Friday, June 5, 2009

Bumping Heads! But, I like the odds!

Don't be fooling around with us Bulls.  We plan to win.  How many bullets have you guys got?
2 Day, 15 minute - Jun. 5 - No direction in market.  Internals neutral.  Sidelines is the Best.
30 Day, 2 Hour - Jun. 5 - Channel Trend remains Bullish.  We are in the upper half of the Channel.  Additional pull back may be in the offing.
3 Month, Daily - Jun. 5 - Bull Trend since Mar. 6.  Fight the Trend at significant Risk!

Thursday, June 4, 2009

The Smoke is Up! Where do we go from here?

There is a lot of Alladin's Lamp in this Market.
5D, 15m. - Jun. 4 - Back to Basics with  Double Bottoms showing reversal points.
30D, 2 Hour - Jun 4 - The Channel Trend remains Bullish.
3 Month, Daily - Jun. 4 - The Trend is Up.  The Trend is Our Friend.  Do not disregard the evidence.

Bull Run Continues with a Pause for Breath

Bull Run Since March 6th. Continues with Occasional Pull Backs for Rest
5D, 15m. - Jun 3 - Falling Window with Gap Down and a Closing Rally.  Trend remains up in spite of occasional sell offs.
30 Day, 2 Hour - Jun 3 - The Run continues with a Pause for Refreshment.
3 Month, Daily - Jun 3 - Bull run since March 6th. cannot be denied.  Close above the 200 Day Moving Average very Bullish if it holds up.

Tuesday, June 2, 2009

Man! Happy Times are Here Again!

Bulls are having so much fun, we just can't stand it!
5 Day, 15 m. - Jun. 2 - Consolidation day following a day a big gains.  Is this a pause before another advance?
30 Day, 2 Hour - Jun. 2 - Channel Trend is up.  Ignore the Trend to your regret.
3 Month, Daily - Jun. 2 - The 200 Day Moving Average has been breached.  Will it hold?  If it does hold it could lead to additional moves to the upside.

The Bulls Rush In!

The Bears were Run Outta' Town - Bigtime!
5D, 15m. - Jun 1 - The move continues to the upside.  The bears have been greatly disappointed in the failure to get an expected "pull back".  Most likely many have been trapped in a Short Squeeze.
30 Day, 2 hour - Jun 1 - The Channel Trend continues Bullish.  Efforts to detect a break to the downside have all failed.  The Bulls have carried the day into higher ground.
3 M. Daily - Jun 1 - The Bull Run has been impressive.  It has taken place in the midst of continuing "bad news" & "gloom and doom" developments.  The market just shakes it off.  Perhaps it is telling us something.

Friday, May 29, 2009

When Least Expected!

Once there was a breakthrough, there was no holding it Back.  The Bull are in Charge.  All Bears are in Retreat.
2 Day, 5 min. -  May 29 - Unimpressive internals and choppy market action for most of the session.  After everyone had gone to sleep the Bulls jumped out of their pens and went at it with a vengeance.  There were incredible market gains in the last 30 minutes of trading.
5 Day, 15 m. - May 29- A Channel placed on the chart amazingly shows the final destination of the move.
3 Month, Daily - May 29 - Instead of a Bear Tilt we are back to Continuation of a Bull Trend.  It is just so long that you can fight the market with what you believe will happen.

Thursday, May 28, 2009

Roller Coaster Rumble

The Roller Coaster can be fun.  Today was not fun for most traders.  Lots of pain with all the ups and downs.  A great market for Spreads and Condors with their defined risk.
5 Day, 15m. - May 28 -A very volatile day of multiple ups and downs.  You had to be armor plated to deal with this one.  The market is a real battle between Bulls & Bears and awaits a breakout to one side or the other.
3M, Daily - May 28 - There seems to be a very slight tilt to the downside.  Prior support can act as new resistance.  Resistance will be challenged and it remains to be seen if it will hold.  A breakout below the channel would be very Bearish.

Wednesday, May 27, 2009

Food for Thought!

5D, 10 minute - May 27 - There is a lot to Ponder over.  The Market is "tight nite" and could bust out in either direction. It will come.
5D, 10 m. - May 27 - Lots of Whipsaw action today.  No clear direction was apparent.  Market closed weak.
3M, Daily - May 27 - The interesting thing here is the tight confluence of potential direction.  It could and probably will burst out with enthusiasm "Up or Down."

Tuesday, May 26, 2009

Having Fun with the Bears


I Keep Popping Up om Unexpected Places!
5D, 10m. - May 25 - Shifting gears back into the High Road.  The Gap was closed.   Bullish Trend has resumed.  Trade entry is highlighted with Gold Spots.

3M, Daily - May 25 - Trends and countertrends.  Take your choice.  The market seems fickle.

Saturday, May 23, 2009

"Remember the Fallen who Died to Preserve Our Freedom!"

"We extend our heartfelt gratitude to those who have served our country in its times of need.  Celebrate Memorial Day being always sensitive to the Real Reason for this Holiday."