Sunday, August 15, 2010

Bears Plan a Knock Out Blow!

We Bears have plans for the Bulls.



DX (US Dollar) Rally is Bearish for the Market.
TBT (Long Term Treasuries) are Bearish which is Bearish for the Market.

Box Breakouts can be good Set Ups.  The market moves from one consolidation zone to another.  Detecting the Breakout Direction is the Trick.

Thursday, August 12, 2010

Box Breakouts for Profit Opportunity!

The Profit lies Between the Boxes, Not Inside the Box!

SPY 10 Day, Hourly - 8.12.10 - Playing the Breakouts can be a lot of Fun when you're on the Right Side of the Trade.  Combine the Breakouts with the MACD and other Indicators as explained in the "Sleeping Tiger Trade."

You Guys Thought I Was Washed Up!!

Move Over, Bulls - I'm Back!

US Dollar Rally Bearish for the Market

US Treasury Bonds at the Low.  Bearish for Market.

SPY 10 Day, Hourly - 8.11.10 - Sitting on Day Low - Potential Break to the Downside a High Probability!  (Click on Charts to Enlarge)

Monday, August 9, 2010

"Consolidations Offer Opportunities - Look for Breakouts!"

A Sleeping Tiger may wake up Hungry!

SPY 20 Day, 1 Hour - 8.9.10 - Congestion and Consolidation may be boring but sooner or later it results in a Market Move.  The Hungry Tiger lies in Wait for the Opportunity to Pounce.

Sunday, August 8, 2010

Confusion Junction! Bears in Despair!

Fundamentals Down - Technicals Bullish!

TBT - US Treasuries - Decline in Govt. bonds is Bearish as money moves into Safe Havens.
US Dollar - In Decline - Tends to be Inverse relationship to the Market.  Bullish as opposed to the TBT.

SPY 7.6.10 - S&P 500 - Trend is UP on Longer Term Chart.  Price Action approaching Resistance.  
MACD Bullish.

Tuesday, August 3, 2010

Which Way Does the Worm Turn?

Sidewinder Action with a Bullish Bias



SPY 60 Day,  2 Hour - 8.3.10 - Resistance above and the longer term trend is down.

Friday, July 30, 2010

"I'm Back on the Range Again"

Range Bound Market

SPY 20 Day, Hourly - 7.29.10 - Fenced In for the time being.  Market looking for a breakout as Bulls and Bears battle it out.  No clear winner at the moment.

Tuesday, July 27, 2010

Bulls Keep Control of the Throttle

Just Looking for a China Shop


SPY - 20 Day, Hourly - 7.26.10 - Rally breaks out to higher ground.  Resistant lies overhead.

DX (US Dollar Index) - As the dollar weakens, the broad market advances.

TBT (US Treasury Notes) - Moves in direction of the market.  Break in trend is something to watch as overhead resistance is close at hand.

Sunday, July 25, 2010

Volatility Mixed with Breakout!

Devil's Den Trading

Breakout from a Downtrend - Will it Move On?

Friday, July 23, 2010

Riding the Range - Checking the Fences

On Watch for Breakouts in Range Bound Market

SPY 20 Day, Hourly - 7.22.10 - Price Action at upper level of range.  Important resistance just overhead.  (Click Image to Enlarge)

DX - US Dollar continues to decline.  This has been Bullish for the Market.
(Click Image to Enlarge)

TBT - 20 Year Treasury Bonds - Short Term Rally is Bullish for the Market
(Click Image to Enlarge)