Yesterday I said an up move could continue then AAPL's earnings are a wild card. We got a nice strong day and a close over the key areas - trend lines and 3-day pivot highs. After such a strong day …
I've put charts of only SPY's and Q's today below. The key point is SPY found support an the prior daily range, and the Q's never came close to its equivalent range and in fact is looking like it will …
I've put charts of only SPY's and Q's today below. The key point is SPY found support an the prior daily range, and the Q's never came close to its equivalent range and in fact is looking like it will …
For market comments, I think the charts below sum it up. While the daily my look like the market came back, the fact is they've broken below significant support and could not get back into the box. The only exception …
See the market watch charts below. As per yesterday's comments, all 4 broke and closed below the range. An options expiration Friday in the summer is not a day I'd expect the market to be able to have a big …
Yesterday I said I'd look for a close over the 3 day pivot high to be my indication that the market was ready to move up out of the flag. The markets all traded over their pivot highs but could …
The steady decline can really test your resolve if your a bull. It has also now made it more difficult to find shorts that are up against resistance as they have sold off. Here a few important rules to keep …
Yesterday's gap lower than the prior day low with a negative pivot stack played out as you might expect - an initial rally thwarted by the prior day's lows (SPY, DIA, IWM) and the strongest (QQQ) could not clear the …
Friday's gap lower was based on bad economic news and in the context of a positively stacked pivot condition. This mornings gap is based on concerns about the financial condition of Europe and the pivot stack is negative. I'm not …
Consensus expectations were for 125k new jobs to be reported. We got 18k. To make the report even more disappointing the last two month's numbers were revised lower.
Here's the good news for traders. There is no better way than …