Monthly Archives: June 2010

NinjaTrader – MarketReplay – Best testing, learning tool on the market and it’s FREE

June 30, 2010
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I have begun working with NinjaTrader as a result of their MarketReplay feature which is great for testing indicators and practice trading and getting in some redo’s.  You can practice risk management and entry styles like adding and subtracting from positions using real market data.   For those that can not or don’t want...
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Summary: $SPX head and shoulders.. watch out

June 30, 2010
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Summary: $SPX head and shoulders.. watch out

Good morning.   In New York City the water department during the NFL Superbowl has extra employees on duty to get ready for the annual big event.   The largest strain on the sewerage system each year is the half-time flush when millions of citizens synchronously flush their commodes.  Tuesday was a Superbowl flush and...
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40 DMA % Index slips to bear.. $SPX

June 30, 2010
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40 DMA % Index slips to bear.. $SPX

Score: -6   Tuesday’s price action pushed the 40 DPI into bear territory by sinking the indexes below the trigger lines on all three markets. (NYSE, NASDAQ, RUT). Video: How to interpret 40 DMA % Index Download: StockFinder  5.0  – 40 DMA % Index indicator
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10 day highs minus LOWS.. emphasis on Lows..

June 30, 2010
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10 day highs minus LOWS.. emphasis on Lows..

Score: –6 The 10 DHL followed the markets lead putting in both lower daily bars and continuing the downward momentum. Video: How to interpret 40 DMA % Index Download: StockFinder  5.0  – 40 DMA % Index indicator
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52 Week new highs.. no surprises here.. $SPX

June 29, 2010
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52 Week new highs.. no surprises here.. $SPX

Score: -6  So disappointing after building what might have been a recovering bottom the fragility of the markets shone through and the work of the last 5 days was flushed out with it.  There is some interest to note that we did not loose all our new highs and they were higher than four...
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Wayne Whaley to Kick off Summerfest lecture series at TTTHedge.com

June 29, 2010
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  Where: http://ttthedge.acrobat.com/traders When: 12pm EST Who: TTTHedge.com members first than guest on a first come first serve basis.   There is a summer special and membership is free up until Labor Day.  To secure your seat you might want to take advantage of TTTHedge.com’s 7th anniversary summer special.   For those that might...
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Summary: It ain’t over yet.. But getting close $SPX

June 29, 2010
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Summary: It ain’t over yet.. But getting close $SPX

Good morning..   We lost a little ground in yesterday’s close as our breadth charts moved back into the bear territory but just slightly.  There is much frustration that we can not put together a rally from these oversold conditions.  It is going to take some type of trigger event and perhaps this mornings...
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40 DMA % Index remains on the bull-side of the line..$SPX

June 29, 2010
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40 DMA % Index remains on the bull-side of the line..$SPX

The 40 DPI is still on the bull side of its signal line and was able to put in a +2 score based on the rising Nasdaq average.  I am still encouraged to the bull side for today but we need to see this gap down that is currently forming close up a little....
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10 Day Highs minus Lows slowing improving

June 29, 2010
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10 Day Highs minus Lows slowing improving

Score: -0 Slowly but surely the 10 DHLs are improving moving from a minus –2 score made on Friday’s close to a full neutral based on Monday’s close.  We have now cycled around such that any positiveness on Tuesday could put the charts into bullish score range.   A strong gap down open on...
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52 Week new highs a bloody disappointment.. $SPX

June 28, 2010
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52 Week new highs a bloody disappointment.. $SPX

Score: -4 I fully expected the 52 WHN’s to put in a neutral score today, even if we had a consolidation type day but alas the Monday action was to have none of it.  The NYSE had a good strong day and the RUT and NASDAQ were setting up to put in a green...
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