Archive for February, 2010

Here is a short video on the what I see as the Market direction for March.
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I am releasing today a copy of an indicator call !RL_Name.  This indicator I created for labeling the lines in a percent change chart, allowing me to quickly indentifying all the lines.
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  We are caught in that sideways chop area that was defined for us in November and December.  We could be in for a bumpy ride until we can get to cleaner air both above or below this chop zone.   Asia   China’s Shanghai was slighty red while Hong Kong and Japan put...
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  The action remains unstable here until we can set a direction.  I started trading futures about a month ago and for the last two nights have been trading through the night session learning how to read thinly traded markets so I missed yesterday’s post which got 80% done.  Let me tell you it...
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We are in the middle of a launch from a correction that started in mid-January with a nice bounce off the bottom here.  But what now?  Is there a trap here? Is it a bull trap or a bear trap?  Don’t let the fear paralyze you into inaction which is also a trap.  There...
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Good morning.  The charts are all bullish and overbought but telling us more upside is left.  That does not mean we won’t have some red to consolidate the strong upside move we are having, but it is difficult to predict when that will come in.   The world:     Asia   China is...
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  Timing is everything.  Last night I left right after the markets closed for a little R&R.  When I returned the markets had all dropped 1% after hours in reaction to a well telegraphed fed’s discount rate increase.  The markets felt ambushed and the timing seemed suspicious.  Like the Apple accounting change, which also...
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  Running behind this morning so I will just update a few things here for the record  First the $SPX chart and Bulls/Bears game plan. I haven’t changed the lines from yesterday where we mentioned the 1100 to 1105 area was heavy resistance.  The bulls were never able to get over it even though...
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  There should be some more upside here until the bulls get tested.   Asia     Europe   United States   Economic news   Housing numbers out this morning to either stamp out or add to what is looking like another gap opening.   Earnings Lots of green and look at that Hecla...
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Good morning.  The charts have returned to a bullish mood with Friday’s price action and the developing gap open this morning.  The Eurozone is learning that maybe the end of their union has been greatly exaggerated.   China is closed for the rest of the week but here is how the rest of the...
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