Crosscurrents in the Markets

Lots of Ideas to Pick from. Some UP and Some Down.

3 Month, Daily - Nov. 19 - Rolling Pattern on a Monthly Cycle. It is amazing how the Low touchs down right on the First of each Month. What does this mean for the next 2 Weeks? Interesting. You could make a case for 105 on the SPY.
GS 20 Day, Hourly - Nov. 19 - Bearish breakout from ascending channel. Appears headed lower. MACD in decline.
GLD (Gold Trust) - Nov. 19 - Bullish Channel Trend Evident - Where does it stop?
Natural Gas - UNG - Nov. 19 - Bearish Channel in natural gas which is a bit strange heading into the winter months.

Beware the Sleeping Tiger!

Several Days of Sleep Can Built Up an Appetite. Watch for a Breakout!

20 Day, 2 Hour - Nov. 18 - Stair Steps to a Higher Market.
20 Days, 2 Hour - Nov. 18 - What can we make of this? The Price Action is above the 200 Day Moving Average (Bullish). A Bull Flag has formed out of several days of consolidation. The Intermediate Trend is Bullish. The MACD is subdued which begs for action. The lack of a sell off is in fact Bullish. Overall I would expect the market to go up from here. Of course, this could be absolutely wrong. The market is the market and there is always the possibility of news that affects the market. Our analysis is based on technical analysis and we try to leave out as best we can any bias as to the national economy, politics, and what "we think the market should do."

200 Day Moving Average Crossroads

What Direction Will the Market Take - That is the Daily Question!

2 Year, Weekly - Nov. 17 - Start with the longer term chart. Price action is bumping its head on the 200 Day Moving Average. This is considered a beachmark for a Bull Market vs. a Bear Market. Does the market break through and remain above the 200 Day MA or Retreat?
3 Month, Daily - Nov. 17 - Note the Rolling Waves in the 3 Month chart. Price Action is at the top of the channel and begs to fulfill a pattern by turning downward.
20 Day, 2 Hour - Nov. 17 - Bullish Channel dominates the Trend in the 20 Day chart. Price action is above the 200 Day MA.
2 Day, 10 min. - Nov. 17 - All politics is local and all market action is daily. Trade decisions are made by observing the longer and intermediate trends (bullish), AD lines (bullish), UVol (bullish), Double Bottoms (reversals), RSI & CCI snap back ups (reversals), and MACD (confirmations). Above action was a slow grind up. Reversals are highlighted with Rectangles.

"Smokey Dough!

The Dollar Goes Down - The Market Goes Up

20 Day, 2 Hour - Nov. 16 - Progressive decline in the US Dollar draws defensive money into the stock market as an "inflation hedge." Commodity related issues benefit the most.

Market Mix could Explode or Fizzle!

Volatile Mixture of Market and Economic Factors Converge

20 Day Moving Average at a turn over point. Which way in uncertain.
Sideways movement could resolve to the up or down side.
20 Days, 1 Hour - 11.13.09 - Breakout could go up or down.
3 Month, Daily - Nov. 13 - Cycle would suggest a move down but this is no certainty.

Profit Opportunities in Reversal Recognition

Success is Measured in Profit. If there is no interest in Profit, you are just playing a game.

US Dollar has been under attack and has lost considerable value in the last 6 months. The decline in the Dollar has enhanced the value of commodities such as Gold, Copper, and Oil. Today the Dollar rallied and the market responded with a sell off. The two have run counter to one another.
Goldman Sachs (GS) is a Bell Weather equity and tends to run with and often lead the general market. GS has been in a bullish move as has the market. Today there was a pull back in both.
1 Year, Weekly - Strong Bull move for 6 months. (Long Term Perspective)
10 Day, 30 minute - Nov. 12 - Roll Over in the market with loss of support at lower level of trend channel. Suggests possible move lower in the days ahead.

The Bulls Have Set the World on Fire!

The Market is On Fire - Are There Any Firemen?

Goldman Sachs - 11.11.09 - Bull Move
XLF - 11.11.09 - Bull Move
SPY - 11.11.09 - Bull Move
2 Day, 10 min. - 11.11.09 - Sideways move - Longer Term charts would suggest that the move will be to the upside. If "short term" patterns are inconclusive, look to the longer term charts for direction.

Raging Bulls on a Tear

Bulls Ignore the News and Charge On in Spite of Economic Problems. The "Market is the Market" and the Economy is something else.

2 Day, 10 m. - Nov. 10 - Today was a sideways days following a strong upsurge on Monday. This is really a Bullish action allowing for consolidation and may precede another leg up.

20 Day, Hourly - Nov. 10 - Bullish Channel Trend is evident. The Market is approaching significant resistance.
GS - Goldman Sacks has proven to be a Market Bellweather. The Financials in general are in sympathy with the Market and the latter cannot really gain traction without them.
XLF - Financial ETF as with GS displays a Carbon Copy of the Market in General.

Premarket Information Can Set the Tone - Bears Attention!

When the Bull is Out of the Pen, He is Difficult to Subdue!

11.9.09 - Pre Market Futures can help define the tone for the day. The above information was available at 6 AM well before the market opened. Very often it is neutral and balanced but the above chart shows an overwhelming upward move in the futures. From this information it is easy to anticipate a bullish day in the market, especially with the open.
11.9.09 - The /DX (US Dollar) fell like a rock in the Pre Market and Signaled a Bull move in the market. In recent months the market has moved contrary to the value of the Dollar.

Multiple Time Frame Analysis

All Time Frames Consistent with Bull Move

1 Year, Weekly - Nov. 6 - Channel Trend is bullish on weekly chart. Note RSI snap back up.
3 Month, Daily - Nov. 6 - Price action above the 200 Day Moving Average (Bullish). Daily shows bounce off of support with resumption of upward pattern. Note the Moving Average Crossover to the up side.
20 Day, 2 Hour - Nov. 6 - The most interesting chart in the flock. Note the MA Crossover and RSI snap back up with confirmation of the move in the MACD. Note the move over the 200 Day Moving Average. All of these indicate bullish momentum prevails. The 20 Day chart offers an intermediate term view of the market that may support swing trader decision making. Think of it as a "Road Map" to the future. "Technical Analysis is a Windsock, not a Crystal Ball" - Carl Swenlin, Decision Point.com.
2 Day, 10 minute - Nov. 6 - Today's action was mostly a consolidation day. Note the tightening of the Bollinger Bands. This is "low volatility" and offers opportunity to take position that could become more profitable as volatility expands. Price action is above the 200 Day MA which is bullish. 200 Day MA is also on the rise consistent with the trend.