Showing posts with label videos. Show all posts
Showing posts with label videos. Show all posts

Friday, August 31, 2012

Off we go to Jackson Hole

I woke up early today to have some blood work done, and I figured that was a good enough reason not to do a video last night, in case there were any overnight events that moved us ahead of the 10AM speech by Ben Bernanke at the Jackson Hole symposium.

I had been looking for buying ahead of the meeting, but expected it yesterday, which never materialized.  After the way we sold off the last 30 minutes I was watching for a nice gap down to the 1390s (basis the S&P Futures) for a buying op, but instead we gaped up pretty nicely today as there was buying in the Euro as well as the index futures in the early morning.  I tried a short, but scratched it, and now I'm now waiting for 10AM to see how the market reacts to whatever comes out of Bernanke's mouth.

My plan for the day is to stay small, because the one thing I hate most is digging a hole on a day that there will likely not be an opportunity to get out of.  Remember, risk first.

There will likely be some volatility off the speech, but it probably won't last long, and we should deaden up ahead of the long weekend, so it can get even more choppy and light than what we have been seeing as of late.If it does that I'll be packing up for the long weekend.  If I stick around, I'll throw commentary up on twitter, so follow me there @tinyreal


Sign up for FREE to http://stockmarkettrendsx.com and get on my list to receive the Market Autopsy video this wekend.

Have a great Labor day!

tiny

Tuesday, August 28, 2012

No video for today and the market

Since Monday was such a lame trading day, I decided not to do a video update.I'll likely do at least one this week, but it should be a low volume low volatility week ahead of Friday's Bernanke speech, although we do have nearly 9 points of range, basis the S&P Futures already in for the first hour today, which is large compared to recent activity

I still think we test up to the highs at a minimum and we did get some responsive buying this AM, which is Bullish, but yesterdays highs need to be challenged to keep the Bull happy.

Despite how boring the market may be, I still put out a daily update, and you can get it for FREE by signing up at http://stockmarkettrendsx.com
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tiny


Thursday, August 23, 2012

Can't get the video to record

I can't get the video to record so heres what I'm looking at for Friday.

We finished off near the lows of the session, after a gap down could not fade.  We are in the mdist of a pullback form highs, but are approaching support.  Watch the 20 EMA on the daily SPY chart, and then 139.25, which fills a lap from early in the month.

 It's too early for me to call a top, but others are more aggressive with that call.  I think we will need to get the Jackson Hole conference out of the way, along with the end of Summer to get a clearer picture. As of now, we are in a pullback from highs, and that;s Bullish.  The trend has NOT changed

For Friday, I'll be watching any early upside for a shorting opportunity (like Thursday that never happened) for a test back down to the lows from Thursday, but a further push or a gap down will be watched for a buying opportunity, as long as there is support and a pattern to lean against.

Have a great weekend and don't forget to sign up to the list at http://stockmarkettrendsx.com to get the Market Autopsy video delivered to your inbox this weekend. 

tiny

Better late than never! S&P 500 video for Thursday, August 23rd, 2012

Friday, August 10, 2012

video for today

Have no idea where my video went

It was a choppy day yesterday, and I'm watching to see if we get any Friday action.  If not, and we just chop it out, it will be an early weekend

tiny