Support and Resistance - Offense vs. Defense!

The Defense Won the Day - The Offense is in the Huddle

SPY 2 Day, 10 min. - 12.13.10 - Pullback as Anticipated in Yesterdays Blog.  The Longer Term Trend is Bullish.

SPY 1 Day, 10 min. - 12.13.10 - The Power of the On Balance Volume indicator associated with Price Action is Evident in this Chart.  There was a sideways action for the most part with a significant pull back late in the day.  Tomorrow is another question.  (Personal Opinion)  

There are Hundreds of Indicators available.  It is up to each trader or investor to pick and determine what works for them.  What is presented in this Blog is what I am currently interested in and trying to apply to my personal style of trading and investing.  I do not present this information as a formula for success to anyone else.  PB

What Goes Up Can Come Down!

Gravity Applies to Markets as well as it does to Roller Coasters

SPY 20 Day, Hourly - 12.10.10 - 20 Day Moving Average continues to support more move to the Upside, but the move is getting mature.  Caution makes sense at this juncture.  Indicators remain Bullish but it Pays to be Defensive at Times.  Pullbacks may prove profitable.  US Dollar value needs close attention as the Market stays sensitive to its Price Action.

At Resistance - Can It Punch Through to Higher Ground?

Third Time May be the Charm at 124 on the SPY

SPY 20 Day, Hourly - 12.9,10 - Overhead Resistance at 124.00 - Riding the 20 Day Moving Average.

Keep It Simple!

Bell Curve Shows Probable Deviations from the Mean!  The Market Behavior day to day is often governed by mathematical projections.  Traders should always pay attention to the Bell Curve Fibonacci projections.

SPY 20 Day, Hourly - 12.7.10 - Price Action is at the 20 Day MA (Holy Grail).  There is a high probability of a bounce from this position.    The technicals remain bullish.

Patience!

It Takes Time to Catch a Fish!

SPY 3 Monrh, Daily - 12.7.10 - Breakout Deserves a Rest.

SPY 3 Month, Daily - 12.7.10 - Take a Look at the Bigger Picture.  One Day Does Not Make a Trend.  Technicals Remain Bullish.

Break for Air vs. Corrective Pull Back?

"Just Stepping Out for a Smoke, Thank Your!"

SPY 3 Month, Daily - 12.6.10 - No significant technical change.  Market remains bullish until proven otherwise.

SPY 3 Month, Daily - 12.6.10 - CCI Bounding Upward.  Trendline is UP.  On Balance Volume supportive of upward movement.

GOLD (GLD) 3 Month, Daily - 12.6.10 - At the High!  Bullish for Commodities.

That Was a Tiger Moment!

Breakouts are Something to Smile About!

SPY 3 Mo. Daily - 12.3.10 - Breakout to New High on the SPY.  The Trend is UP.  The 20/50/200 Moving Averages are all trending upward.  The On Balance Volume is Trending Upward.  Prior Overhead Resistance has been Broken. The Move Should be UP.

SPY 2 Day - 12.3.10 - Volume Profile shows a New Action Zone has formed beginning late Friday.  The "Action Zone" as of Sunday night is highlighted by AZS (Support), AZR (Resistance), and AZP (Pivot).  This is a dynamic zone in which the price action is currently active.  The Heavy Lines are the Person Pivots which are mathematic calculations based on past performance.  On Balance Volume shown on the lower chart is trending to the upside.  Price Action is above the 20 Day Moving Average (Yellow Line).  All indications suggest continued momentum to the upside.  Having said that, pull backs or corrections are quite possible and even probable.  The market does not move in a straight line.

Breakout as Called For!

Sleeping Tiger Awakes - Box Breakout as Paves Way for Upside Move!

SPY 20 Day, Hourly - 12.3.10 - Breakout over Prior Resistance Leave a Clear Field Ahead.  Any Pull Backs are Potential Buy Points.

Box Breakout Continues!

Fun Things Can Come Out of a Box!

SPY 20 Day, 30 min. - 12.2.10 - Prior Overhead offers Short Term Resistance.  If the Bulls can Absorb this effort to "Get Even", the Market May well move Higher.

Box Breakout - Where do we go from Here?

Pop Out of the Box - Could this be a Beginning?

SPY 3 Month, Daily - 11.30.10 - Breakout from Box to the Upside -  Is There Momentum Behind the Move?