Wednesday, August 10, 2011

What Works for One Works for All

 You Have Not Seen Anything Yet.  Just Wait 'til I Take on the Stock Market!
SPY 2 Year, Weekly - 8.10.11 - Support Could Give Us a Lift.  But, the Next Step is Up for Grabs.
 SPY 20 Day, Hourly - 8.10.11 - Decline Continues
VIX/SPY Divergence Chart - VIX and SPY in Consolidation - Next Move Uncertain.

Monday, August 8, 2011

For Lack of a Plan!

 Knock!  Knock!  Is Anybody Home?
 SPY 2 Year, Weekly - 8.8.11 - Dramatic Market Drop to Support from May.  Will it Hold?  The Fed meets on Tuesday.
 SPY 20 Day, Hourly - 8.8.11 - New Lows - Seeking Support - On Balance Volume in Decline
VIX/SPY Divergence Chart - 8.8.11 - Acceleration noted in price action. The Market is Very Oversold but that is not a Brake.

Saturday, August 6, 2011

Market Votes on Washington Histrionics

 It's Up to Us to Clean Up the Mess - Come on America!
 SPY 20 Day, Hourly - 8.5.11 - The Market Does Not Go Down Forever.  The Current Environment is Very Negative.  Perhaps We Should Look for a Bounce on Monday?
PIX/SPY Divergence (VD Test) - On Balance Volume has been overlain on the SPY Chart.  The Mode is Very Bearish.  Considerable Work by the Bulls is Needed to Even Make a Dent.  On the Positive Side the Bad News is Already Out There.  "Do the Bears Have Any More Bullets?"

Friday, August 5, 2011

Market in Free Fall - Looking for Support

 The Bear Attack Continues
 SPY 20 Day, Hourly - 8.4.11 - Signs of Recovery Not Close at Hand
VIX/SPY Divergence Chart - VIX Spiked Over 30.00 - Divergence Widens - Bearish Mode

Thursday, August 4, 2011

Bear Revenge

 Hungry Bears are Dangerous
 SPY 20 Day, Hourly - 8.3.11 - Bounce into the Devil's Den - Relief Bounce but not yet showing Reversal
VIX SPY Divergence Study - Remains Bearish

Wednesday, August 3, 2011

Eight Days of Down!

 Windy on the Way Down
 Escalator Up - Elevator Down
VIX-SPY Divergence - Looking for a Reversal Signs

Saturday, July 30, 2011

Politics Trumps Technicals - "DC Square Dance"

 Market Awaits Political Compromise
SPY-VIX Digergence Chart - 20 Day, Hourly - 40 Day SMA - Interesting Crossovers may Confirm Reversal of Short Term (3-5 Day) Trend.

Tuesday, July 26, 2011

Just Waitin' on the SOBs to Make a Decision!

 This is Gettin' Ridiculous
 SPY 2 Year, Weekly - 7.26.11 - Range Bound in Weekly
 SPY 6 Month, Daily - 7.26.11 - Range Bound on Daily

SPY 10 Day, Hourly - 7.26.11 - Range Bound on Hourly

Trading Actions Hamstrung by Washington Inaction


Saturday, July 23, 2011

All Eyes on Washington - Markets in Limbo and Volatile!

 Debt Crisis and Debate goes On and On!
Markets do not Like Uncertainty

 SPY 2 Year, Weekly - 7.22.11 - Range Bound but Bullish on Technical terms but Market is Very Subject to News Events
 SPY 6 Month, Daily - 7.22.11 - Range Bound Back and Forth Price Action
SPY 10 Day, Hourly - 7.22.11 - Range Bound Last Week with Market Holding its' Breath

Monday, July 18, 2011

Follow the Bouncing Ball

 Follow the Bouncing Ball
 SPY 2 Year, Weekly - 7.18.11 - Longer Term Charts are Fundamental to the Technical Analysis.  Longer Term is More Reliable than Short Term.  When Short Term is Confusing it Always Helps to Drop Back to Long Term.
 SPY 6 Month, Daily - 7.18.11 - The Six Month Chart is Sideways and Range Bound.  Breakouts from this Pattern Could be Imprssive
SPY 20 Day, 2 Hour - 7.18.11 - Bear Potato Prevails - Considerable Resistance Lies Above.  The Market is Very Oversold and Due for a Bounce but Overhead Will be a Problem.