"Sometimes the Best Defense is to Ball Up and Hunker Down"

"There is Nothing Wrong with a Passive Defense when Faced with Uncertainty."

2D, 10m. - Apr. 30th. - Early morning momentum led us into a trade to the upside which did not go well.  There was a nice move to the upside but it failed and fell back and the trade was stopped out with a small 25 cent loss.  From there the market continued its retreat.  The close was weak.
20D, 2 Hour - Apr. 30 - The Channel Trend continues UP!   The Trend is Your Friend so take care if you try and swim against it.
3M, Daily - Apr. 30 - Trend remains UP!.  Resistance sits like a lid on the market.  This has been highly touted as a Siegfried Line with iron clad defense.  That remains to be seen.  Perhaps the Hedgehog has it right.  Ball up and stay out of the way.

"Defense!"

"Nut'z"
2D, 10m. - Apr. 29 - Todays trade was picking up on the early morning momentum.  The first few 5 minute candles were positive and the AD's and UVol/DVol were both very positive.  A Call position was taken at 8:45 @ 2.90 and was closed at 12:30 @ 3.45.  The MACD was was rising and the internals were progressively improving.  The momentum was very bullish.  A position was taken at 86.75 with a target of one point (87.75).  As long as things looked favorable the idea was to stick with it which we did.  The trade was closed out at 12:30 for a 20% profit.   What more would you want?  Several important points that can be made are 1. Target, 2. Discipline, 3. Patience.

20D, 2Hr. - Apr. 29 - The Trend continues UP.  We are at Mid Channel.  Resistance is just above out heads.
3M, Daily - The Trend is Up but a significant Resistance level is just above our present price action.  It has been talked about so much that I wonder if it is real.  It may turn out to be Whipped Cream.

"It Might Have Been a Better Day at the Fairgrounds"

"Zippin' Pippin Day on Wall Street - Sneak Attack Over the Hudson!"

2D, 10m. - Apr. 27 - There was a roller coaster morning followed by a "Crack Cocaine" afternoon in the market today.  The internals weak at the outset due to the Gap down.  This was followed by some improvement only to have it fall apart in the afternoon with increased volatility.  Contributing to the morning gyrations there was a False Alarm of an errant aircraft over the Hudson that led to mass evacuations and anxiety in New York.
20D, 2 Hour - Apr. 27 - There is another wedge to contend with but this time it is neutral not yet tipping its hand as to direction.   The Channel Trend remains up.  The market is running into significant resistance at this level and may end up going sideways as it "Butt's Head."
3 Month, Daily - Apr. 27 - This chart clearly shows the Resistance Line and the Collision Course the market is on.  It reminds me of the joke about the "Battleship Trying to Stand Down the Lighthouse."