Thursday, August 20, 2009

The Bulls are on the Top of Their Game!

"Bears Keep being Beaten Down"
2 Day, 10 min. - Aug. 20 - A bit of a Pop followed by a long sideways day.
20 Day, 2 Hr. - Aug. 20 - Short Term Bull Move following a large gap down.
3 Month, Daily - Aug. 20 - Intermediate Term Bullish Trend

Wednesday, August 19, 2009

"Wow! What in H... is Going On?"

"If you are confused, you are not alone."
2 Day, 15 min. - Aug. 19 - Looking for Double Bottom setups was difficult today. The ADs were bearish in the AM and the market was bullish. No DBs were sighted that coincided with the CCI and RSI and coordinated with the ADs.
20 Day, 2 Hr. - Aug. 19 - The Trend of the last few days has been bearish. Recovery is not out of the question. The Bulls still seem to have a lot of "ooomph."
3 Month, Daily - Aug. 19 - Bullish Trend has persisted since March. Take care in bucking the current.

Tuesday, August 18, 2009

Swimming Upstream

"Is this just a Bounce or a Reversal? The Close was Weak!"
1 Day, 10 min. - Aug. 18 - Trade Page shows Double Bottom at 8:50 combined with CCI and RSI gave an entry signal to the upside. The ADs supported this action. Good follow through as well.
2 Day, 10 min. - Aug. 18 - Working page showing the Double Bottom combined with CCI and RSI as well as trend lines. The S&P ADs are shown related to time.
3 Month, Daily - Aug. 18 - Longer Term shows a Bull Trend with a Sudden Trap Door Drop.

Monday, August 17, 2009

"Offense Can be a Good Defense! Bail Out is One Choice."

"The Only Thing Worse than Being Wrong, is Staying Wrong!"
5 Day, 15 min. - Aug. 17 - Gap Down and Flat Sideways rest of Session.
20 Day, 2 Hr. - Aug. 17 - Market Bail Out to the Downside. Overbought conditions appears to give way to downside.
3 Month, Daily - Aug. 17 - Significant drop in market support call for caution as to follow through. Technicals point to lower but there are no guarantees.

Sunday, August 16, 2009

Old Potato > New Potato

Long Term Moving Average Crossover Consistent With "Bull Market"
1 Year, Weekly - 50 Day EMA crosses the 200 Day EMA to create a new long term Bull Potato. Potatoes are explained in the Sidebar.

Saturday, August 15, 2009

Apple Comparisons!

The Two Charts below demonstrate the variant perspectives you may get when analyzing the same data in different time frame units. The First Chart shows the SPY 1 Day, 10 minute time frames over a 24 hour period of time. The Second Chart presents the same data on the SPY 1 Day, 333 Ticks. The latter depicts the price range and price change every 333 trades (Ticks) and is unrelated to the time of day or time within the session. The Visual effect conveys very different reactions to the facts as presented. The former could be seen as alarming while the second is calming and reassuring.
SPY 1 Day, 10 minute - Aug. 14
SPY 1 Day, 333 ticks - Aug. 14

Friday, August 14, 2009

"Have Questions? Call the Fed! Help is on the Way."

I'm from the Government and I'm here to help. Call for a "stimulating" consultation!
10 Day, 60 min. - Aug. 14 - Sideways Range Bound Channel over the last 2 weeks. Longer range the trend is up. Short term there is a good possibility of a correction.
3 M, Daily - Aug. 14 - Bullish Trend leads into a Range Bound Sideways Market.

Thursday, August 13, 2009

Bullish Tidal Wave Continues!

The Bulls are in the Cockpit! Damn the Torpedoes, Full Speed Ahead!
Aug, 13 - Trade Page on SPY - ADs, UVol/DVol, MACD, CCI, RSI combine to indicate entry and exit points for trades. In the above chart the OVALs line up with Double Bottoms to suggest potential trade opportunities.
2 Day, 10 min. - Aug. 13 - Double Bottom combined with other indicators are show with Gold Spots.
3 Month, Daily - Aug. 13 - Bullish Trend obvious in above chart. When things become overly obvious, it is usually time for a change in market behavior.

Bull in Charge!

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

Wednesday, August 12, 2009

"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.