The Devil is in the Details

 

Make a Move and I Gotcha!

 

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SPY 20 Day, 2 Hour - 2.4.11 - Longer Term Trend continues UP!  But, note the divergence between the Price Action and the Longer Term "On Balance Volume."  This would suggest less Money Flow going to Support the Move.  In addition the Price Action is in the Upper Quadrant of the  Channel.  Could we be "Running out of Steam?"

 

SPY 2 Day, 5 min. - 2.4.11 - Friday's Price Action was Bullish with a move into a Higher "Value Area."  On Balance Volume was consistent with the move.  Yellow Lines depict Mondays "Value Area" High and Low.  Continued concerns about the Middle East just add potential Volatility to the Market making Direction Decisions more difficult.

Range Bound & Looking for The Break

Just a Matter of Time - Which Way?

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SPY 5 Day 30 m. - 2.3.11 - Support & Resistance Frame Range of Last 3 Days

SPY 20 Day Hourly - Channel Trend is Bullish - Price Action in Upper Quarter of Channel - Bulls & Bears Tug at Market Direction 

The Market Roars Back!

Market is Powered Up for a Sprint in Spite of Middle East Concerns

(Bike courtesy of Dr. Elizabeth Riseling)

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SPY 5 Day, 15 min. - 2.1.11 - The "Egyptian Dip" was Quickly Erased by a Rally Back to the Highs of the Channel Trend.  On Balance Volume and MACD were both On Board as were the AD Lines and UVOL/DVOL.  A Pause or Consolidation Rest would be Understandable after all this Action.

SPY 20 Day, Hourly - Bullish Trend Channel is Depicted.  The Line Depict One and Two Standard Deviations from the Mean.  This is a Linear Bell Curve and is Based on Statistical Probabilities (not artwork).

"Damn the Torpedoes, Full Speed Ahead!

Egypt is Egypt & the Market is the Market

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SPY 20 Day, 2 Hour - 1.31.11 - World Affairs Aside, the Trend Continues UP!  Intermediate term the SPY is in in Mid-Stream.  The Green Line is the 20 Day Moving Average, Considered by Many as the Holy Grail.

SPY 5 Day, 15 min. - Bounce Off of Support with New Potato in Formation.  Those Pictures formed by the Moving Averages are the Potatoes.  All Down Potatoes Lead to Up Potatoes and All Down Potatoes Lead to Up Potatoes.  So the Secret is to Always be on the Right Side of the Potato.

SPY 2 Day, 15 min. - Contrary to the Conventional Wisdom that the Market does not Like Uncertainty, the Move Today was Bullish.  The Problems in Egypt and the Middle East have been Shrugged Off as Either Resolved or of Little Short Term Concern.  This May Still Come Back to Haunt Us.

All Eyes on Egypt - Lots of Uncertainty in the Air

Uncertainty in Egypt and Middle East 

Probable Flight to Safety on Wall Street

The Rope Broke - Market on its Head

Whoops!

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SPY 2 Day, 10 min. - 1.28.11 - Is the Trend at an End?  Massive Sell Off in Response to Egyptian Crisis.

SPY 20 Day, 2 Hour - 1.28.11 - Trend Line has been Broken to the Downside.  All Eyes will be on the Follow Through.  The Question is, "Is this a Stumble or  new Trend to the Downside?"

Tug o' War - Bulls and Bears - Outcome a Draw

This-A-Way & That-A-Way

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SPY 2 Day 15 min - 1.27.11 - Sideways Rangebound price action today.  If there was any bias it seemed mostly to the upside, but there was no breakout that could maintain momentum.  The chart shows the Support and Resistance Lines which have existed for the last two days.

New Highs in the Broad Market

Wow!  Look at That.

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SPY 20 Day, 2 Hour - 1.26.11 - Bullish Trend Continues into New High Ground.  On Balance Volume and MACD are Bullish.  Statistically 80% of Gaps Fill so there is a possibility of a correction or pull back before another thrust to the upside.

Trends are Trends and Patience Pays Off

Trends Do Not Move All in One Day - Take a Step at a Time

SPY 20 Day, 2 Hour - 1.25.11 - Solid Trend Up!  But, Not All at One Time.

Cock O' the Walk - Bulls in Control

This Market is Something to Strut About

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Simultaneous Breakout from Price Channel and On Balance Volume Channel

Long and Short Term Trend is UP.  MACD & OBV as well a price action is bullish.