The Balloon Popped - Direction Uncertain

 Who Let the Air Out?

The Aerial Balloon in Suspension shown Yesterday fell as Expected and the Gap was Closed.  80% go Gaps Fill as did this one.  The Week ended with a strong Close.  The Market is still in Limbo and trying to Determine Direction.

Trial Balloon

 

Rising on Air

 

SPY 20 Day, Hourly - 3.3.11 -Could this be a Punt?  Lots of Gaps in Recent Sessions.  80% of Gaps Close.  The Market is Bipolar until this Limbo is Resolved.  Approach with Caution.

Bernanke Speaks, The Market Leaks

 He Talked all Day - Market Down all Day

 

Speaks for Itself!

Bull Speed Ahead!

 

This is Fun!  Right?

 

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/ES (S&P) 1 Day, 512 Ticks - 2.28.11 - Gap up followed by midday pull back and rally at the close.  Bullish Outlook for Tuesday at the Open.  On Balance Volume complimented the moves.

 

SPY 10 Day, Hourly - 2.28.11 - Bounce off of Support appears to have the market moving back into the Primary Trend.

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.  

Geo-Political Market Volatility

 The Middle Eastern Lamp is Lit - The Genie is Out of the Bottle

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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.

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.

Fire Storm on Wall Street!

 

The Bears have no Water

 

SPY 1 Day - 2.17.11- On Balance Volume led the Charge!

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

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A Charge Up San Juan Hill?

 Looks Like a Stampede to Me.  It Could Get Spooked!

 

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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!

Winding Up the Spring for a Leap Forward

 Preparing to Pop the Box

 

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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