When Least Expected!

Once there was a breakthrough, there was no holding it Back.  The Bull are in Charge.  All Bears are in Retreat.

2 Day, 5 min. -  May 29 - Unimpressive internals and choppy market action for most of the session.  After everyone had gone to sleep the Bulls jumped out of their pens and went at it with a vengeance.  There were incredible market gains in the last 30 minutes of trading.
5 Day, 15 m. - May 29- A Channel placed on the chart amazingly shows the final destination of the move.
3 Month, Daily - May 29 - Instead of a Bear Tilt we are back to Continuation of a Bull Trend.  It is just so long that you can fight the market with what you believe will happen.

Roller Coaster Rumble

The Roller Coaster can be fun.  Today was not fun for most traders.  Lots of pain with all the ups and downs.  A great market for Spreads and Condors with their defined risk.
5 Day, 15m. - May 28 -A very volatile day of multiple ups and downs.  You had to be armor plated to deal with this one.  The market is a real battle between Bulls & Bears and awaits a breakout to one side or the other.
3M, Daily - May 28 - There seems to be a very slight tilt to the downside.  Prior support can act as new resistance.  Resistance will be challenged and it remains to be seen if it will hold.  A breakout below the channel would be very Bearish.

Food for Thought!

5D, 10 minute - May 27 - There is a lot to Ponder over.  The Market is "tight nite" and could bust out in either direction. It will come.
5D, 10 m. - May 27 - Lots of Whipsaw action today.  No clear direction was apparent.  Market closed weak.
3M, Daily - May 27 - The interesting thing here is the tight confluence of potential direction.  It could and probably will burst out with enthusiasm "Up or Down."

Having Fun with the Bears

I Keep Popping Up om Unexpected Places!

5D, 10m. - May 25 - Shifting gears back into the High Road.  The Gap was closed.   Bullish Trend has resumed.  Trade entry is highlighted with Gold Spots.

3M, Daily - May 25 - Trends and countertrends.  Take your choice.  The market seems fickle.

"Remember the Fallen who Died to Preserve Our Freedom!"

"We extend our heartfelt gratitude to those who have served our country in its times of need.  Celebrate Memorial Day being always sensitive to the Real Reason for this Holiday."

"The Water;s Feeling Great - Let Me Be!"

"I'd Like to Soak this up for Awhile."

2D, 10m. - May 22 - Channel Trend has been down.  Market opened in lower channel and advanced to the upper arm and went sideways only to collapse back to the trend line near the end of the session.  The three day weekend injects another feature into what happens next.  The short term trend is down.
5D, 15m. - May 22 - Again the Bearish Trend is apparent short term.  This move comes after an extended Bull run.  This is a short term correction and its extent is uncertain.  Important support is at 88 on the SPY and 880 on the SPX.  These are important levels to watch.  If 88 does not hold it would indicated a lower market in the near future.
3M, Daily - May 22 - Long Term perspective is important in technical analysis.  A recent tilt to the downside is seen in the Trend Channel.  Again 88 is an important level to watch.

Bear Play Resumes

The Bears are Splashing Back into Action?  How long with they Stick Around?

2D, 5m. - May 21 - This was the second trending day to the downside in what has been anticipated as a long overdue correction or "pull back".  We had a nice put trade that went with the Trend.  Internals were weak and supportive of a bearish move in the market.
20D, 30m. - May 21 - Following the Channel Trends can be interesting.  It has been straight up for so long that a break has become exciting in interesting.  The Chart would suggest a rollover and a move to the South Side.  Support at the bottom of the Channel is critical for the Bulls.  Penetration of that level would be very Bearish.
3M. Daily - May 21 - Again we see a suggestion of a downturn and a break in the Trend.

It's about time I got back into the act!

I've been in hibernation too long.  I'm coming out and I'm ready to fight.

2D, 5m. - May 20 - The market was relatively flat yesterday and started up on strong internals this morning but faded into a "symmetrical decline" and ended up with a bearish mode.  We made not trades as I have been on the sidelines with a carotid endarterectomy.  I want to thank all my family a friends for their support.  I am now back at home having spent one night at the hospital.
20D, 2hr. - May 20 - The market has had a dominant channel to the upside for the past 6 weeks.  It would appear that we have now developed a downward correction trend that seems significant.  This movement to the downside should be taken seriously.  At the same time the market has a way of confounding us by ripping up in the face of bad news.  Technically it would indicate a bearish tone at the moment.
3M, Daily - May 20 - Long Term Bearish, Intermediate Term Bullish, Short Term Bearish.  The Trend is our Friend.   It is out job to identify the trend of the moment and go with it.  Have a plan, stick to the plan, be disciplined and get out if it goes against you.  Defending our capital has got to be a number one priority.  If we have not capital, we have no trade.

I am glad to be back.

Temporary Surgical Leave of Absence

I plan to be back soon.

Great Trade, Snatched Away!

In the moment of expectation, it was snatched away!

2Day. 5 min. - May 18 - All systems were on Go.  The Internals opened on Fire.  The Trend was up.  The Trend Channel was established as being Bullish.  With discipline the trade was entered and then followed in an upward direction.  Appropriated stops were placed to defend the downside.  When everything look great a sudden "pick pocket" move to the downside stopped out the trade.  The disappointing thing was to watch the market rally back to the upside.
10D, 30m. - May 18 - A sudden jerk to the upside with atypical symmetry occurred today.  Tomorrow will require a correction to make it appear more natural.
30 Day. 2 Hr. - May 18 - Trend remains Bullish in spite of skeptics. 

Has the Market Got Your Goat?

Markets go Up and Markets go Down.  Take your pick!

2D, 5m. - May 15 - Beautiful day with Trend to the downside.  A great trade occurred when the price action bumped against the top of the channel.  This was an ideal place to enter a Put.
5D, 30m. - May 15 - Have a plan and stick to it.  Do not deviate.  Discipline is number one!
20Day, 2 Hour - May 15 - The Trend is Our Friend.  Trust it!

"The Bulls Bounced Back, Will it Last?"

"I Just Love to Pull My Tricks on You Bears.  Ever See a Bull Dance!"

5 Day, 15 minute - May 14 - We had conflicting trends today and it made it difficult to commit to one direction or the other.  Intuitive feelings suggested that an upside move was underway but the Internals combined with other indicators and, in particular, the contrarian trends inhibited pulling the trigger.  The end result was an up trending day within a short term pull back trend.  Personally I could not see a low risk trade today and did not take a position.
20 Day, 2 Hour - May 14 - Intermediate Term Bullish Trend punctuated by a Short Term Pull Back Trend.  This contrasting persuasion in the market indicators made it difficult to commit.  The end result is that the price action is low in the channel.  Based on Trends alone this would suggest a Bullish Move on Friday.  A break below the channel would be very Bearish.
3 Month, Daily - May 14 - Keeping an eye on the longer term trends are important to you economic health.  

Thumper Shows the Way. Follow the Tracks!

Trend Lines and Rabbit Tracks have a lot in common.  They should make you look that way.

5 Day, 15 min. - May 13 - Our trade analysis of the day was based on observing the overall trend to begin with.  It was headed down.  We then followed the progress or lack of of the internals (A/Ds & UVOL/DVOL.  The momentum was down so we entered a Put Trade @ 89 on the SPY.  This was closed out at the lows of the day with the expert advice of my on board technical advisor who punched the trigger at the perfect time while I was absent.  We made $120 on this cooperative effort.  Thank you Maury.
3 Month, Daily - May 13 - The Intermediate Trend is Bullish.  There is a current Bearish Countertrend.  We need to be on our toes as to where we go from here.  The momentum is down but the market has a way a reversing very quickly.

Tracks & Trends Show the Way!

Tracks are tracks.  They do lead somewhere and it may be where you want to go.

5 Day, 15 min. - May 12 - The Intermediate Bullish Trend has been at least temporarily broken by a short term bearish move in the last two days.  The Internals and trend to the downside offered excellent opportunity for intraday trades.  On going Iron Condor trades have moved favorably in our Delta Neutral Portfolio.  One such trade has been featured in Condor Country near the lower end of the Blog.
20 Day, 2 hour - May 12 - Intermediate Trend continues Bullish.  There has been a corrective pull back in the last two days.  Momentum is centered at this time.  Support can be expected in the lower elements of the channel range.
3 Month, Daily - May 12 - The Bullish Move of the last 6 weeks has been impressive.  Of course, about the time that we think the road ahead is paved without curves, curves will develop.  It is hard to expect this Kansas Straight Highway to maintain this consistency.

Some Serious Study is Needed Here!

We seem to be at a crossroads.  Let's take a close look before jumping in too soon!

2D, 5 minute - May 11 - Today we had a break in the Bullish Trend.  There was a gap down followed by a mostly sideways day but with weak internals.  There was no aggressive selling and at the same time there was no strong Bullish effort to sustain the recent rally.  The day ended with a weak close.  The sideways action with lack of momentum kept us on the sidelines.  Our Time Decay Iron Condors performed well in this environment.
10D, 30 minute - May 11 - The current intermediate trend is easily demonstrated.  We did get a break below the ascending triangle that was suggested yesterday.  Today there was a gap down followed by a day of weak internals and no real momentum to recapture the Bull move.  While the market did close with a whimper there was no aggressive selling.
3M, Daily - May 11 - The Intermediate Trend remains up, but there is a suggestion of weakness with the break of the ascending triangle.  This would indicate that we may have some additional pull back.  There are no guarantees in the market.  "Technical Analysis is a windsock, not a crystal ball." - Carl Swenlin, <>