"Lady Liberty in a Comeback = Bear Market Move"

US Dollar Continues to Rally, Inverse to the Market

/DX - US Dollar Index - Inverse Ratio to the General Market - Strong Dollar has Negative Impact on Commodities & Commodity Related Stocks - Channel is Bullish but, perhaps, poised for Pullback?

SPY 6 Month, Daily - Trend continues Down, approaching S2 Monthly Support

SPY has Declining Pivot Points, Week to Week - Trend is Down.

Wandering in the Wilderness - Market Seeking Direction

A Lot of Mixed Signals at the Present -  Market Moves Require Patience

SPY - 2.3.10 - Sideways Price Action just below the Pivot which actually represents Old Support which is now New Resistance.

DJX - 2.3.10 - Dow Jones Index similar to the SPY - Hovers just below the Pivot and Resistance.

MNX (Mini Nasdaq) - 2.3.10 - Very similar pattern.  A Breakout above the Pivot would be Bullish and suggest a move back into the Bullish Channel that has lasted over 6 months.  At the same time the new trend has been Down and Bearish.   Additional weakness would confirm another leg down in the market.

Compare the Indexes

Take Your Pick

SPY - 2.2.10 - Old Support is New Resistance

DJX - 2.2.10 - Old Support is New Resistance

MNX (Mini NASDAQ) - 2.2.10 - Lost Support

RUT (Russell 2000) - 2.2.10 - Between Support & Resistance

Thinking it Over! A Lot of Stuff to Ponder.

Indicator Point Down but the Market Goes Up.

The Bias is Still Down for the Intermediate Term.

US Dollar Trend is Up which is Bearish for the Market in General.  Short term it is Down and the Market Rallied Today.  Will it Last?

SPY 6 Month, Daily with Monthly Pivots.  The Trend is Down and Demands Attention.

SPY Weekly Pivots - Decidedly Down, but there was a Bounce Today.  The Pivot (center line) is a Critical Support Level.  The Market could be setting up for a Sideways Consolidation while it Sorts things out.  There is an incredible mix of politics and economics at this juncture that is difficult for investors and traders to analyze.

Now This is More Like It!

Come on in if you want some Fun!

SPY 6 Month, Daily - 1.29.10 - Trend Channel and Pivots are now heading South.  Time to adjust our thinking!

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SPY 20 Day, 2 Hour Chart - 1.29.10 - Weekly Pivots have shifted to the Downside.  CCI all in the Red.    Bias is down until proven otherwise.

US Dollar continues to Rally.  There has been an inverse relationship between the Dollar price action and the Market price action.

Look Out Belooooow!

It can get Drafty Going Down

SPY 6 Month, Daily - Support is breaking down at bottom of channel.

(Click Images to Enlarge)

DJX 6 Month Daily - Ditto

QQQQ 6 Month Daily - Ditto

RUT 6 Month, Daily - Not at support yet - Still some Hope?

A Fork in the Road? Bulls or Bears?

Breakdown Junction vs. Buying Opportunity?

6 Month, Daily - S&P Futures show break in support at the Regression Channel Support Line.  On this Monthly chart the price action is still within the Bullish Trend.

Weekly S&P Futures, however, shows a Breakdown at Support and an early attempt to establish a new Trend to the Downside.  The Price Action this week will be important as we determine the market direction at this juncture.  "Technical Analysis is a Windsock, not a Crystal Ball" - Carl Swenlin.

Politics Takes Center Stage!

Wall Street Responds to Political Sea Change!  What Else is There to Say?

The Market Rises as the Dollar Declines

Dollar Bear Market as the Printing Presses Run Wide Open.  Commodity Prices Rise which brings Upward Pressure on the Stock Market.   Funny Money Economy Prevails!

DX Futures (US Dollar)  Rally has failed and the Dollar is Back into a Decline Mode.  There has been an Inverse Relationship between the Dollar and the US Stock Market.

All Indexes in Tandem! Some More Volatile than Others!

The Index Charts Show Similar Patterns of Bullishness with some Variance in Volatility.  Projected Pivots help Point the Way.  There is no Crystal Ball but we do have our Indicators.  Keep you eyes on the Indicators and Not on the Price Action.  The Best Decisions are made when Emotions are Suppressed.  Flying by the Seat of the Pants can Lead to a Tail Spin.

DJX

QQQQ

SPY

RUT - Exhibits  a Volatile Pattern by Comparison

The Bottom Line is that the only Way to Learn this Business it to "Do It."