Wednesday, April 28, 2010

A Long Range View Can Help

Galileo had the Right Idea!

SPY 6 Mo. Daily - 4.28.10 - Pull Back to Support may offer Opportunity.  Long Term Trend is Up.  This is always a difficult point at which to Pull the Trigger as it could just a easily go lower and break support.

Sunday, April 25, 2010

Just Who's Turn is It?

Buddy Bear, I think my Bull Friends are Still in Charge!

Dollar Down = Market Up!
SPY 6 Month - Trend Continues to the Upside!

Wednesday, April 21, 2010

Looking for Understanding with Compassion!

We are not Bulls or Bears, but We love to work Together!  That is the Market.


"The Trend is Your Friend" - When in Question, Look at the Long Term.
Shorter Term the Trend is still to the Upside.

Friday, April 9, 2010

I Just Keep Watching 'Dat Dollar!

Boy, You Think You're Confused?

Dollar Pulling Back Again!  Bullish for Market. (Click Image to Enlarge)

SPY 6 Month, Daily - 4.8.10 - Bullish Trend in general with one day of pullback.  Pivots are Bullish.

SPY 10 Day, Hourly - 4.8.10 - Market resumes upward movement following corrective pullback.  The Bulls are still in charge.

Thursday, April 8, 2010

Spooked Again by the Dollar Rally!

Just when I thought I had it made!

Breakout in the DX (Dollar) puts pressure on the Market.  (Click on Image to Enlarge)

SPY 4.7.10 - Weekly Pivots - Pulling Back from New Highs as the Dollar Rallies.  Trend is still UP!
SPY 4,7,10 - 6 Month, Daily - Solid Trend to Upside, but challenged by the Rally in the DX.  Pivots or Monthly and May "Person Pivots" are shaping up as "Sideways."

Wednesday, April 7, 2010

You Bears Don't Have a Place at the Table!

Look Who's in Charge Here!
Even a Pop in the /DX (Dollar) did not help the Bears (Click on Image to Enlarge)
SPY 6 Month Daily - 4.7.10 - Trend continues to the Upside.

Tuesday, April 6, 2010

May I Butt In?

Looks to Me Like it's My Time to Play!

US Dollar (DX) may break out of channel to the upside which would be an indication of a pending pull back in the market. (Click on Image to Enlarge)
SPY 20 Day, 1 Hour - 4.5.10 - There was a good pop in the SPY to the center of the channel.  We could get a temporary pull back or sideways consolidation in Tuesday's market.  The intermediate trend remains bullish.

Sunday, April 4, 2010

The Dollar as a Market Indicator

Dollar Down > Market Up  -  Dollar Up > Market Down


Market Trending to Upside vs. Dollar Trending Down - See Below - (Click Image to Enlarge)

Dollar Trending Down as the Market Trends to Upside -  This is often a significant Indicator of Market Direction and should be Included in the Trader's Scan.

Thursday, April 1, 2010

Tug o' War

Lots of Stress in the Market but no Breakout of Range "So Far"

SPY 3/31/10 - Regression Channel is Bullish and it would appear we are at a "Bounce Point" back to the Upside.  The Long Weekend for Good Friday could play a part in Price Action.