Volatility Prevails!

Crosscurrents in Economy & Politics Create Uncertainty & Volatility

EURO, BP, Gulf Oil Spill, Israeli Boat Boarding, Create Uncertainty

Slippery Sit-Com - Markets do not tolerate Uncertainty

US Dollar continues Uptrend vs. EURO

SPY in Down Trend - Very Weak at the Close on BP Criminal Probe by Attorney General.

SPY 10 Day, 1 Hour - Potato Trade - New Bear Potato in formation.  The last Bear Potato lasted Nine Days.  The brief Bull Potato never really got going.  Following the gap up there was just no follow through to the upside.  Basically there has been Twelve days of a Weak Market with no significant move by the Bulls.

"EUROsion" of Confidence

EURO down, Dollar up, Market down.

US Dollar Stronger as Europe faces Debt Crisis

The Recent Bullish Potato looks headed for the Compost Pile.

SPY Projected to Gap Down on Tuesday.  Note the OVAL.

SPY Rally Looks "Over and Done."

The Bull is Back!

Here's hoping you didn't bite on the Bear Trap.

SPY 10 Day, Hourly - Bear Potato yields to the Bull after a 9 Day run.  Note how the Golden Line drove into the belly of the MACD at the same time as the MA Crossover.  This is a significant reversal signal.

The US Dollar opened strong but fell back as the EURO stabilized.

SPY 20 Day, Hourly - 5.27.10 - Reversal of fortune in the SPY chart.

Tricky Market Posture - "Head Fakes to Upside and Downside"

"Devil's Den" Situation - Trend in Transition - Calls for Caution

US Dollar continues to Rally off of EURO concerns.  Trend remains to Upside.

SPY 20 Day, 1 Hour - Trend is Down

Potato Chart - SPY 10 Day, 1 Hour - "Devil's Den" situation - Ambiguous transition from Down Potato to Up Potato.  Price Action on both sides of Moving Average Crossover.  The situation is not clear as to direction.  It could go either way.

Bounce vs. Reversal?

Whoa!  Can't you guys stick with the Trend?

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US Dollar in Up Trend - Short Term Pull Back - Consistent Inverse Price Action as to the General Market

SPY 10D, Hourly - 5.25.10 - Eighth Day of Down Potato - Price Action in the "Devil's Den" - Potential "Reversal" to the Upside or Will it "Roll Over?"

SPY 5 Day, 15 min. - 5.25.10 - Bollinger Bands show Volatility - Bounce off the Lows with a Potential for Reversal - "Woodies CCI and RSI in "Overbought Territory".

The Bear Holds Sway - "Get Outta' My Way!"

My Gripe is that as soon as I get my Club up, the Bulls Come Back!

US Dollar Value plays a Big Part in Market Direction in an Inverse Way.

SPY 5.24.10 - Trend is Down as Opposed to Dollar Rally

SPY Weekly Pivot - Trend is Down!

Potato Trade - 7th. Day of Down Potato - Potato Swings using 30 and 60 minute time frames can help determine DIRECTION!

Let the Fish do the Work - Get the Market to Show Its Hand

Patience Can Pay Off!

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US Dollar Rally has been Inverse to the Market - Pulled Back to Support at the Moment.

SPY 20 Day, Hourly - 5.21.10 - Market has pulled back to Support as has the Dollar which creates a "What is to be Believed" situation.

SPY w/ Weekly Pivots - Trend is Down - Pivots for the upcoming week point Down.

Potato Chart - SPY 10 Day, Hourly - 5.21.10 - "Sixth Day of Down Potato - Gapping Mouth with a lot to Close - Suggests "Sideways with potential for Bounce."  The Bounce is based on the longevity of the Down Potato.  The average life of a Potato Trend is 3 Days.  Potato Trading lends itself more to Swing Trades vs. Day Trades.  Hourly Potatoes are more reliable that short term Potatoes (particularly less than 30 minute time frames).

"This Blog is intended as a journal of multiple ideas related to trading the markets.  It is not designed to solicit business or sell a service.  There are a few advertisements on the Blog which if used will provide a small token to cover the cost and time expended to service the Blog.  These services are offered as a convenience and do not represent any significant potential for financial return."

- Potato Trader

"Potato Trader" Trend is Down

Crossing Average Lines Create Potatoes - They go from Up>Down>Up>Down

SPY 20 Day, 1 Hour - 5.20.10 - "Potatoes" can give us a sense of Direction and Thrust that help make better "Swing Trade" Decisions.  We use the 10 and 30 Day Moving Averages as they give a more distinct visual Potato.  No system is perfect but the "Visual" can give us an instant feel for the situation.  The "Gap" in the Potato at the close leaves a lot to work to do in order to close it up.  This would suggest either a sideways move or more move to the downside for Friday.

Looking for Order and Stability!

Cracking Down on Exuberance!  We need some order in this Madness!

US Dollar Trend Remains Up.  This has been an Inverse indicator as to Market Direction.

S&P Futures continue to Decline in Trend.  "The Trend is Your Friend" but when does the Trend End?