Bull in Charge!

"The Bears have been Decimated."

3 Month, Daily - Aug. 12 - Bullish Trend maintains momentum to the upside. "Go with the Flow!"

"200 Day Moving Average Breakout - Big Time Bullish"

Traditional Long Term Moving Average Gives Way to Upward Momentum

1 Year, Daily - Aug. 11 - Price Action carries market beyond the 200 Day Moving Average which to many represents the defining line between a long term Bull and Bear Market.

"Market Takes a Breath"

Don't bug me! I'm fishing and workin' on a new lure. Tomorrow is another day.

Trade Page for Aug. 11

2 Day, 10 min. - Aug. 11 - The mode today was defensive.
10 Day, 60 min. - Aug. 11 - Market losing some momentum but no big sell off as yet. Mild correction would appear underway. Price action consistent with resumption of bullish move.
3 Month, Daily - Bullish Trend dominates the picture. So far there are no technical weak spots to support an immediate pull back beyond short term.

"Becalmed or the Calm before the Storm?"

"Energy is being developed for a "Feeding Frenzy of Euphoria" or just an "Old Fashioned Correction."

Trade Page Aug. 10 - ADs. UVOL/DVOL, MACD, CCI, RSI can all contribute to trade decisions. Ovals synchronize time of entry in the above display.
2 Day, 10 min. - Aug. 10 - Double Bottom around 1:30 offered a signal for possible entry which would have been a profitable trade.
20 Day, 2 Hour - A picture of what "cannot go on forever."
3 Month, Daily - Aug. 10 - Bullish Trend dominates the picture. The market is very overbought and well overdue for a pull back.

Where the Eagles Soar!

All Eyes are Up!

Internals & Indicators at work. A/Ds, Volume, MACD, CCI, RSI can be a big help in making trade decisions. Notice how the "Ovals" all lined up in the above chart giving a clear SELL signal on the SPY following the Double Bottom Entry at 9:45 on Friday. The chart below tells a better story on the entry.
2 Day, 10 min. - Aug. 7 - Double Bottom combined with other indicators helped make successful trade decision.
30 Day, 2 Hr. - Aug. 7 - Strong Bullish Trend just keep rolling on in spite of concerns that it has gone "Too Far."
3 Month, Daily - Aug. 7 - No real sign of weakness in the technicals can be seen. The market is Bullish until the Trend Line is broken and some lower highs and lower lows occur.

Market Fires "Second Stage" Rocket?

"The Shell is on the Way. Where or Where Does it Land?"

2 Day, 10 min. - Aug. 6 - A/Ds were bearish and mitigated against long positions in spite of good signals to enter the market (Gold Spots).
20 Day, 2 Hour - Aug. 6 - Bullish Trend remains intact. A break is likely to come and it may be sudden and dramatic. Defending your long positions is imperative.
3 Month, Daily - Aug. 6 - Technicals have yet to signal a turnaround. A sudden reversal may be all that you see.

"Euphoric Climax Close By"

Beautiful Move but it can't last forever. Stay Prepared!

20 Day, 2 Hour - Aug. 5 - No break in the trend as yet.
3 Month, Daily - Aug. 5 - There is nothing to explain this market other than emotional euphoria built on momentum. It would not be surprising to see a sharp correction at some point.

History Repeats the "Charge Up San Juan Hill"

Teddy Roosevelt set the pattern for dramatic action in 1898. The markets charge of late is unprecedented.

5 Day, 15 min. - Aug. 4 - Nothing seems to step in the way of this move. The market is way overbought and over extended. A correction of pause continues to be expected. "When" is the question.
20 Day, 60 min. - Aug. 4 - There should be a Flag run up a pole real soon.
3 Month, Daily - Even the bigger picture is dominated by this move of the last 3 weeks.

Shooting for the Stars

"Seems there's no place else to go."

DBA - Commodity ETF - Weak Dollar and Potential for Inflation combined with drive for alternative energy is escalating commodity prices which is a significant driving force within the broad market. The DBA ETF is an index of Soybeans, Corn, Wheat, Oats, and Sugar.
5 Day, 15 min. - Aug. 3 - Stair stepping up. The bears are in pain and nauseated.
20 Day, 2 Hour - Aug. 3 - Unprecedented Bull Run. Always be on guard for the Unexpected.
3 Month, Daily - Aug. 3 - "Bazooka Time" - There are no rules to go by to explain this behavior.

Sleeping Tiger in the Bushes?

"Patience is My Game."

Aug. 2 - 30 Year Treasuries indicate weaker Dollar. The Market has marched in tandem to this index in the past. Is it telling us something?
5 Day, 30 min - July 31 - New support following breakout last week. New Support. Price Action is Coiled like a spring within the Bollinger Bands. Dynamic Move Ahead?
30 D, 2 Hour - July 31 - 15 Day Bull Potato. This is the most extended bull potato in the history of this blog. Totally unprecedented. The market condition is very overbought and technically could benefit by a corrective pull back in order to move forward. The bulls don't seem to want a rest.
3 Month, Daily - July 31 - July was quite a run and most of it was in spite of what most would call bad news. The "market is the market". Trade what you see, not what you think.