Sunami Market!

 Roll with the Waves

 

SPY 20 Day, 2 Hour - 3.15.11 - Bottom of the Box Broke!  The Big Question now is Will the Market Rebound or Continue to Retreat?   There are Good Arguments for Both Cases.  Right now the market is driven by news related to Japan and Libya.  Neither has much to do with Fundamental Analysis or Technical Analysis.  It is more related to Emotional Analysis which is more difficult to factor.  This equates to "VOLATILITY."

 

Waiting for the Box Top (or Bottom) to Pop

What are We Waiting For?

 

SPY 20 Day - 3.11.11 - Slight Breakout on the Bottom Side but Followed by Recovery.  This Leaves the Resolution Hanging.  Geo-political and Geological (earthquake) Issues Muddy the Water.

Breaking Out of the Box?

 

 "I'm Fed Up with these Bulls.  It's My Time for a Change."

The Box May Break out to the Downside - The Trend is in That Way.  On Balance Volume is in Decline.  MACD is Down.  The 50 Day Moving Average has not Held.

The Market can Sputter, but I'm Goin' to Strutter!

 

This is Mardi Gras Week, so "Who Cares?"

SPY 20 Day, 2 Hour - 3.8.11 - Range Bound Price Action Prevails.  Volatile Price Action within the Range make for Trading Inconsistencies.  Caution is the Bottom Line.  Sooner or Later there will be a Breakout and It could be Significant in Momentum.  This is a Classic Sleeping Tiger Setup as Explained in the Sidebar.

Don't Box Me In!

 

Will the Market Pop Up of Pop Down?

 

SPY 20 Day, Hourly-3.7.11- Boxed In and Range Bound.  This Pattern is Begging for a Breakout.  Take your Choice!

The Balloon Popped - Direction Uncertain

 Who Let the Air Out?

The Aerial Balloon in Suspension shown Yesterday fell as Expected and the Gap was Closed.  80% go Gaps Fill as did this one.  The Week ended with a strong Close.  The Market is still in Limbo and trying to Determine Direction.

Trial Balloon

 

Rising on Air

 

SPY 20 Day, Hourly - 3.3.11 -Could this be a Punt?  Lots of Gaps in Recent Sessions.  80% of Gaps Close.  The Market is Bipolar until this Limbo is Resolved.  Approach with Caution.

Bernanke Speaks, The Market Leaks

 He Talked all Day - Market Down all Day

 

Speaks for Itself!