Monday, February 28, 2011

Bull Speed Ahead!

This is Fun!  Right?

CLICK IMAGE TO ENLARGE
/ES (S&P) 1 Day, 512 Ticks - 2.28.11 - Gap up followed by midday pull back and rally at the close.  Bullish Outlook for Tuesday at the Open.  On Balance Volume complimented the moves.

SPY 10 Day, Hourly - 2.28.11 - Bounce off of Support appears to have the market moving back into the Primary Trend.

Sunday, February 27, 2011

The Market is the Market in Spite of the Mess in the World!

 When I Think Too Much, I Just Get Smashed!  Pay Attention to the Charts for Direction!
 Think what you want about all the problems, but, the Market Moves On!
SPY 20 Day, 2 hour - 2.25.11 - Pull Back in Response to Middle Eastern Unrest.  The Trend is UP!

SPY 10 Day, 1 Hour - 2.25.11 - Bounce Off Support.  Trend is Toward Recovery.  

Friday, February 25, 2011

Geo-Political Market Volatility

 The Middle Eastern Lamp is Lit - The Genie is Out of the Bottle
 CLICK ON IMAGES TO ENLARGE

SPY 3 Month, Daily - 2.24.11 - Longer Term we are at Trend Line Support
SPY 20 Day, 2 Hour - Shorter Term Trend Line Support is Broken

SPY 10 Day, Hourly - Price Action Challenges Support at 130.  There could be a Bonce from here.

Wednesday, February 23, 2011

Libyian Unrest Rocks the Markets

 International Uncertainty Prevails

S&P Futures Suggest a Bounce after the Slide on Tuesday.  Caution is Prudent given the Market Sensitivities to News Events.  The Chart demonstrates the Steady Decline in Price Action complimented by the On Balance Volume indicator.  Recovery is seen headed into the Golden Zone of "Value".  This is a 6 AM Point of View on 2.23.11.

Thursday, February 17, 2011

Fire Storm on Wall Street!


The Bears have no Water


TO REPLAY TODAY MARKET ACTION COPY & PASTE THIS URL INTO YOUR BROWSER

http://gallery.me.com/peterballenger1#100281

Wednesday, February 16, 2011

A Charge Up San Juan Hill?

 Looks Like a Stampede to Me.  It Could Get Spooked!
CLICK ON IMAGES TO ENLARGE
SPY 20 Day, 2 Hour - Channel Trend Continue UP!  When all looks Rosie, it may be Time for Caution.

SPY 5 Day, 30 min. - 2.16.11 - Gap Up!  New Highs!  Take Care!

Tuesday, February 15, 2011

Winding Up the Spring for a Leap Forward

 Preparing to Pop the Box
CLICK IMAGES TO ENLARGE
SPY 5 Day, 30 min. - 2.15.11 - Following a long burst of Bullish Move, the market has to pause and digest and after a few "Burps" will Spring Forward assuming their is Bullish Money on the Sideline.
SPY 20 Day, 2 Hour - 2.15.11 - Channel Trend is Up.  The Easier Trade is With the Trend and Not Against it.

FOR A GALLERY SLIDE SHOW REPLAY OF TODAY'S MARKET, COPY AND PASTE THE URL:
http://gallery.me.com/peterballenger1#100265

Monday, February 14, 2011

What's your opinion?

One Book, Different Opinions.  That what makes a Market!
CLICK IMAGES TO ENLARGE
SPY 2 Day, 10 min. - 2.14.11 - Bullish Move Continues but with a Slow Grind

20 Day, 2 Hour - 2.14.11 - Channel Trend is UP, but it is Excalating.   That could lead to a Blow Off! 

To VIEW a SLIDE SHOW of TODAY'S MARKET,  COPY and PASTE the URL into Your Browser..

http://gallery.me.com/peterballenger1#100257

Saturday, February 12, 2011

Spring Loaded Launch - "Sleeping Tiger Action"

 A Sleeping Tiger is Saving Up His "Spring to Life" Energy
A Side Way Moving Market is Doing the Same Thing.
 CLICK ON IMAGES TO ENLARGE
 SPY 5 Day, 15 min. - 2.11.11 - The Spring Sprang!  Bullish Move to the Upside.
SPY 20 Day, 2 Hour - 2.11.11 - Channel Trend is Decidedly Bullish.  On the Cautious side Price Action is High in the Channel which may result in a Pull Back.

For a Slide Show Replay of Market Action on 2.11.11 go to:

http://gallery.me.com/peterballenger1#100249

Friday, February 11, 2011

Breakout from Confinement!

 It is Good to be Free!
SPY 1 Day, 5 Min. - 2.11.11 - Price Action Breakout coordinated with On Balance Breakout led to Greater Gains Today.

Thursday, February 10, 2011

"Don't Fence Me In"

Shade Beats a Fence
SPY 5 Day, 14 min. - 2.`10.11 - Range Bound Market all this Week.  Breakout Pending, but, Which Way?

SPY 20 Day, 2 Hour - 2.10.11 - Consolidation Pause Before the Breakout!  Trend is Bullish.

Wednesday, February 9, 2011

Air Combat

 A Day of Fighting Off Bandits!
Herring Bone Trading Day.  As much Give as Take Away with the Result back in the Golden Zone.
For a Complete Replay, Click on or Paste the following URL.
http://gallery.me.com/peterballenger1#100223

Tuesday, February 8, 2011

Climbing the Moutntain!

The Market Ignores Negative Issues and Just Keeps Marching On!  Get in the Way, and You Can Get Hurt!

(CLICK IMAGE TO ENLARGE)
SPY 1 Day, 5 min. - 2.8.11 - Setup at the Open shows Regression Channel, Volume Profile, Bell Curve Projection (Golden Zone). and Active Trader.  Combine this information with Internals like TICKs & Breathe can provide Valuable Information on Subsequent Price Action.

 Breakout from Regression Channel at 9:15 Supported by TICKs and Active Trader Paved the Way to Higher Market Move.
SPY 1 Day, 5 min. - 2.8.11 - Early Breakout at 9:15 to the Upside Continued into the Close.  Price Action Exceeded the Golden Zone into New High Territory.  There was No Break in the Momentum during the Session.  From a Technical Perspective, this was a Perfect Day.

Monday, February 7, 2011

The Golden Zone Glitters!

 Gold is in Them Thar Hills

CLICK ON IMAGES TO ENLARGE
SPY 20 Day, Hourly - 2.7.11 - In Spite of all the Negatives, the Market Surges on.  Today the SPY even Popped above the Trend Channel.  There is a Danger of Price Action getting Ahead of Itself.  There are a Lot of Reasons to Expect a Pull Back.  But, that is an Olde Story

  

SPY 2 Day, 10 min. - 2.7.11 - The Golden shaded area or "Golden Zone" represents the Area of Most Transactions (70%) in the last Trading Session.  This Zone acts as a Center of Gravity in which or from which the Market Trades in the next Session.  Recognizing its Significance is Important to your Trading Health.  We plan to follow this Indicator in upcoming Blogs as an Idea that makes Sense to the Potato Trader.

Sunday, February 6, 2011

The Devil is in the Details

Make a Move and I Gotcha!

CLICK ON IMAGES TO ENLARGE

SPY 20 Day, 2 Hour - 2.4.11 - Longer Term Trend continues UP!  But, note the divergence between the Price Action and the Longer Term "On Balance Volume."  This would suggest less Money Flow going to Support the Move.  In addition the Price Action is in the Upper Quadrant of the  Channel.  Could we be "Running out of Steam?"

SPY 2 Day, 5 min. - 2.4.11 - Friday's Price Action was Bullish with a move into a Higher "Value Area."  On Balance Volume was consistent with the move.  Yellow Lines depict Mondays "Value Area" High and Low.  Continued concerns about the Middle East just add potential Volatility to the Market making Direction Decisions more difficult.

Thursday, February 3, 2011

Range Bound & Looking for The Break

Just a Matter of Time - Which Way?

CLICK IMAGE TO ENLARGE

SPY 5 Day 30 m. - 2.3.11 - Support & Resistance Frame Range of Last 3 Days

SPY 20 Day Hourly - Channel Trend is Bullish - Price Action in Upper Quarter of Channel - Bulls & Bears Tug at Market Direction 

Tuesday, February 1, 2011

The Market Roars Back!

Market is Powered Up for a Sprint in Spite of Middle East Concerns

(Bike courtesy of Dr. Elizabeth Riseling)

CLICK IMAGES TO ENLARGE

SPY 5 Day, 15 min. - 2.1.11 - The "Egyptian Dip" was Quickly Erased by a Rally Back to the Highs of the Channel Trend.  On Balance Volume and MACD were both On Board as were the AD Lines and UVOL/DVOL.  A Pause or Consolidation Rest would be Understandable after all this Action.


SPY 20 Day, Hourly - Bullish Trend Channel is Depicted.  The Line Depict One and Two Standard Deviations from the Mean.  This is a Linear Bell Curve and is Based on Statistical Probabilities (not artwork).