Dollar Up in Smoke - Market on Fire!

 Debt Crisis and Demise of the Dollar Dominates the Scene

SPY 30 Day 2 Hour - 4.28.11 - There are Ups and Downs in the Market, but trading with the Trend has obvious advantages.  The "Trend", in fact, is the most important tool in the investor/trader toolbox.  It is so obvious and yet frequently disregarded.

This Market is Something to Crow About!

 Let's Hope I Don't Lay an Egg!

SPY 30 Day, 2 Hour - 4,27.11 - Trends are best analyzed on the longer term.  This chart is a 30 Day chart which is actually a 6 week period of time.  The Trend is UP.  Old Resistance becomes New Support.  Pull Backs to Support are Bought at Support preparing for the Next Leg UP.

Bullish Breakout Over Resistance!

 How about that?  Knocked down that fence like it wasn't even there!

SPY 20 Day, 2 Hour - 4.26.11 - Bullish Trend is "Back on Track."  Resistance should now be New Support.  The "S" factor is Bullish.

Market at Resistance

 Resistance Looms Overhead

SPY 20 Day, 2 Hour - 4.21.11 - Large Gap Up Last Week Creates Questions on the Next Move.

Celebration of Earnings!

 Earnings Beat Expectations & the Market Reacted

SPY 30 Day, 2 Hour - 4.20.11 - Large Gap Up on Earning Reports.  Considerable Resistance Lies Just Above,

What's a Bear to Believe?

 I Think I've Seen this Before!

SPY 20 Day, 2 Hour - 4.12.11 - Pull Back seeking Old Support.  Do we get a Bounce or a Lower Low?

Thought We Had Good a Grip on Things?

 A Sure Thing is Never, Ever a Sure Thing

SPY 20 Day, 2 Hour - 4.11.11 - What Looked Like a Firm Foundation was Shifting Sand.  Next Stop 132.00 for Support on the SPY.

Sleeping Tigers Build Up an Appetite

 Appearances can be Deceiving

SPY 20 Day, 2 Hour - 4.8.11 - Range Bound but at Support.

The Fences remain Intact - Range Bound Market

 

 See Saw Price Action Prevails

  

SPY 20 Day, 2 Hour - 4.7.11 - No Breakout from narrow sideways market.  Breakouts can be dramatic in either direction.  The Primary Trend is Up.

Checking the Fences

 

Looking for Breakouts in a Range Bound Market

 

SPY 20 Day, 2 Hour - 4.6.11 - Channel Trend is UP but Short Term the Market has been Sideways

 

SPY 2 Day, 15 minute - 4.6.11 - Mirror Images of the Last Two Sessions.  Traders looking for a Breakout (UP or DOWN)

Bounce Off Support

 Bounce Off of Support in Trend Channel

 

SPY 20 Day - 4.5.11 - Trend Channel is UP.  Above Moving Average.

Channel Cats in Action

 Channel Cats move from Bank to Bank

 

SPY 20 Day, Hourly - 4.4.11 - Pull Back within the Channel is noted.  Market Action is seeing Support.  Buy Opportunity may Happen.

The Trend is You Friend!

 The Trend is Up!

SPY 20 Day, 2 Hour -  4.1.11 - Price Action tends to form a channel on one direction or the other.  Breakouts from this Channel can signal a New Direction.