Both the best ways to time an entry or not
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A couple of notable features today. First, the inside day in QQQ and DIA- not the major breadth of the market, but noteworthy nonetheless since GOOG and AMZN held well. Second, the volume- - lightest it's been in months. Finally, …
Guidelines for Overnight Risk
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Beginning with a gap higher on Friday, market continued higher on low volume with relief from both an austerity plan (plan, not done deal) from Italy and better than expected consumer sentiment number. Encouraging since Thursday and Friday's action erased …
Interestingly enough, there is US economic data to make a case for the market to hold (jobless claims fall, earnings for 3rd quarter ok). But with European worries and other economic data that suggests otherwise, a case for weakness exists …
Layering in all metrics-daily setup, pivots, lows, highs and the opening range
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NOTE: See MMMDaily for A Pop (Poop) Quiz:
SPY: I wouldn't mind a test of the 50 DMA at 120.00 with the Relative Strength Indexes (RSI) looking oversold. But, first it must break 122.25 and stay below 124.50.
IWM: Looks …
Third video in trilogy of strategies
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SPY: 127.50 the 200 DMA cleared with an unconfirmed return to an accumulation phase with better than yesterday's, but still less than average daily volume. A break of today's low would be worrisome.
IWM: 77.70 the 200 DMA.
QQQ: What …
I list the stops, targets with entries posted on twitter
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