"I'm Back on the Range Again"

Range Bound Market

SPY 20 Day, Hourly - 7.29.10 - Fenced In for the time being.  Market looking for a breakout as Bulls and Bears battle it out.  No clear winner at the moment.

Bulls Keep Control of the Throttle

Just Looking for a China Shop

SPY - 20 Day, Hourly - 7.26.10 - Rally breaks out to higher ground.  Resistant lies overhead.

DX (US Dollar Index) - As the dollar weakens, the broad market advances.

TBT (US Treasury Notes) - Moves in direction of the market.  Break in trend is something to watch as overhead resistance is close at hand.

Volatility Mixed with Breakout!

Devil's Den Trading

Breakout from a Downtrend - Will it Move On?

Riding the Range - Checking the Fences

On Watch for Breakouts in Range Bound Market

SPY 20 Day, Hourly - 7.22.10 - Price Action at upper level of range.  Important resistance just overhead.  (Click Image to Enlarge)

DX - US Dollar continues to decline.  This has been Bullish for the Market.

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TBT - 20 Year Treasury Bonds - Short Term Rally is Bullish for the Market

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Volatility as Money Moves to Safety in Bonds

A Thrill a Minute in he Market

TBT (US Treasury 20 Year Bonds) - Money moves from equities to the safety of Treasuries.  The above chart shows the "Yield" which is close to zero.  TBT moves in tandem with the market.  (Click on Chart to enlarge)

SPY 20 Day, Hourly - High Volatility with Whipsaw Price Action.

"Bear Trap Triggers"

Volatility Scuttled the Bears on Quick Reversal

A "Slam-Dunk" turned into a "Big Bear Dunking."

SPY 20 Day, Hourly - 7.20.10 - Market reversed with a vengeance.

"The Trend is Your Friend"

Current Trend is to the Downside

SPY 20 Day, Hourly - 7.19.10 - Bear Potato using the 20/50 Moving Average Crossover.  MACD trending down.  (Click Image to Enlarge)

VIX (Volatility Index) - Inverse Directional Indicator to the market in general.  Monday was down but the Trend is Up.   Consistent with a Bear move for the Market.

Trend Trading Makes Sense!

 

The Trend is the Thing!  Looks down to me!

Rollover Time?

The Bully is Back, but I'm a Bear!

SPY 20 Day, 1 hour - 7.16.10 - New "Bear" Potato forms.  MACD & RSI in confirmation.  July Options expired on Friday so Monday is a new day for traders.

Back to Basic Potato Trading

Sweet Potato Trading is Basic Moving Average Crossover Indicator

SPY 20 Day, 1 Hr. - 7.14.10 - 20 Day/50 Day Crossovers create Sweet Potato images.  They are either Bullish, Bearish, or Transitional.  Currently the Potato on the right is Topping Out and appears Transitional.  The PPS signal (Green Arrow) offers a Long signal close on the heals of a Short signal (Gold Arrow).  This is a close call as to what's next.  A good argument could be made for either direction at this point.

Choices Abound! Take Your Pick!

Up  / Down ?  Gimme a Break!

US Dollar (DX) has been a consistent inverse indicator as to market direction.  This has not been as reliable of late.  The DX futures are UP as of 9 PM Sunday.

SPY 10 Day, 1 Hour - 7 .10.10 - 3 Day Rally and Trend is UP.  Can the market sustain this move?  The MACD is in a "Pinch."  A Rollover is a possibility.

Oversold Rally Spurs the Bulls!

Bullish Trending Day on Wednesday

SPY 2 Day, 15 min. - 7.7.10 - Note PPS (Green Arrow) Signal and MACD Crossover Convergence showing entry point to the upside.

SPY 20 Day, 1 Hour - 7.7.10 - Rally off of Support on Wed. - Will there be "Followthrough" on Thursday? - MACD shows momentum to the upside and is not yet in overbought territory.

SPY 2 Day, 10 min. - 7.7.10 - "Riding the 20 Day Moving Average (Green Line) "The Holy Grail"