"Damn the Torpedoes, Full Speed Ahead!

Egypt is Egypt & the Market is the Market

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SPY 20 Day, 2 Hour - 1.31.11 - World Affairs Aside, the Trend Continues UP!  Intermediate term the SPY is in in Mid-Stream.  The Green Line is the 20 Day Moving Average, Considered by Many as the Holy Grail.

SPY 5 Day, 15 min. - Bounce Off of Support with New Potato in Formation.  Those Pictures formed by the Moving Averages are the Potatoes.  All Down Potatoes Lead to Up Potatoes and All Down Potatoes Lead to Up Potatoes.  So the Secret is to Always be on the Right Side of the Potato.

SPY 2 Day, 15 min. - Contrary to the Conventional Wisdom that the Market does not Like Uncertainty, the Move Today was Bullish.  The Problems in Egypt and the Middle East have been Shrugged Off as Either Resolved or of Little Short Term Concern.  This May Still Come Back to Haunt Us.

All Eyes on Egypt - Lots of Uncertainty in the Air

Uncertainty in Egypt and Middle East 

Probable Flight to Safety on Wall Street

The Rope Broke - Market on its Head

Whoops!

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SPY 2 Day, 10 min. - 1.28.11 - Is the Trend at an End?  Massive Sell Off in Response to Egyptian Crisis.

SPY 20 Day, 2 Hour - 1.28.11 - Trend Line has been Broken to the Downside.  All Eyes will be on the Follow Through.  The Question is, "Is this a Stumble or  new Trend to the Downside?"

Tug o' War - Bulls and Bears - Outcome a Draw

This-A-Way & That-A-Way

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SPY 2 Day 15 min - 1.27.11 - Sideways Rangebound price action today.  If there was any bias it seemed mostly to the upside, but there was no breakout that could maintain momentum.  The chart shows the Support and Resistance Lines which have existed for the last two days.

New Highs in the Broad Market

Wow!  Look at That.

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SPY 20 Day, 2 Hour - 1.26.11 - Bullish Trend Continues into New High Ground.  On Balance Volume and MACD are Bullish.  Statistically 80% of Gaps Fill so there is a possibility of a correction or pull back before another thrust to the upside.

Trends are Trends and Patience Pays Off

Trends Do Not Move All in One Day - Take a Step at a Time

SPY 20 Day, 2 Hour - 1.25.11 - Solid Trend Up!  But, Not All at One Time.

Cock O' the Walk - Bulls in Control

This Market is Something to Strut About

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Simultaneous Breakout from Price Channel and On Balance Volume Channel

Long and Short Term Trend is UP.  MACD & OBV as well a price action is bullish.

Time to Ponder

Do I Jump or Not Jump.  That is the Question.  And if I Do Jump, Which Way Willie?

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SPY 10 Day, Hourly - 1.22.11 - Long Term Trend remain UP.  Short Term the Outlook is Mixed.  The Moving Averages, MACD, and On Balance Volume are all Neutral in the Near Term. 

Breakout Excitement!

Time to Get Hoppin'

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SPY 1.20.11 - Breakout over Trend Combined with Breakout of On Balance Volume

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SPY 1.20.11 - Breakout Over Trend combined with Reversal of MACD and OBV - Trendlines and Indicators are Powerful when Coordinated.

Going with the Flow!

I'm Happy if Momma's Happy - Keep it UP!

SPY 3 Month, Daily - 1.18.11 - The Chart is Self Explanatory.  On Balance Volume supports the Move to the Upside.

SPY 1 Day, 10 minute - 1.18.11 - On Balance Volume and Price Action support one another to the Upside.  The Horizontals on the Right Demonstrate "Volume Profile" which portrays the Prices at which  trades take Place.  The Longest Tongue is the Price at which the majority of Trades took place.  This is helpful in showing a current trading range in which can be Value as perceived by traders.

One Step at a Time

Market is Stair Stepping Upward - Rest Periods Noted!

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SPY 20 Day, 2 Hour - 1.14.11 - The Trend Continues Upward - Gap Ups are being Followed by Periods of Consolidation. 

Stair Stepping Up

Swing Trading Can Be Slow Dancing!

SPY 20 Day. 2 Hour Chart - 1.14.11 - Breakout from Range Bound 3 Day Action.  The Trend has been UP{ all the time, but the Market must Digest Change.  The Trend Continues Bullish!

Play of the Day - On Balance Volume Breakout signaled a turn to the upside.  Regression Channel analysis pointed us in the right direction.  The Channels pictured above were not changed following the breakout.  The Projection was very accurate.

"Digesting the Hog Continues"

You Just Can't Eat the Whole Thing at Once

SPY 20 Day, Hourly - 1.13.11 - "Up and Sideways" - This is a common pattern.  When the market takes a leap forward there is back and filling as the move is digested.  If there is Strength and Momentum the Market Should Move to Higher Ground.  The Longer Term Trend remains UP.

Pop UP! Is it for Real?

Well, How About That?  What a Surprise?  Pop Up out of the Box!  

SPY 20 Day, 2 Hour - 1.11.11 - Range Bound Market Broken to the Upside1

Range Bound Prior to BreaKout or Breakdown!

Who's Turn is This!  It's My Time to Win.

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SPY 20 Day, Hourly - 1.10.11 - Long Term Trend is UP.  Short term we a caught in a Range or 2 or 3 Points.  The Chart Supports the Idea of a Breakout to the Upside.  At the same time, the Market has a way of disappointing the Expected.  We are all Looking at the Same Movie.

Consistent Perspectives on the Market

The Pig Cannot be Digested all at Once

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SPY 20 Day, 2 Hour - 1.7.11 - When the Market is Stagnant, it is Important to Look at the Longer Term Trend.  The Recent Gap Up requires a Period of Digestion.  You Cannot Swallow the Pig all at One Time.  The Trend is Sill UP!

Airborne!

Airspeed's Important.  Market Lift depends on Momentum!

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SPY 20 Day, Hourly - 1.6.2011 - Gap UP is holding above the 10 Day Moving Average.  The Longer Term Trend is UP.  It is hard to believe, given all economic problems, but the Market is the Market!  We have to Trade what we See; Not what we Think.

(Comments on this Blog are not to be taken as suggestions or recommendations.  Financial commitments in the market involve significant risk.  Consult your advisor of choice.  What is presented here is a journal of my personal observations and current thoughts.)  - PLB

HOT AIR vs. the REAL THING

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SPY - 1.5.11 - 10 Day, Hourly - Gap Up to Start the NEW YEAR!  Is this for REAL or Does the Market Come Back Down to Earth?

Fire Cracker Start to NEW YEAR

What goes Up Fast can come Down Fast!

Fibonacci at 50% Retracement

The Market is Trying to Fine its' Bearing on the NEW YEAR!  So far it is Undecided.