This author has not written his bio yet.
But we are proud to say that admin contributed 1689 entries already.
Most traders I have been talking with are feeling the same thing. Something big is brewing for the equities market but most do not want to get heavily involved until there is a clear direction. The broad market has been consolidating for almost 3 months and it’s important to remember that the larger the consolidation […]
The second half of last week we saw some strong price action in the equities market. The SP500 broke through the 5 and 50 day moving averages closing the week just under key resistance levels. The SP500 futures will find resistance at the June high $1099.25, $1100 which is whole number then at $1103 which […]
The market continues to become quicker and fiercer as it move up and down 2+% on a regular basis This week we have seen some wild price swings due to earnings, events and the Fed’s which just makes trading that much more intense. I have pointed out yesterday that this market only gives you a […]
It was an interesting options expiration week for equities that’s for sure. We saw some very choppy price action with large waves of buying and selling as the bulls and bears fought for control. Both Gold and Oil closed lower for the week which is not a good sign considering the US Dollar dropped like […]
It’s been another strong week for equities but are stocks and commodities about to get hit with some selling pressure? I have put together a short video coving all of these investments but here is my Coles Note Version: US Dollar: The Dollar is way oversold and looking ready for a multi day bounce. This […]
Last week we saw stocks move sharply higher as traders started to cover their short position which added fuel to an already oversold market ready to bounce. Overall volume was not that strong on the move up which is a bearish sign. On Friday afternoon we saw the SP500 continue to move into the $1075 […]
July 7th, 2010 It’s been a short but exciting week so far. Investors and traders are have been scratching their heads the past few days as stocks continued to bounce around giving mixed signals. But today was a clear day of short covering from this much oversold market condition. Below are a few charts showing […]
Its been an exciting day with the SP500 breaking below this mornings low using the regular trading hours 9:30-4 for this analysis. As i mentioned before I don’t trade during the afternoon. Most large moves tend to happen between 9:35am – 11:30am, and 3:30-4pm. I did mention at 11:28am this morning in the chatroom that […]
Another blood bath in the market today but this time it’s a total market melt down with Stocks, commodities, precious metals, and the US Dollar plummeting lower. Since late April the market has become very unstable with large intraday price swings. Since then it has only gotten tougher and tougher to trade. While there have […]
June 30th, 2010 What a nutty week for the equities market! The bleeding has not led up with almost 2 weeks of straight selling. Also we are seeing oil break down with a rather large bear flag and if that happens, which it looks like it will… then hold on tight or cash out of […]