Monday, January 31, 2011

"Damn the Torpedoes, Full Speed Ahead!

Egypt is Egypt & the Market is the Market

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SPY 20 Day, 2 Hour - 1.31.11 - World Affairs Aside, the Trend Continues UP!  Intermediate term the SPY is in in Mid-Stream.  The Green Line is the 20 Day Moving Average, Considered by Many as the Holy Grail.

SPY 5 Day, 15 min. - Bounce Off of Support with New Potato in Formation.  Those Pictures formed by the Moving Averages are the Potatoes.  All Down Potatoes Lead to Up Potatoes and All Down Potatoes Lead to Up Potatoes.  So the Secret is to Always be on the Right Side of the Potato.

SPY 2 Day, 15 min. - Contrary to the Conventional Wisdom that the Market does not Like Uncertainty, the Move Today was Bullish.  The Problems in Egypt and the Middle East have been Shrugged Off as Either Resolved or of Little Short Term Concern.  This May Still Come Back to Haunt Us.

Sunday, January 30, 2011

All Eyes on Egypt - Lots of Uncertainty in the Air

Uncertainty in Egypt and Middle East 
Probable Flight to Safety on Wall Street

Friday, January 28, 2011

The Rope Broke - Market on its Head

Whoops!

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SPY 2 Day, 10 min. - 1.28.11 - Is the Trend at an End?  Massive Sell Off in Response to Egyptian Crisis.


SPY 20 Day, 2 Hour - 1.28.11 - Trend Line has been Broken to the Downside.  All Eyes will be on the Follow Through.  The Question is, "Is this a Stumble or  new Trend to the Downside?"

Thursday, January 27, 2011

Tug o' War - Bulls and Bears - Outcome a Draw

This-A-Way & That-A-Way

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SPY 2 Day 15 min - 1.27.11 - Sideways Rangebound price action today.  If there was any bias it seemed mostly to the upside, but there was no breakout that could maintain momentum.  The chart shows the Support and Resistance Lines which have existed for the last two days.

Wednesday, January 26, 2011

New Highs in the Broad Market

Wow!  Look at That.

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SPY 20 Day, 2 Hour - 1.26.11 - Bullish Trend Continues into New High Ground.  On Balance Volume and MACD are Bullish.  Statistically 80% of Gaps Fill so there is a possibility of a correction or pull back before another thrust to the upside.

Tuesday, January 25, 2011

Trends are Trends and Patience Pays Off

Trends Do Not Move All in One Day - Take a Step at a Time

SPY 20 Day, 2 Hour - 1.25.11 - Solid Trend Up!  But, Not All at One Time.

Monday, January 24, 2011

Cock O' the Walk - Bulls in Control

This Market is Something to Strut About

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Simultaneous Breakout from Price Channel and On Balance Volume Channel

Long and Short Term Trend is UP.  MACD & OBV as well a price action is bullish.

Sunday, January 23, 2011

Time to Ponder

Do I Jump or Not Jump.  That is the Question.  And if I Do Jump, Which Way Willie?

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SPY 10 Day, Hourly - 1.22.11 - Long Term Trend remain UP.  Short Term the Outlook is Mixed.  The Moving Averages, MACD, and On Balance Volume are all Neutral in the Near Term. 

Thursday, January 20, 2011

Breakout Excitement!

Time to Get Hoppin'

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SPY 1.20.11 - Breakout over Trend Combined with Breakout of On Balance Volume

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SPY 1.20.11 - Breakout Over Trend combined with Reversal of MACD and OBV - Trendlines and Indicators are Powerful when Coordinated.

Tuesday, January 18, 2011

Going with the Flow!

I'm Happy if Momma's Happy - Keep it UP!

SPY 3 Month, Daily - 1.18.11 - The Chart is Self Explanatory.  On Balance Volume supports the Move to the Upside.

SPY 1 Day, 10 minute - 1.18.11 - On Balance Volume and Price Action support one another to the Upside.  The Horizontals on the Right Demonstrate "Volume Profile" which portrays the Prices at which  trades take Place.  The Longest Tongue is the Price at which the majority of Trades took place.  This is helpful in showing a current trading range in which can be Value as perceived by traders.