"Smokey Dough!

The Dollar Goes Down - The Market Goes Up

20 Day, 2 Hour - Nov. 16 - Progressive decline in the US Dollar draws defensive money into the stock market as an "inflation hedge." Commodity related issues benefit the most.

Market Mix could Explode or Fizzle!

Volatile Mixture of Market and Economic Factors Converge

20 Day Moving Average at a turn over point. Which way in uncertain.
Sideways movement could resolve to the up or down side.
20 Days, 1 Hour - 11.13.09 - Breakout could go up or down.
3 Month, Daily - Nov. 13 - Cycle would suggest a move down but this is no certainty.

Profit Opportunities in Reversal Recognition

Success is Measured in Profit. If there is no interest in Profit, you are just playing a game.

US Dollar has been under attack and has lost considerable value in the last 6 months. The decline in the Dollar has enhanced the value of commodities such as Gold, Copper, and Oil. Today the Dollar rallied and the market responded with a sell off. The two have run counter to one another.
Goldman Sachs (GS) is a Bell Weather equity and tends to run with and often lead the general market. GS has been in a bullish move as has the market. Today there was a pull back in both.
1 Year, Weekly - Strong Bull move for 6 months. (Long Term Perspective)
10 Day, 30 minute - Nov. 12 - Roll Over in the market with loss of support at lower level of trend channel. Suggests possible move lower in the days ahead.

The Bulls Have Set the World on Fire!

The Market is On Fire - Are There Any Firemen?

Goldman Sachs - 11.11.09 - Bull Move
XLF - 11.11.09 - Bull Move
SPY - 11.11.09 - Bull Move
2 Day, 10 min. - 11.11.09 - Sideways move - Longer Term charts would suggest that the move will be to the upside. If "short term" patterns are inconclusive, look to the longer term charts for direction.

Raging Bulls on a Tear

Bulls Ignore the News and Charge On in Spite of Economic Problems. The "Market is the Market" and the Economy is something else.

2 Day, 10 m. - Nov. 10 - Today was a sideways days following a strong upsurge on Monday. This is really a Bullish action allowing for consolidation and may precede another leg up.

20 Day, Hourly - Nov. 10 - Bullish Channel Trend is evident. The Market is approaching significant resistance.
GS - Goldman Sacks has proven to be a Market Bellweather. The Financials in general are in sympathy with the Market and the latter cannot really gain traction without them.
XLF - Financial ETF as with GS displays a Carbon Copy of the Market in General.

Premarket Information Can Set the Tone - Bears Attention!

When the Bull is Out of the Pen, He is Difficult to Subdue!

11.9.09 - Pre Market Futures can help define the tone for the day. The above information was available at 6 AM well before the market opened. Very often it is neutral and balanced but the above chart shows an overwhelming upward move in the futures. From this information it is easy to anticipate a bullish day in the market, especially with the open.
11.9.09 - The /DX (US Dollar) fell like a rock in the Pre Market and Signaled a Bull move in the market. In recent months the market has moved contrary to the value of the Dollar.

Multiple Time Frame Analysis

All Time Frames Consistent with Bull Move

1 Year, Weekly - Nov. 6 - Channel Trend is bullish on weekly chart. Note RSI snap back up.
3 Month, Daily - Nov. 6 - Price action above the 200 Day Moving Average (Bullish). Daily shows bounce off of support with resumption of upward pattern. Note the Moving Average Crossover to the up side.
20 Day, 2 Hour - Nov. 6 - The most interesting chart in the flock. Note the MA Crossover and RSI snap back up with confirmation of the move in the MACD. Note the move over the 200 Day Moving Average. All of these indicate bullish momentum prevails. The 20 Day chart offers an intermediate term view of the market that may support swing trader decision making. Think of it as a "Road Map" to the future. "Technical Analysis is a Windsock, not a Crystal Ball" - Carl Swenlin, Decision Point.com.
2 Day, 10 minute - Nov. 6 - Today's action was mostly a consolidation day. Note the tightening of the Bollinger Bands. This is "low volatility" and offers opportunity to take position that could become more profitable as volatility expands. Price action is above the 200 Day MA which is bullish. 200 Day MA is also on the rise consistent with the trend.

All Systems Go! The Gateway to Profits

"Bullish Trends on all Time Frames Point to Higher Market"

Monthly Pivots show progressive Bullish Trend Month to Month

Goldman Sacks is a non participant which is contrary to its typical behavior. Either the market will bend to GS or GS will join in the rally as it appears to continue bullish.

US Dollar continues to decline which has been Bullish for the market.

Monster Truck Rally Creates Volatility

The Fed stands pat but their comments create electrical volatility in both directions.

Goldman Sacks has been a bell-weather stock that has functioned as a direction finder in the markets. As seen above it has been in an intermediate term decline as opposed to the volatile ups and downs seen in the market. GS has been more consistent than many other indicators in confirming direction in the markets.
1 Year, Weekly - Nov. 4 - Are we at a breakout or a breakdown? Support appeared to fail but then the market reversed back above support. Was this just a fake out? Was this just emotional reaction to the Fed. We are firm believers in assessing the market in different time frames. Trade decisions should not be made without evaluating several time frame charts.
20 Day, 2 Hour - Nov. 4 - Battleground between Bulls and Bears within the Rectangle. Lots of volatility and multiple ways to get faked out and lose money. Trades are best made in periods of low volatility (Narrow Bollinger Bands). High volatility in the markets translates to emotional decisions which are rarely profitable.
Trade Page - Nov. 4 - Trade Page is composed of the ADs, UVol-DVol, MACD, CCI, RSI, & SPY. Combined this provides an instrument panel that allows the trader to keep abreast of the market at hand.

Breakout, Breakdown, Undecided!

There is a lot of uncertainty in the market at the moment. We are at a crossroads as to which way the market goes. Trying to maintain a neutral position really puts us in the middle. There are Bullish as well a Bearish indicators.
11.3.09 - Today began with a Bearish mode and quickly turned sideway to slightly bullish. ADs and UVol turned positive. It was a difficult day for directional trades.

2o Day, 2 Hour - Nov. 3 - Is this a breakdown or a potential breakout?
Ditto
1 Year, Weekly - Nov. 3 - Bullish Trend prevails.