Sunday, February 27, 2011

The Market is the Market in Spite of the Mess in the World!

 When I Think Too Much, I Just Get Smashed!  Pay Attention to the Charts for Direction!
 Think what you want about all the problems, but, the Market Moves On!
SPY 20 Day, 2 hour - 2.25.11 - Pull Back in Response to Middle Eastern Unrest.  The Trend is UP!

SPY 10 Day, 1 Hour - 2.25.11 - Bounce Off Support.  Trend is Toward Recovery.  

Friday, February 25, 2011

Geo-Political Market Volatility

 The Middle Eastern Lamp is Lit - The Genie is Out of the Bottle
 CLICK ON IMAGES TO ENLARGE

SPY 3 Month, Daily - 2.24.11 - Longer Term we are at Trend Line Support
SPY 20 Day, 2 Hour - Shorter Term Trend Line Support is Broken

SPY 10 Day, Hourly - Price Action Challenges Support at 130.  There could be a Bonce from here.

Wednesday, February 23, 2011

Libyian Unrest Rocks the Markets

 International Uncertainty Prevails

S&P Futures Suggest a Bounce after the Slide on Tuesday.  Caution is Prudent given the Market Sensitivities to News Events.  The Chart demonstrates the Steady Decline in Price Action complimented by the On Balance Volume indicator.  Recovery is seen headed into the Golden Zone of "Value".  This is a 6 AM Point of View on 2.23.11.

Thursday, February 17, 2011

Fire Storm on Wall Street!


The Bears have no Water


TO REPLAY TODAY MARKET ACTION COPY & PASTE THIS URL INTO YOUR BROWSER

http://gallery.me.com/peterballenger1#100281

Wednesday, February 16, 2011

A Charge Up San Juan Hill?

 Looks Like a Stampede to Me.  It Could Get Spooked!
CLICK ON IMAGES TO ENLARGE
SPY 20 Day, 2 Hour - Channel Trend Continue UP!  When all looks Rosie, it may be Time for Caution.

SPY 5 Day, 30 min. - 2.16.11 - Gap Up!  New Highs!  Take Care!

Tuesday, February 15, 2011

Winding Up the Spring for a Leap Forward

 Preparing to Pop the Box
CLICK IMAGES TO ENLARGE
SPY 5 Day, 30 min. - 2.15.11 - Following a long burst of Bullish Move, the market has to pause and digest and after a few "Burps" will Spring Forward assuming their is Bullish Money on the Sideline.
SPY 20 Day, 2 Hour - 2.15.11 - Channel Trend is Up.  The Easier Trade is With the Trend and Not Against it.

FOR A GALLERY SLIDE SHOW REPLAY OF TODAY'S MARKET, COPY AND PASTE THE URL:
http://gallery.me.com/peterballenger1#100265

Monday, February 14, 2011

What's your opinion?

One Book, Different Opinions.  That what makes a Market!
CLICK IMAGES TO ENLARGE
SPY 2 Day, 10 min. - 2.14.11 - Bullish Move Continues but with a Slow Grind

20 Day, 2 Hour - 2.14.11 - Channel Trend is UP, but it is Excalating.   That could lead to a Blow Off! 

To VIEW a SLIDE SHOW of TODAY'S MARKET,  COPY and PASTE the URL into Your Browser..

http://gallery.me.com/peterballenger1#100257

Saturday, February 12, 2011

Spring Loaded Launch - "Sleeping Tiger Action"

 A Sleeping Tiger is Saving Up His "Spring to Life" Energy
A Side Way Moving Market is Doing the Same Thing.
 CLICK ON IMAGES TO ENLARGE
 SPY 5 Day, 15 min. - 2.11.11 - The Spring Sprang!  Bullish Move to the Upside.
SPY 20 Day, 2 Hour - 2.11.11 - Channel Trend is Decidedly Bullish.  On the Cautious side Price Action is High in the Channel which may result in a Pull Back.

For a Slide Show Replay of Market Action on 2.11.11 go to:

http://gallery.me.com/peterballenger1#100249

Friday, February 11, 2011

Breakout from Confinement!

 It is Good to be Free!
SPY 1 Day, 5 Min. - 2.11.11 - Price Action Breakout coordinated with On Balance Breakout led to Greater Gains Today.

Thursday, February 10, 2011

"Don't Fence Me In"

Shade Beats a Fence
SPY 5 Day, 14 min. - 2.`10.11 - Range Bound Market all this Week.  Breakout Pending, but, Which Way?

SPY 20 Day, 2 Hour - 2.10.11 - Consolidation Pause Before the Breakout!  Trend is Bullish.