs which suggests we retest down a bit.
Not clear if we retest the lows or not.
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Not clear if we retest the lows or not.
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Two screw ups
Stop should have been under 1182, I was way too tight with it
Should have waited for volume pattern, which signaled 1182.50
Could have been worse (I could have bought the open), and glad I stuck to my plan and saw the early move, if not the second one
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Should have waited for volume pattern, which signaled 1182.50
Could have been worse (I could have bought the open), and glad I stuck to my plan and saw the early move, if not the second one
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I didn't let volume lead me
I don't know if this is the good entry or not, but 1182.50 was my new signal (I didnt take) based on a nice fat volume divergence that started with the flush out into 1183
I didn't let the volumje lead me, as I was too quick to see the big gap, but it was small risk
Target would be 1186.50, but like I said I'm not in at the 82.50
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I didn't let the volumje lead me, as I was too quick to see the big gap, but it was small risk
Target would be 1186.50, but like I said I'm not in at the 82.50
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1185.25
1185.25 looks like a short temr inflection point for the upside
If we can get above that, we have a chance for a that first 1187 target (which isn't saying much) and then maybe a push to the low 1190s
Need to get above 1185.25 with some volume, but so far, there's not many takers on the long side.
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If we can get above that, we have a chance for a that first 1187 target (which isn't saying much) and then maybe a push to the low 1190s
Need to get above 1185.25 with some volume, but so far, there's not many takers on the long side.
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Early analysis
My early analysis of a test down to below the overnight lows waas correct, but my call for a fade low was off by a few points so far, and the way we are looking it might be more than a few as breadth is putrid, but it is early
I'm starting to get volume signals that a bounce is coming, but the early one was only 4 points, so not expecting much if we do get one. Short term target would be 1187 based on that measurement
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I'm starting to get volume signals that a bounce is coming, but the early one was only 4 points, so not expecting much if we do get one. Short term target would be 1187 based on that measurement
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Wrong below 1184
Below 1184 basis the S&P minis and I'm wrong on my analysis
So far there isn't much buying pressure here but we are trying to shake and bake it appears
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So far there isn't much buying pressure here but we are trying to shake and bake it appears
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Would like to see new lows
I would like to see new lows below the overnight lows to clean this up
It's not an auto buy there, but I'll be stalking a setup if that does occur.
tiny
It's not an auto buy there, but I'll be stalking a setup if that does occur.
tiny
Sharp gap down, watching for a fade
We have a nice sharp gap down to start the session.
Since we are so close to the lows from the overnight, my initial strategy will be to see if we get a test back down early, and then look for a fade op from there.
If not, I'll move to a different setup, as with a big gap such as this, I don't need to catch the exact opening low to make gains if it does fade.
tiny
Since we are so close to the lows from the overnight, my initial strategy will be to see if we get a test back down early, and then look for a fade op from there.
If not, I'll move to a different setup, as with a big gap such as this, I don't need to catch the exact opening low to make gains if it does fade.
tiny
Sunday, September 18, 2011
Friday, September 16, 2011
chopping around
Typical Quad Witch day.
High volume, not much range.
Boooooooooring.
Next week should give some resolution as to whether we are going to see more upside, or resume the down trend.
Be careufl not to get sliced up if we stay in a consolidating range
tiny
High volume, not much range.
Boooooooooring.
Next week should give some resolution as to whether we are going to see more upside, or resume the down trend.
Be careufl not to get sliced up if we stay in a consolidating range
tiny
No stock market watch list video tonight
They will resume next week
Join the list for daily e-mails
www.stockmarkettrendsx.com
tiny
Join the list for daily e-mails
www.stockmarkettrendsx.com
tiny
Thursday, September 15, 2011
List of stocks from Tuesday's email
Here's the list of stocks I went over in Tuesday's e-mail.
If you missed them, get on the email list, it's free! www.stockmarkettrendsx.com
NVDA
GMCR
ATML
FCS
HNT
JBLU
NYB
INFA
These stocks are all near the end of their respective short term cycles, and while they may extend a bit more, the lower risk entries have already been seen. From here a pause would be the next best entry.
tiny
If you missed them, get on the email list, it's free! www.stockmarkettrendsx.com
NVDA
GMCR
ATML
FCS
HNT
JBLU
NYB
INFA
These stocks are all near the end of their respective short term cycles, and while they may extend a bit more, the lower risk entries have already been seen. From here a pause would be the next best entry.
tiny
Bingo- target hit
200 day MA tested on the NASDAQ 100 daily chart
Now let's see if it's work done, oor just a pause ahead of a push higher.
tiny
Now let's see if it's work done, oor just a pause ahead of a push higher.
tiny
Watching for a shorting op, but waiting for confirmation or standing aside
Breadth is bullish, but there is divergence setup here on the daily chart. Watching the NASDQ 100 for a test of the 200 day MA, but so far it's fallen short. The NASDAQ Futures did test and actually poke through the daily 200 day, and they are sitting right around there now.
If we test up here and show a volume reversal pattern, I'll be watching to lean against it.
tiny
If we test up here and show a volume reversal pattern, I'll be watching to lean against it.
tiny
It is suggestive we see new highs
By the way, I'm using the Secember S&P Futures for my analysis
It is now suggested that we retest the highs of day at a minimum. Above that, watch 1200
tiny
It is now suggested that we retest the highs of day at a minimum. Above that, watch 1200
tiny
Wednesday, September 14, 2011
At an intenet cafe
Just checking in, Im at an internet cafe, which is what they call Dunkin Donuts in the burbs! At least the connection is ok and the latte is good.
Tried to trade, but decided against it when my TS went down three times from the connection. Been there done that, too much risk when you cant keep a connection stable
Ill be back tonight with a review if I can get charts up. Thanks for all the e-mails, but thankfully electric is back on, just waiting for Fios.
tiny
Tried to trade, but decided against it when my TS went down three times from the connection. Been there done that, too much risk when you cant keep a connection stable
Ill be back tonight with a review if I can get charts up. Thanks for all the e-mails, but thankfully electric is back on, just waiting for Fios.
tiny
Monday, September 12, 2011
The blog will be dark for at least a few hours, if not days
We had a fire outside our house, and there is no power or Fios to the whole block, with the exception of one house. they are working all night to restore electric, but Fios is anyone's guess.
I'm sorry for the inconvenience!
Hag and three seater- you can stand down, nothing to monitor for the time being.
tiny
I'm sorry for the inconvenience!
Hag and three seater- you can stand down, nothing to monitor for the time being.
tiny
Stocks to watch
Since my time and resources are limited, I posted some stocks to watch to the email list from my site. It will be sent a little bit after 6 AM Eastern when I get up, so there's still time to get on the list and get the email.
If you want them (and other emails chock full of information), sign up for the list at www.stockmarkettrendsx.com
tiny
If you want them (and other emails chock full of information), sign up for the list at www.stockmarkettrendsx.com
tiny
Stock market Video
Will not be posted today, but I'll put up some stocks that look like possible setups for continuation Tuesday
tiny
tiny
Sunday, September 11, 2011
Finally, a good ending
Entourage aired it's last show Sunday night.
The Sloan dynamic as a bit corny, but otherwise, it was a great ending to what I thought was a good show.
tiny
The Sloan dynamic as a bit corny, but otherwise, it was a great ending to what I thought was a good show.
tiny
Friday, September 9, 2011
Happy Birthday To My Son Ryan
Ryan turns 2 today!
The one thing about Ryan that's different than my other two boys is that with the exception of a few isolated incidents when morons were attempting to file false criminal charges against me and making up stories about me so they can file fraudulent lawsuits (that were dismissed of course), I've been around him the entire time. Rather than hire a nanny (or finding some random person to watch my children like some people do) I look after them almost every day, as my wife's part time job has turned to basically full time.
Ryan was born just about a month before I was fired from the job that I had for 10 years. It was a depressing time, but seeing Ryan smile even at just a few months old always instantly cheered me up. He's also been my inspiration to come back stronger than ever, and ready to go back to kicking some butt.
I still think back to what one of the most selfish people the world has seen told me about how they couldn't "enjoy" their kids until they got to a certain age. I guess "enjoy" like what? Like a good piece of fish? I have enjoyed the company of my kids since the second they were born. They are the greatest thing that ever happened to me, bar nothing. That day that I made money? Not even close to the worst day with my kids.
Sorry for the personal post, but hey, it;s the weekend!
The one thing about Ryan that's different than my other two boys is that with the exception of a few isolated incidents when morons were attempting to file false criminal charges against me and making up stories about me so they can file fraudulent lawsuits (that were dismissed of course), I've been around him the entire time. Rather than hire a nanny (or finding some random person to watch my children like some people do) I look after them almost every day, as my wife's part time job has turned to basically full time.
Ryan was born just about a month before I was fired from the job that I had for 10 years. It was a depressing time, but seeing Ryan smile even at just a few months old always instantly cheered me up. He's also been my inspiration to come back stronger than ever, and ready to go back to kicking some butt.
I still think back to what one of the most selfish people the world has seen told me about how they couldn't "enjoy" their kids until they got to a certain age. I guess "enjoy" like what? Like a good piece of fish? I have enjoyed the company of my kids since the second they were born. They are the greatest thing that ever happened to me, bar nothing. That day that I made money? Not even close to the worst day with my kids.
Sorry for the personal post, but hey, it;s the weekend!
Fight at your own peril
Fight the breadth at your own peril. Any lifts are getting their heads chopped off.
Maybe this is a way to stop them!
tiny
Maybe this is a way to stop them!
tiny
Nice little 9 point rip
Nice 9 point rip off the lows here, but breadth barely budged.
Short term scalps appears to be working, but other than that, keep one foot near the exit door
tiny
Short term scalps appears to be working, but other than that, keep one foot near the exit door
tiny
Not a coincidence
The SPY stopped at the 78.6% retracement of this week's range.
Breadth still in a "no buy" zone, but we could have the lunch time low in, which doesn't mean much here, because we are only 30 minutes from 1 PM.
tiny
Breadth still in a "no buy" zone, but we could have the lunch time low in, which doesn't mean much here, because we are only 30 minutes from 1 PM.
tiny
Crash time?
I'm starting to read some end of week crash opinions. Since I have no opinion on this, I'll stay away from commenting about it.
Some are calling this an overreaction, but I don't agree. Today's move is within the overall trend, and therefore can't be considered an overreaction. Surprises happen in the direction of the trend.
If we break and hold the 9/6 lows, my whole "bounce before we get cracked" map goes out the window.
On another note, I'm watching old 80s metal bands. It started with EZO and Loudness, because I read an article and saw a video about some moron mocking Asian students at USC which led to the show he was working for getting canceled.
Anyway, listen to this guitar riff and his voice. Awesome. And the solo? Faggedaboutit.
tiny
Some are calling this an overreaction, but I don't agree. Today's move is within the overall trend, and therefore can't be considered an overreaction. Surprises happen in the direction of the trend.
If we break and hold the 9/6 lows, my whole "bounce before we get cracked" map goes out the window.
On another note, I'm watching old 80s metal bands. It started with EZO and Loudness, because I read an article and saw a video about some moron mocking Asian students at USC which led to the show he was working for getting canceled.
Anyway, listen to this guitar riff and his voice. Awesome. And the solo? Faggedaboutit.
tiny
Smoked!
The market is getting smoked like salmon thanks to news out of Germany regarding Greece.
No fade as the super guru sheep get slaughtered once again buying a "sure thing" gap down. I've said it before, but here it goes again: RUN The other way!
If this plays out like my scenario from last night's video, we test the lows of this consolidation and then try for a bounce. If not, we are heading for a retest of yearly lows, and likely sooner than later. We've already gone through the first support level, which was the gap from earlier this week.
Breadth is horrid, but it's actually showing some divergence relative to recent daily low A-D readings. If this sticks it could have some short term bullish implications for the market, which I'll go over this weekend. For intra-day and now, it's putrid and not to be fought. It's been the Queen of the scene lately.
tiny
No fade as the super guru sheep get slaughtered once again buying a "sure thing" gap down. I've said it before, but here it goes again: RUN The other way!
If this plays out like my scenario from last night's video, we test the lows of this consolidation and then try for a bounce. If not, we are heading for a retest of yearly lows, and likely sooner than later. We've already gone through the first support level, which was the gap from earlier this week.
Breadth is horrid, but it's actually showing some divergence relative to recent daily low A-D readings. If this sticks it could have some short term bullish implications for the market, which I'll go over this weekend. For intra-day and now, it's putrid and not to be fought. It's been the Queen of the scene lately.
tiny
Thursday, September 8, 2011
Beauty
Fade was perfect, then the double bottom led to a nice push up to a new high on the week.
We're now seeing a nice pullback to the recent break level, but breadth is currently negative.
If we don't take a big dive in breadth, watch for another try at the highs. If breadth doesn't get better, the upside will likely be limited, which means we can chop around into Obama's speech tonight
tiny
We're now seeing a nice pullback to the recent break level, but breadth is currently negative.
If we don't take a big dive in breadth, watch for another try at the highs. If breadth doesn't get better, the upside will likely be limited, which means we can chop around into Obama's speech tonight
tiny
Wednesday, September 7, 2011
The sheep get slaughtered another day
OUCHIE! Fades got ya down? Leave the super gurus and get a quality education. Learn to trade, not follow blindly!
tiny
tiny
Tuesday, September 6, 2011
Bulls putting the effort in, but...
Volume is lame. Good hold by the Bulls here for a second higher low possibility, which could lead to a push higher, but we'll see. I don't like to inject my opinion into the analysis, it clouds judgement. I do still believe that the next push up, if we get one will offer an excellent short sale opportunity for a retest at a minimum the lows.
I love how the super gurus that were calling for 1250 "easily" are now bearish, and of course no mention of how wrong they were As usual, only mentioning the lucky winners they got. The best is they think no one notices.
ROFLMAOOOOOOOOOOOOOOOOOOOOOOOOOOO
tiny
I love how the super gurus that were calling for 1250 "easily" are now bearish, and of course no mention of how wrong they were As usual, only mentioning the lucky winners they got. The best is they think no one notices.
ROFLMAOOOOOOOOOOOOOOOOOOOOOOOOOOO
tiny
Lack of posts
Sorry everyone, but I've been working on a project (new scanning software, and it's going to be awesome) so I've been neglecting the blog a bit. I should be back to posting more frequently starting Thursday.
In the meantime, I'll do my best to throw up at least some commentary throughout the session.
tiny
In the meantime, I'll do my best to throw up at least some commentary throughout the session.
tiny
Nice fade, and now....
Nice fade this AM, and so far, the open has been the low of day. Probably all that stuff from me about not buying right at the open huh? There was a gorgeous setup right before the open that led to a nice pop int he first half hour.
Anyway, so far we are oscillating on the 78.6% Fibonacci retracement that was highlighted in last night's video.
As I finish this at 2:14 PM Eastern, we are trying to break out to a fresh high, but it's right at short term resistance. Breadth is getting better, as it shaved about 1/3 of its negative value, but it's still -1600s, which is anything but bullish.
tiny
Anyway, so far we are oscillating on the 78.6% Fibonacci retracement that was highlighted in last night's video.
As I finish this at 2:14 PM Eastern, we are trying to break out to a fresh high, but it's right at short term resistance. Breadth is getting better, as it shaved about 1/3 of its negative value, but it's still -1600s, which is anything but bullish.
tiny
Monday, September 5, 2011
Those scummy, smelly super gurus
Well, I've heard it all now. Not to get into specifics, but anyone that is attending the upcoming super deluxe scamathon should have their head examined. Sorry, I usually have sympathy for victims but this is basically volunteered victimization.
You will be SORELY disappointed, as there will be nothing new taught, and it will all be dribble. These scumbags need to make up classes to teach because they have no real substance in what they do. Their way of gambling....errr trading is to load up on options, and if they lose, run another class, reload their gambling errrr trading account and do it again. You can always tell when they are losing, because the classes come out!
If you are being stonewalled for a refund, seek legal advice, and if you have to, contact your State Attorney General's office or the FTC. They are there to help.
tiny
You will be SORELY disappointed, as there will be nothing new taught, and it will all be dribble. These scumbags need to make up classes to teach because they have no real substance in what they do. Their way of gambling....errr trading is to load up on options, and if they lose, run another class, reload their gambling errrr trading account and do it again. You can always tell when they are losing, because the classes come out!
If you are being stonewalled for a refund, seek legal advice, and if you have to, contact your State Attorney General's office or the FTC. They are there to help.
tiny
Sunday, September 4, 2011
Monday's a holiday, so you might as well do some reading...
I have a new website that has some articles, with more to come: www.stockmarkettrendsx.com
The site is not updated intra-day like this one. It will be updated about every week with more content.
Feel free to use one fo the many boxes to sign up for the mailing list, where you will receive lots of great information. I'm also going to be moving some videos through there as well, that will just be for subscribers to the list.
There is no cost to join the site, as it is supported strictly by affiliate relationships.
Let me know what you think and if there is anything you would like me to do an article on.
Hags or three seaters need not apply, but I know the chief hag has to report back her spy notes so now she has the URL to do so.
Michael tiny Saul
The site is not updated intra-day like this one. It will be updated about every week with more content.
Feel free to use one fo the many boxes to sign up for the mailing list, where you will receive lots of great information. I'm also going to be moving some videos through there as well, that will just be for subscribers to the list.
There is no cost to join the site, as it is supported strictly by affiliate relationships.
Let me know what you think and if there is anything you would like me to do an article on.
Hags or three seaters need not apply, but I know the chief hag has to report back her spy notes so now she has the URL to do so.
Michael tiny Saul
Good to get away for a few days
It's great to get away from the markets for a few days. Unlike some super gurus who are addicted to gambling and could care less about their families (except to use them to scam their way into your hearts by trying to tug on your heartstrings), I try not to let my family suffer through my passion for the markets, but unfortunately, sometimes I dont give them the attention they surely deserve.
It was good to spend some time with my three boys, and my wife, and it's good to give the eyes a rest from the screens and the charts.
I'll throw the S&P and stock market watch list videos up on Monday.
I hope you are enjoying your weekend.
tiny
It was good to spend some time with my three boys, and my wife, and it's good to give the eyes a rest from the screens and the charts.
I'll throw the S&P and stock market watch list videos up on Monday.
I hope you are enjoying your weekend.
tiny
Thursday, September 1, 2011
Will the Job Numbers spark a fresh decline?
Lottsa people talking (few of them know) about the upside being done here.
My opinion? It's too easy here. While we have the measured move completed, and a nice looking ABC pattern in place.
Longer term I'm bearish, and think that we can go much lower here, easily into triple digits, but what I think is meaningless, and what the market does is most important.
I hate to cop out here, but it looks real easy to call for a resumption of the down move right here and now, but maybe I'm ignoring the obvious.
Let's get past these Job Numbers and then we'll take a look at the charts over the weekend.
I won't be around Friday, I'm making it a 4 day weekend for me, and spending time with my three boys. No nanny by the way, and while they are hard to handle at times, I'd rather raise them and know whats going on, then act shocked when something happens because I'm jet setting all across the world pretending I'm important. I'll leave that to others.
By the way, it's my birthday in February.....(elicits birthday wishes)
Have a great labor day
tiny
My opinion? It's too easy here. While we have the measured move completed, and a nice looking ABC pattern in place.
Longer term I'm bearish, and think that we can go much lower here, easily into triple digits, but what I think is meaningless, and what the market does is most important.
I hate to cop out here, but it looks real easy to call for a resumption of the down move right here and now, but maybe I'm ignoring the obvious.
Let's get past these Job Numbers and then we'll take a look at the charts over the weekend.
I won't be around Friday, I'm making it a 4 day weekend for me, and spending time with my three boys. No nanny by the way, and while they are hard to handle at times, I'd rather raise them and know whats going on, then act shocked when something happens because I'm jet setting all across the world pretending I'm important. I'll leave that to others.
By the way, it's my birthday in February.....(elicits birthday wishes)
Have a great labor day
tiny
The Bears Will Have To Wait
The bears will have to wait a little while longer here as we haven't just crumbled out of the box.
Bulls arent doing much either, and breadth just went negative whle the S&P is hovering around unchanged.
5 minute chart looks like an elongated type of flag, if it was tighter.
tiny
Bulls arent doing much either, and breadth just went negative whle the S&P is hovering around unchanged.
5 minute chart looks like an elongated type of flag, if it was tighter.
tiny
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