Celebration of Earnings!

 Earnings Beat Expectations & the Market Reacted

SPY 30 Day, 2 Hour - 4.20.11 - Large Gap Up on Earning Reports.  Considerable Resistance Lies Just Above,

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.  

Breakout Excitement!

Time to Get Hoppin'

CLICK TO ENLARGE

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

CLICK TO ENLARGE

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

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.

One Step at a Time

Market is Stair Stepping Upward - Rest Periods Noted!

CLICK IMAGE TO ENLARGE

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

Bulls are on Defense as Market Hits Support!

Bulls have been in Retreat - They have Fallen Back to Prior Support Line.  Will it Hold?

SPY 20 Day, 2 Hour Chart - 11.17.10 - Lots of Support at This Level when Looking back 10 Days.  Will it Hold or Fail?  Failure Here Could Mean a Lot Lower to Go.

Blowing Bubbles is Not All Bad When Choices are Risky

Number One Bubble Blower

Following are 3 Month, Daily Charts on the SPY, MNX, QQQQ, IWM not necessarily in that order.  The important this is to identify the Current Trend for Swing Trading purposes.  This system has limited application to Day Trading.  The Charts display Price Action, CCI, MACD, Williams %R.  Oval spots designate reversal of direction and establishment of a New Trend.  (This is not a recommendation as to what action to take and is not to be accepted as a proven market management theory - all trades and investments represent significant risk.  This Blog is an ongoing record of my personal observations that I share with friends and associates who are interested.)

All Charts are as of 9.28.10

Determine the Trend is Fundamental

The Trend is Your Friend - Without a Sense of Direction We are Lost!

MNX 3 Month, Daily - CCI Crossovers followed by PPS Long/Short Signals with confirmation by W%R and MACD (highlighted by ovals on chart) help determine the short term trend for Swing Trades (This is of minimal help in Day Trading).

SPY 3 Month, Daily

DJX 3 Month, Daily

IWM 3 Month, Daily

Get on the Right Side of the Potato!

There is a Top Side and a Bottom Side.  Be on the Right Side!

Potato Grande!  Twelve Days.  Follow the Yellow Road!

Box to Box Trading Can be Fun! Just Pick the Right Direction.

Who knows what comes out of the Box.

The Market runs from "Box to Box."  Each box is consolidation and will ultimately resolve in a Breakout.

Volatility From Box to Box

Keep Your Eye on the Bouncing Box!

SPY 20 Day, Hourly - 9.7.10 - Boxes can be Opportunities as they Present Breakout Possibilities.  Just Pick the Right Direction.

Ya Gotta Stick Your Neck Out Sometime!

Hibernation can only go on so long.  Time for a breather.

TBT - Inverse US Treasury Bills.  Price Action broke resistance and Person Pivots show a move to the upside.  Longer intermediate trend is still bearish.

DX - US Dollar Index - Rally has subsided for the moment.  DX has an inverse relationship with the market.  Dollar Down>Market Up.

SPY 6 Month, Daily - Box breakout to the upside.  Recent pattern of big moves pre-market with chop during market hours.  Spreads might be the answer if direction seems apparent.

Bulls & Bears Go Head to Head!

What's Up!

TBT - US Treasuries - Decline in Treasuries is Bearish for the Market.  Money moves out of equities into safety.

/ES - S&P Futures - Person Pivots suggest a less volatile session tomorrow with a trend to the downside.

Box to Box Trade - Person Pivots point down so the logical conclusion combining this information would point to a lower market.  "When the Obvious is Looking you in the Face, the market is well known to do the opposite.

(Never, ever take anything on this Blog as a recommendation to trade or invest in any issue shown here.)

Box Breakouts for Profit Opportunity!

Boxes are created by Congestion.  Many traders view these times as boring Chop.  They are really Opportunities for Profit Breakouts.

Each Box represents a Battleground between Bull & Bears.  The trick is to catch the breakout.  Lot for Trendline breaks confirmed by MACD crossovers.

Who Falls Down First?

Options Expired - The Party Goes On!  What's Next?

(Click on Chart to Enlarge)

SPY 20 Day, 2 Hour - 8.20.10

The Market has moved in a relatively confined range for several months.  There has been considerable volatility between support and resistance.  You can see the frequent gaps up and down.  During the Consolidation phase (Battleground) seen in the above chart, notice how the MACD drifted lower during this phase.  This was followed by a gap down and market decline.  At this juncture the market could go either way (as always).  The Green Spot in the MACD shows an up trend as opposed to the Consolidation earlier.  Perhaps there is a message here.

MACD Continues to Rise as Resistance Builds

Indicators Help Show the Way

MACD Accelerates to the Upside but Encounters Resistance on the Way

Instruments & Indicators Help Guide the Way

Watch the Indicators to Stay on Course

SPY 20 Day, 2 Hour - MACD Crossover to Upside

Time for the Box to Pop Open!

Boxes Can Hold Surprises!

DX (US Dollar) Value directly related to Market Action on most days.  When the Dollar is Down, the Market is Up, and Vice Versa.

US Treasury Bonds in Decline due to High Demand for Safety.  Bearish for the Market.

SPY 20 Day, Hourly - Sideways Consolidation Begs for a Breakout.  Technicals are more Bearish than Bullish but that is no guarantee.

Box Breakouts are exciting to watch for.  The Trick is to catch the move.