Ya Gotta Stick Your Neck Out Sometime!

Hibernation can only go on so long.  Time for a breather.

TBT - Inverse US Treasury Bills.  Price Action broke resistance and Person Pivots show a move to the upside.  Longer intermediate trend is still bearish.

DX - US Dollar Index - Rally has subsided for the moment.  DX has an inverse relationship with the market.  Dollar Down>Market Up.

SPY 6 Month, Daily - Box breakout to the upside.  Recent pattern of big moves pre-market with chop during market hours.  Spreads might be the answer if direction seems apparent.

Bulls & Bears Go Head to Head!

What's Up!

TBT - US Treasuries - Decline in Treasuries is Bearish for the Market.  Money moves out of equities into safety.

/ES - S&P Futures - Person Pivots suggest a less volatile session tomorrow with a trend to the downside.

Box to Box Trade - Person Pivots point down so the logical conclusion combining this information would point to a lower market.  "When the Obvious is Looking you in the Face, the market is well known to do the opposite.

(Never, ever take anything on this Blog as a recommendation to trade or invest in any issue shown here.)

Box Breakouts for Profit Opportunity!

Boxes are created by Congestion.  Many traders view these times as boring Chop.  They are really Opportunities for Profit Breakouts.

Each Box represents a Battleground between Bull & Bears.  The trick is to catch the breakout.  Lot for Trendline breaks confirmed by MACD crossovers.

Who Falls Down First?

Options Expired - The Party Goes On!  What's Next?

(Click on Chart to Enlarge)

SPY 20 Day, 2 Hour - 8.20.10

The Market has moved in a relatively confined range for several months.  There has been considerable volatility between support and resistance.  You can see the frequent gaps up and down.  During the Consolidation phase (Battleground) seen in the above chart, notice how the MACD drifted lower during this phase.  This was followed by a gap down and market decline.  At this juncture the market could go either way (as always).  The Green Spot in the MACD shows an up trend as opposed to the Consolidation earlier.  Perhaps there is a message here.

MACD Continues to Rise as Resistance Builds

Indicators Help Show the Way

MACD Accelerates to the Upside but Encounters Resistance on the Way

Instruments & Indicators Help Guide the Way

Watch the Indicators to Stay on Course

SPY 20 Day, 2 Hour - MACD Crossover to Upside

Time for the Box to Pop Open!

Boxes Can Hold Surprises!

DX (US Dollar) Value directly related to Market Action on most days.  When the Dollar is Down, the Market is Up, and Vice Versa.

US Treasury Bonds in Decline due to High Demand for Safety.  Bearish for the Market.

SPY 20 Day, Hourly - Sideways Consolidation Begs for a Breakout.  Technicals are more Bearish than Bullish but that is no guarantee.

Box Breakouts are exciting to watch for.  The Trick is to catch the move.

Bears Plan a Knock Out Blow!

We Bears have plans for the Bulls.

DX (US Dollar) Rally is Bearish for the Market.

TBT (Long Term Treasuries) are Bearish which is Bearish for the Market.

Box Breakouts can be good Set Ups.  The market moves from one consolidation zone to another.  Detecting the Breakout Direction is the Trick.

Box Breakouts for Profit Opportunity!

The Profit lies Between the Boxes, Not Inside the Box!

SPY 10 Day, Hourly - 8.12.10 - Playing the Breakouts can be a lot of Fun when you're on the Right Side of the Trade.  Combine the Breakouts with the MACD and other Indicators as explained in the "Sleeping Tiger Trade."

You Guys Thought I Was Washed Up!!

Move Over, Bulls - I'm Back!

US Dollar Rally Bearish for the Market

US Treasury Bonds at the Low.  Bearish for Market.

SPY 10 Day, Hourly - 8.11.10 - Sitting on Day Low - Potential Break to the Downside a High Probability!  (Click on Charts to Enlarge)

"Consolidations Offer Opportunities - Look for Breakouts!"

A Sleeping Tiger may wake up Hungry!

SPY 20 Day, 1 Hour - 8.9.10 - Congestion and Consolidation may be boring but sooner or later it results in a Market Move.  The Hungry Tiger lies in Wait for the Opportunity to Pounce.

Confusion Junction! Bears in Despair!

Fundamentals Down - Technicals Bullish!

TBT - US Treasuries - Decline in Govt. bonds is Bearish as money moves into Safe Havens.

US Dollar - In Decline - Tends to be Inverse relationship to the Market.  Bullish as opposed to the TBT.

SPY 7.6.10 - S&P 500 - Trend is UP on Longer Term Chart.  Price Action approaching Resistance.  

MACD Bullish.

Which Way Does the Worm Turn?

Sidewinder Action with a Bullish Bias

SPY 60 Day,  2 Hour - 8.3.10 - Resistance above and the longer term trend is down.