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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SPY Gapped lower and then held the 10 DMA later filling the gap left from Friday's low, closing just beneath. Volume super light again which is not surprising ahead of the FOMC. Can now see either 115 or 123 as …
Following Rules Works Out Most of the Time
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Last week I wrote about "Operation Twist" a Fed tool used in 1961. Friday, Reuters did an article about that and other FED options. I am no economist, but that option resonated with me. Here's a direct quote from a …
SPY If this week's closing price is above the downgrade week's closing price, maybe, just maybe we can begin to look at some of the S & P 500 stocks that have gotten hit hard. But for now, we can …
Setups for Longs and Shorts
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