Tuesday, January 25, 2011

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.

Monday, January 24, 2011

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.

Sunday, January 23, 2011

Time to Ponder

Do I Jump or Not Jump.  That is the Question.  And if I Do Jump, Which Way Willie?

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SPY 10 Day, Hourly - 1.22.11 - Long Term Trend remain UP.  Short Term the Outlook is Mixed.  The Moving Averages, MACD, and On Balance Volume are all Neutral in the Near Term. 

Thursday, January 20, 2011

Breakout Excitement!

Time to Get Hoppin'

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SPY 1.20.11 - Breakout over Trend Combined with Breakout of On Balance Volume

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SPY 1.20.11 - Breakout Over Trend combined with Reversal of MACD and OBV - Trendlines and Indicators are Powerful when Coordinated.

Tuesday, January 18, 2011

Going with the Flow!

I'm Happy if Momma's Happy - Keep it UP!

SPY 3 Month, Daily - 1.18.11 - The Chart is Self Explanatory.  On Balance Volume supports the Move to the Upside.

SPY 1 Day, 10 minute - 1.18.11 - On Balance Volume and Price Action support one another to the Upside.  The Horizontals on the Right Demonstrate "Volume Profile" which portrays the Prices at which  trades take Place.  The Longest Tongue is the Price at which the majority of Trades took place.  This is helpful in showing a current trading range in which can be Value as perceived by traders.

Monday, January 17, 2011

One Step at a Time


Market is Stair Stepping Upward - Rest Periods Noted!

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SPY 20 Day, 2 Hour - 1.14.11 - The Trend Continues Upward - Gap Ups are being Followed by Periods of Consolidation. 

Friday, January 14, 2011

Stair Stepping Up

Swing Trading Can Be Slow Dancing!


SPY 20 Day. 2 Hour Chart - 1.14.11 - Breakout from Range Bound 3 Day Action.  The Trend has been UP{ all the time, but the Market must Digest Change.  The Trend Continues Bullish!

Play of the Day - On Balance Volume Breakout signaled a turn to the upside.  Regression Channel analysis pointed us in the right direction.  The Channels pictured above were not changed following the breakout.  The Projection was very accurate.

Thursday, January 13, 2011

"Digesting the Hog Continues"

You Just Can't Eat the Whole Thing at Once

SPY 20 Day, Hourly - 1.13.11 - "Up and Sideways" - This is a common pattern.  When the market takes a leap forward there is back and filling as the move is digested.  If there is Strength and Momentum the Market Should Move to Higher Ground.  The Longer Term Trend remains UP.

Wednesday, January 12, 2011

Pop UP! Is it for Real?

Well, How About That?  What a Surprise?  Pop Up out of the Box!  

SPY 20 Day, 2 Hour - 1.11.11 - Range Bound Market Broken to the Upside1

Tuesday, January 11, 2011

Range Bound Prior to BreaKout or Breakdown!

Who's Turn is This!  It's My Time to Win.

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SPY 20 Day, Hourly - 1.10.11 - Long Term Trend is UP.  Short term we a caught in a Range or 2 or 3 Points.  The Chart Supports the Idea of a Breakout to the Upside.  At the same time, the Market has a way of disappointing the Expected.  We are all Looking at the Same Movie.