Sunday, February 28, 2010

Do the Bulls have it in 'em?

Lot's of Bluster but is there Substance?


Dollar Rally in Retreat.  This has been Bullish for the Market in the Past.

Monday, February 22, 2010

Bull in the Head Lights!  What's Next?

Bullish Move in Recent Action.  Will it Keep it Up?
Intermediate Trend and Short Term are both Upward.  Volatility makes a directional call difficult.

Crossroads Week Ahead

Mixed Signals on Market Direction for Now

US Dollar Rally in Near Term Decline.   Short Term Bullish for Market.
S&P Futures have been Bullish.  No clear signal as to what is ahead.

Friday, February 19, 2010

Dollar Breakout! Market Likely Lower.


US Dollar Rally continues to have an Inverse relationship to market price action.


Federal Reserve increases Discount Rate 0.25%, Dollar Rallies, Market likely to move Lower.

Friday, February 12, 2010

Sideways is My Style, but I Can Still Bite!

You Never Know When I Might Turn!

US Dollar is at Support Level
SPY 6 Month - 2.11.10 - Channel Trend is Down but with Bumps along the way.
SPY 5 Day - 2.11.10 - Short Term the Market is at Resistance.  If it breaks out on the Upside this could be a Short Term Rally setup.  Technicals suggest a down move off of Resistance.  The Market has yet to demonstrate Direction so the odds are 50/50 at this juncture.

Thursday, February 11, 2010

Dollar Rally at Support - Inverse Relationship to Market in General

EUR Weakens as Dollar Strengthens Equals Bearish Market

Fractals Show Bullish Moves in US Dollar - @ Trend Line Support
SPY 6 Month Chart - 2.10.10 - Bearish Trend to Downside but Lots of Indecision Day to Day.

SPY Weekly - 2.10.10 - Market moves along Weekly Pivot in Sideways Action this Week - Resistant to Breakout to the Upside so far.

Tuesday, February 9, 2010

The Genie has Lit the Lamp!

Lots of Mixed Signals in a Market Looking for Direction

Has the Dollar Run Out of Steam, or is there a Bounce on the Way?
SPY - 2,9.10 - Trend Channel is Down but the Bulls still make an Effort.

High Volatility as Market Seeks Direction

As on a Roller Coaster the Trend is Down but Punctuated by Jerks and Rolls

SPY 6 Month, Daily - 2.8.10 - Trend is Down.  Pivots are Down.  Day to Day can be Bumpy
SPY 5 Day, 10 min. - 2.8.10 - Swings and Sways over and under the 20 Day Moving Average demonstrates Volatility.
US Dollar continues to Rally putting Downward Pressure on Commodities and the Market.  White Boxes show the Progressive Rise in Fractals over the last 20 Days.

Sunday, February 7, 2010

"The Market is a Cup Cake"

"There is No Taste if there is No Bite"


SPY 6 Month, Daily - 2.5.10 - Bear Move Looking for Support
SPY Weekly - 2.5.10 - Bounce off of S2 Friday - Pivots & Support Lower for the Coming Week

Friday, February 5, 2010

"Lady Liberty in a Comeback = Bear Market Move"

US Dollar Continues to Rally, Inverse to the Market

/DX - US Dollar Index - Inverse Ratio to the General Market - Strong Dollar has Negative Impact on Commodities & Commodity Related Stocks - Channel is Bullish but, perhaps, poised for Pullback?

SPY 6 Month, Daily - Trend continues Down, approaching S2 Monthly Support

SPY has Declining Pivot Points, Week to Week - Trend is Down.

Wednesday, February 3, 2010

Wandering in the Wilderness - Market Seeking Direction

A Lot of Mixed Signals at the Present -  Market Moves Require Patience
SPY - 2.3.10 - Sideways Price Action just below the Pivot which actually represents Old Support which is now New Resistance.
DJX - 2.3.10 - Dow Jones Index similar to the SPY - Hovers just below the Pivot and Resistance.
MNX (Mini Nasdaq) - 2.3.10 - Very similar pattern.  A Breakout above the Pivot would be Bullish and suggest a move back into the Bullish Channel that has lasted over 6 months.  At the same time the new trend has been Down and Bearish.   Additional weakness would confirm another leg down in the market.

Compare the Indexes

Take Your Pick


SPY - 2.2.10 - Old Support is New Resistance
DJX - 2.2.10 - Old Support is New Resistance

MNX (Mini NASDAQ) - 2.2.10 - Lost Support
RUT (Russell 2000) - 2.2.10 - Between Support & Resistance

Monday, February 1, 2010

Thinking it Over! A Lot of Stuff to Ponder.

Indicator Point Down but the Market Goes Up.
The Bias is Still Down for the Intermediate Term.

US Dollar Trend is Up which is Bearish for the Market in General.  Short term it is Down and the Market Rallied Today.  Will it Last?


SPY 6 Month, Daily with Monthly Pivots.  The Trend is Down and Demands Attention.
SPY Weekly Pivots - Decidedly Down, but there was a Bounce Today.  The Pivot (center line) is a Critical Support Level.  The Market could be setting up for a Sideways Consolidation while it Sorts things out.  There is an incredible mix of politics and economics at this juncture that is difficult for investors and traders to analyze.