Transaction Junction!

SPY3 M. Daily,  9.27.10 - You Tell Me!

MNX 3 M. Daily - A Bit More Positive!

Determine the Trend is Fundamental

The Trend is Your Friend - Without a Sense of Direction We are Lost!

MNX 3 Month, Daily - CCI Crossovers followed by PPS Long/Short Signals with confirmation by W%R and MACD (highlighted by ovals on chart) help determine the short term trend for Swing Trades (This is of minimal help in Day Trading).

SPY 3 Month, Daily

DJX 3 Month, Daily

IWM 3 Month, Daily

Get on the Right Side of the Potato!

There is a Top Side and a Bottom Side.  Be on the Right Side!

Potato Grande!  Twelve Days.  Follow the Yellow Road!

I Been Hit in the Head, but I see some Possibilities!

What goes up has got to come down.

What goes straight up will not last.  Next leg could be down.

Box to Box Trading Can be Fun! Just Pick the Right Direction.

Who knows what comes out of the Box.

The Market runs from "Box to Box."  Each box is consolidation and will ultimately resolve in a Breakout.

Volatility From Box to Box

Keep Your Eye on the Bouncing Box!

SPY 20 Day, Hourly - 9.7.10 - Boxes can be Opportunities as they Present Breakout Possibilities.  Just Pick the Right Direction.

Ya Gotta Stick Your Neck Out Sometime!

Hibernation can only go on so long.  Time for a breather.

TBT - Inverse US Treasury Bills.  Price Action broke resistance and Person Pivots show a move to the upside.  Longer intermediate trend is still bearish.

DX - US Dollar Index - Rally has subsided for the moment.  DX has an inverse relationship with the market.  Dollar Down>Market Up.

SPY 6 Month, Daily - Box breakout to the upside.  Recent pattern of big moves pre-market with chop during market hours.  Spreads might be the answer if direction seems apparent.

Bulls & Bears Go Head to Head!

What's Up!

TBT - US Treasuries - Decline in Treasuries is Bearish for the Market.  Money moves out of equities into safety.

/ES - S&P Futures - Person Pivots suggest a less volatile session tomorrow with a trend to the downside.

Box to Box Trade - Person Pivots point down so the logical conclusion combining this information would point to a lower market.  "When the Obvious is Looking you in the Face, the market is well known to do the opposite.

(Never, ever take anything on this Blog as a recommendation to trade or invest in any issue shown here.)

Box Breakouts for Profit Opportunity!

Boxes are created by Congestion.  Many traders view these times as boring Chop.  They are really Opportunities for Profit Breakouts.

Each Box represents a Battleground between Bull & Bears.  The trick is to catch the breakout.  Lot for Trendline breaks confirmed by MACD crossovers.

Who Falls Down First?

Options Expired - The Party Goes On!  What's Next?

(Click on Chart to Enlarge)

SPY 20 Day, 2 Hour - 8.20.10

The Market has moved in a relatively confined range for several months.  There has been considerable volatility between support and resistance.  You can see the frequent gaps up and down.  During the Consolidation phase (Battleground) seen in the above chart, notice how the MACD drifted lower during this phase.  This was followed by a gap down and market decline.  At this juncture the market could go either way (as always).  The Green Spot in the MACD shows an up trend as opposed to the Consolidation earlier.  Perhaps there is a message here.