The Market is Strewn with Roadside Bombs

Take Care not to be Blind Sided

VIX (Volatility Index) - Trend Decidedly Up - Inverse to Market Movement

SPY- 6.29.10 - Trend is Down with Little Support - Weak Close!

Internals Today - ADs, UVol/DVol, SPY - All demonstrate the dramatic weakness in the market today.

Be Prepared for "Whatever"!

High Volatility and Uncertainty Rules the Day

DX (US Dollar) in sideways mode.

VIX (Volatility Index) - On the Rise

SPY (S&P 500) - Trending Down

SPY Potato Chart - 2nd. Day of "Bear Potato" - Calls for sideways consolidation at support.

Mathematical Probabilities in the Market

Price Action influenced by Statistical Probabilities

DX (US Dollar) - "Market Mover" - Inverse Effect on Market

SPY 10 Day, Hourly - 6.23.10 - Price Action at 2nd. Standard Deviation on Downside (Calls for Bounce)

Dollar Dominates & Most Gaps Close

The Trend and Momentum is Down

DX (US Dollar Index) - On the Rise Again - Bearish for Market

SPY Hourly Chart - "Most Gaps Fill" - MACD, Williams %R indicate Trend is Lower.

Slippery Slope! - Double Cross?

The Gap Up was anticipated.  The subsequent collapse was a covert operation!

The DX was decidedly down early in the AM.  The DX then rallied which coincided with a market deterioration.

VIX (Volatility Index) - The general trend is down witch is bullish for the general market.

SPY 20 Day, 1 Hour - 6.21.10 - There was a general market pull back following a strong gap up.  The lack of bullish support came as a complete surprise to most traders.  The general consensus was that everything pointed to an upside move.  Typical of the market it did just the opposite.

Potato Trade - SPY - 6 .21.10 - Downside move has penetrated the 8 day Potato.  Will it be fatal?  It is still possible to recover.  Tomorrow will tell the tail.

Indicators are Important in Navigating the Market

Without Indicators and Charts, you are in the clouds and flying by the seat of your pants.

DX (US Dollar Index) dominates market action.  The Trend is Down which is Bullish for the Market.

VIX (Volatility Index) continues to trend down.  This is Bullish for the Market.

SPY 20 Day, 1 hour - Trend has been Bullish for over a week.  Sideways action this past week.  Could be poised for another push to the upside.

Potato Action - SPY - 10 Day, 30 min. - Notice the Crossover at the green oval.  This created a new bull potato.  The market is also above the 200 Day Moving Average.  This is bullish.

All prognostications must be balanced with the understanding that this analysis could be completely wrong.  The market is the market.  Anything is possible.  At best we are reading tea leaves.

Euro vs. Dollar Directs Market Action

DX (Dollar) continues to Pull Back.  Generates Bullish Market Actions.

DX in Pull Back after significant rally.  Euro rally pushes the US Dollar Down.

VIX (Volatility Index) in Decline - Bullish for the Market

SPY 20 Day, Hourly - 6.17.10 - Sideways consolidation today after bull run.  Channel Trend is Up

SPY 10 Day, Hourly - 6.17.10 - Price Action has moved above the 20, 50, & 200 Day Moving Averages.  The last two days can be seen as consolidation.  Trend continues to be Bullish.  Support must hold at the Moving Averages to allow for further moves to the upside.

Indicator Point to the Upside

Bull are in Control

DX (Dollar) Down, Market Up!

VIX (Volatility Index) Trend is Down which is Bullish for Market.

SPY 20 Day, Hourly in Bullish Trend

SPY in Bull Run above 20 Day Moving Average

Euro - DX Dance!

Who has the best Money?  Europe or USA?

Euro is Up so the DX is Down.

VIX (Volatility Index) - Down > Consistent with Bull Move.

SPY 20 Day, 2 Hour - Bull move with Fade at the Close.  This leaves questions as to Tomorrow.

Dancing around the 200 Day Moving Average - This is the Historical borderline between a Bull and a Bear Market.  Pull Back at the Close leaves Questions as to Momentum.

Long Range View is Helpful!

Galileo had the Right Idea!

DX "Dixie" is in a Pull Back which is "Market Bullish" but it is Low in the Range.

VIX Trend is Down which is Bullish.

S&P Futures have a Bearish Trend with a recent Bull Move.  Price Action is "Butting Heads" with Resistance.  Where we go from here is anyone's guess.

Fragile Support in Market Indicators

Something doesn't feel right here!

VIX - Volatility Index - Higher than 30 implies fear and bearish tendency in market.

DX - "Dixie" - US Dollar Index on the rise - Negative implications for the market.

GS - Goldman Sachs - Downward trend - "As financials go, so goes the market."

SPY - S&P 500 - The trend is down.  There will be bounces, but all indications are that there will be more moves to the downside.

What Next? Bear Market, Bust, or Bounce!

f

Futures are "Red."  Indicates more move to the Downside!