I put a lot of weight on the condition of the SPY because the world watches the S&P 500 with a lot of respect. On Friday it closed right on a major inflection point – a bear flag trend line …
A Good Bullish Pattern
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How to use portfolios and preset scan together
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Here's how to find trades using the portfolio with the Focus List
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SPY Technically, the closing price during NY hours was positive and the volume posted an Accumulation day although still under the daily average. In the eminis 1200 now pivotal. Since the McClellan entered overbought territory, possible to see a break …
Guidelines for managing your positions
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SPY Nice orderly rally today. Gapped higher, held R1 and took off on an opening range breakout. Volume super light-a concern for the rally sustainability in the long run, but for now, looks like resistance at 125.50 and then 127. …
How and Why Following that Gap Made Sense
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SPY Yes an Accumulation day in volume and an impressive bounce after the Bernanke speech. But, could not take out last Thursdays' high and closed slightly above the adaptive moving average and below 120.08, the barometer closing price the week …
SPY Filled that gap and put together yet another Distribution Day in volume. Started out the week talking about the 120.08 close pre downgrade. Now, ending the week looking to see if it can hold the 200 weekly moving average …