There are conflicting signals and a tug of war. First, there is the impressive hold of the August lows and a return to the channel that had broken down in the indexes (SPY chart illustrates). Then, there is the phase-clearly …
Phase still negative, leaders absent, many others working off oversold conditions
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Incredible rally off of the August lows, led by the groups that have been trailing for some time now, which could be first indication that the FED's non-inflationary actions are sustainable. We came in with a game plan to buy …
Looking top down, SPY holding August lows, must close above that 200
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I always have to preface any stray comments from technical analysis with the disclaimer that I am not an economist. But I wrote about Operation Twist a week before it hit the twitter stream because it seemed the right thing …
SPY 110.27 low from early August. Double the recent volume for big distribution day. Back under the 200 weekly moving average and broke under a parallel channel. Oversold on daily, not weekly so at this point see no bottoming indicators …
Over R1, Previous Day High and Against a Major Moving Average
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In lieu of evening watch, top down analysis and picks
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SPY Fundamentally mixed concerns/hopes. Greece, Italy, in fact all of Europe concern. FED doing something grand, hope. Technically, as we saw low volume on the way up, such was the case today on the late day drop. Could not get …
Whether Short or Long, everything has been coming together
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