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?

Keep Your Eye on the Dollar - Is it Weak or Strong?

US Dollar Continues to Gain Strength.  In a Weird Way this is Negative on the Market.

DX-US Dollar-11.30.10- All Eyes on the Dollar-It Drives the Market

SPY 3 Month, Daily - 11.30.10 - Range Bound Market continues.  High of 120 and Low of 118 on the SPY.  Price Action today with a weak close suggest weakness at Support.  It remains to be seen if 118 can hold on the SPY.  So far the Bulls have supported and come Roaring Back at every Pull Back.

Situation Status Quo!

The Table is Open;  Take Your Choice!

SPY 3 Month, Daily - 11.29.10 - The Market is Range Bound in a narrow band on the SPY between 118.00 and 120.00.  Today the Price Action was contained in that Range.  The Market remains between the 20 and 50 Day Moving Averages which suggest lack of directional conviction.  The longer term trend is UP.  The odds are in that direction, but that is not a certainty.  Continue to watch for a breakout above 120 or below 118.  There is no divergence or difference in opinion expressed by On Balance Volume.  Volatility remains high so always expect the unexpected.

When Things Get Feisty, Look at the Bigger Picture

Two Weeks of Deuce Begs for a Breakout

SPY 3 Month, Daily - 11.26.10 - Rectangle demonstrates a range between 118 and 120 on the SPY.  On Balance Volume confirms.  Price Action is between the 20 & 50 Day Moving Averages.  This is the Devil's Den that we try to avoid.  Trading in the Den can be hazardous as the market direction is undetermined.  It is a battleground between the Bulls and Bears.  When a fight breaks out in a bar, the best thing to do is leave.  The longer term trend is up so the trade to look for would be a breakout above 120.  (This is not a prediction.  The market could go the other way as well.)   My personal plan is to wait and watch for a breakout.  I'm watching the fight from the sidewalk.

Bombs Burst and Market Flinches!

Uncertainty in Korea has Market on Edge

DX (US Dollar) Continues to Rally with EURO in Decline.

ES (S&P Futures) in Decline as Market Retreats from Uncertainty.  Technicals remain important in Market Analysis, but Major News Events and Global Uncertainty can Dominate Financial Decisions.

The Dollar is Smokin' - The Market is Coughin'

US Dollar Rally Continues > Pressure on the Market

DX (US Dollar) Trending Up

SPY 3 Month, Daily - 11.23.10 - Trending Down

SPY 20 Day, Hourly - 11.24.10 - Trending Down - Key Support @ 118.00

Trading is the Analysis of Probabilities

First and Second Standard Deviations Often Define the Issues.

DX (US Dollar) in Decline after a Rally.  Broke 1 1/2 Standard Deviations to the South.

SPY 20 Day, 1 Hour - Broke 1 1/2 Deviations to the North.

DIA (DOW) 20 Day, 1 Hour - Broke 1 1/2 Standard Deviations to the North.