September 12, 2011
Uncategorized
By Geoff Bysshe
Today the markets gapped lower then struggled to get back above the prior day’s floor trader pivot level. The markets closed on a strong note near their high of the day, but just a fraction above their one day pivots. …
September 9, 2011
Uncategorized
By Geoff Bysshe
Market Consolidation
Here's the plan...
September 8, 2011
Uncategorized
By Geoff Bysshe
The TLT's and GLD have interesting island tops in place. It they continue lower tomorrow it could indicate a top in so much as the risk on trade is back on pushing stocks higher.
The market watch is getting back …
September 7, 2011
Uncategorized
By Geoff Bysshe
Is the SPY flagging or basing?
If it is flagging the implication is the next big move is lower. If it is basing the implication is the next big move us higher. I see a very well defined flag pattern …
September 6, 2011
Uncategorized
By Geoff Bysshe
I hope Tuesday will be more helpful in revealing the market's short term direction than Friday. While the main trend is down, the last few weeks have created a wide range consolidation pattern which will likely result in a large …
September 2, 2011
Uncategorized
By Geoff Bysshe
The last day of summer trading, a three day weekend and a big jobs report all on the same day. Tomorrow. I'm not going to try to call this one.
Purely by the numbers, all 4 market watch...
1. The …
September 1, 2011
Uncategorized
By Geoff Bysshe
Today was a tough day for day traders because the market traded above its OR and then back below the OR low. This is price action that is typical of a market that needs a rest, and as I highlighted …
August 31, 2011
Uncategorized
By Geoff Bysshe
What will you do if the market gaps below today’s low?
I don’t have any reason to believe it will happen, but it could. And if it did, would you know what to do? You should.
The markets have moved …
August 30, 2011
Uncategorized
By Geoff Bysshe
Ok, so when I said the markets would have to get above R1 to be bullish, I was not anticipating they would all gap open above R1!
Despite all the excitement in price action the volume was incredibly light. This …