The Long Awaited Pull Back Appears at Hand

Happy Fourth of July to Everyone. Remember Our Soldiers Overseas.

3 Month, Daily - July 2 - "ZT-ZN" Spread between 2 Year Treasuries and 10 Year Treasuries point to a bearish move in the market. The MACD supports this indication. This Spread can be used to confirm more volatile moves in the market. It is less volatile and less emotional than the equity markets. Compare this chart with the SPY below.
3 Month, Daily - July 2 - Notice how the channel compares with the Treasury Spread. This Spread can be used to confirm intermediate trends and the A/D's and Internals used on a Day Trade or Swing Trade to keep you on the right side of the trade.
20 Day, 15 min. - July 2 - The move today was right in keeping with the Treasury Markets. The gap down and continuing trend lower was a mirror image of the pattern set by the Treasury Spread. The Trend and MACD both indicate probable continuation to the downside, but never discount the possibility of the "unexpected."

The Bull - Bear Battle Continues

Range Bound Market Begging for a Demonstration Breakout

5 Day, 15 min - July 1 - The Channel Trend remains Bullish but there are undercurrents of Bear Unrest. Traders continue to get jerked around. This is excellent territory for Condor enthusiasts.
60 Day, 2 Hr. - July 1 - Long Term vs. Short Term = Sideways
/ZT-/ZN - July 1 - Two Year Treasuries vs. Ten Year Treasuries. There is a strong comparison of Treasury Rates and Market Action. Compare this Chart with the 3 Month Daily SPY below.
3 Month, Daily - July 1 - Recent erosion of upward trend closely parallels the Treasury rates which portrays the Money Flow. "Follow the Money."

Market Crossroad

Trends, Currents, & Cross Currents - Confusing Road Signs Abound

60D, 2 Hour - June 30 - When the picture is mixed short term, it is best to look at longer term charts. The Longer Term Trend remains up but there are significant indications that the momentum may be broken and we could head lower.
3 Month, Daily - June 30 - The Trend is Our Friend and should not be ignored. Always expect the market to do the unexpected.

Difficult Decisions!

The Market Continues in a Sideways Movement. The Situation Calls for Prudence.

30Day, 2Hour - June 29 - A Sideways day with little directional signals. Our Bear Put Spreads and Condors are in a sit and hold situation that demands close monitoring and management.
3 Month, Daily - June 29 - Herring Bone action calls for a "Sit On Hands" strategy as being appropriate.

Fork in the Road

Take your chances. The results are up for grabs.
30 Day, 2 Hour - June 27 - Mixed signals with not directions that are apparent.
3 Month, Daily - June 27 - The longer term bull rally within a secular bear market is challenged by a move to the downside. Recent internals and market activity suggest an unpredictable week to come.

Critical Juncture in Market Direction

Mixed Signals on Market's Next Move

20 Day, 30m. - June 25 - Cross currents create a need for caution at this point. Our Bear Call spreads and condors are at risk as they are shaded to the downside. These positions call for close supervision in Friday's market. It would be nice to just be a spectator but when you are in, you are in. It now becomes a Risk Management game.
3 Month, Daily - June 25 - Bullish engulfing candle indicates a breakout to the upside from the recent declining channel. Friday's market action calls for very close attention of any market positions. A more clear direction in the market should be established before entering into new positions at this point. In other word, the situation calls for caution.

Keep the Big Picture in Focus

Neither Bull nor Bear has the Upper Hand at this Point.

30 Day. 2 Hour - June 24 - A new bear channel has not yet been violated. The immediate trend appears to be down.
3 Month, Daily - June 24 - Given the Channel seen above, any Play to the Long Side is Swimming Upstream.

Low Gear Downhill Channel Continues

A Great Time to Catch Some Fish.

30 Day, 2 Hour - June 23 - The Channel to the downside continues to mature. The trend is our friend. Ignore it at your peril.
3 Month, Daily - June 23 - In this market it is best to keep our eyes on the bigger picture. In any new market direction there will be bounces and corrections. The overall trend, however, tends to prevail and we need to stay on the right side of that action. Swimming upstream just adds risk to any trade. The Trend is Our Friend. Stick with Friends for Success.

Bull Run Runs Out!

The Water is Just Perfect for Some Good Olde Bear Play.

30 Day, 2 Hour - June 22 - Bear Channel under construction. Market points Down. Iron Condors and Bear Call Spreads are working out well in these conditions.
3 Month, Daily - June 22 - Very definite break in the longer term channel pattern. The secular Bear Market is rearing its head and a downside move is resuming.

The Bears Muscle Back!

It time to come out of hibernation and do my stuff. Grrr!
30 Day, 2 Hour - June 19 - Support was broken and a leg down in forming. This is not a done deal as yet. The Bulls still have a lot of fight and have not gone into retreat as yet.
6 Month, Daily - June 19 - The Long Bull Run may be coming to an end. The Bulls could still save their situation but their hold on upward momentum is fragile at this juncture.