Barack Obama realizes that some problems are too big to be solved around a patio table and beer. Inspired by Teddy Roosevelt, the President fires his National Security Advisor General James Jones and hires former Vice President Dick Cheney. The president is later to have been overhead as saying "oh you said, big...
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I slept in late this morning so now have to bang out this post quickly.. here goes 10 Day High and Low I was watching intraday yesterday as it turned back and forth crossing between bullish thru neutral to bearish back again to bullish but the close pushed it into neutral territory and scores...
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Good Morning – A video going over yesterday’s breadth indicators and overnight action.
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Good morning.. Looking around the world this AM. Asia China was unable to hold onto its green and closed slightly red today while Japan continued its rally and closed up another 1.3%. That put the NIKKEI at new highs while China continues trying to recover from a good pullback from its November highs. Europe...
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The recovery is in progress and today I want to measure how far we have come in the stock market recovery based on five indices. As we close into the year end I trotted out the weeklies to take a milestone measurement to see exactly where we relative to each index. I have...
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Tom the Trader (TTT) at TTTHedge.com is currently shooting 81% success for his ES trades in December. As of December 23rd Tom has made 80 ES trades of which 81.25% have a positive or breakeven out come. Total profits so far (without taking out commissions) is $9,200. Average trade size has been 1.98 contracts ...
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I am in the process of moving my website over to a self hosted WordPress site. If you could all do me a favor and respond with likes / dislikes and/or errors that would be terrific! This is a precursor to moving all or our sites off from Blogger onto WordPress since there...
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It looks today like another gap up. Around the world while we were sleeping: Asia put in another strong performance. Good manufacturing numbers out of Japan helped to boost the Nikkei and the Yen. Europe is mostly green across the board with a subdued rally this am, but green is green and our futures...
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I haven’t been posting shots of the Zweigs lately because they simply have been boring. Sitting in the neutral area they have not moved to overbought or oversold. The lack of Advance/Decline patterns (which mimicked the price action) made for a very difficult call on the direction of the breakout. We still have not...
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The RUT new highs are almost up to the highs set in October. They are coming in strong. We are now in 5 day cycle where we have to set consecutively higher new highs in order to maintain the momentum. The 375 set today means we would like around 180 at the open. That...
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