I am not much of a moving average technician but there is power in what others use to effect their behaviors so you need to be aware of them. These are the charts that I put together showing the popular 200DMA (blue), the 50 DMA (White) and the 20 DMA (Red). I do...
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![Zweig Breadth indicator hit oversold on Friday, 3 days too late for a thrust.. but still bullish $spx [chart]..](http://redliontrader.com/wp-content/uploads/ZweigBreadthindicatorhitoversoldonFrida_B301/image_thumb.png)
For an official Zweig thrust we need to move from oversold to overbought in a 10 day window. That signal when it happens is a starting gun for a 12 month bull market.. Missing by 3 days does sustainably take away from the bullish predictability of the run, but it remains a bullish accomplishment ...
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![The Road Traveled last week & Month.. $SPX, $RUT, $NDX, $BKX.. [Chart]](http://redliontrader.com/wp-content/uploads/TheRoadTraveledlastweek..SPXRUTNDX.Chart_66C4/image_thumb.png)
Here is my weekly markets chart: I have added retail tracking now. Since Jul1st this is were we are at: For completeness here is a weekly from the beginning of the year: And why not data overload with a monthly chart since the March lows: and now for the depressing one.. the %...
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![New lower target for $DX_F set at 80.40.. [Chart]](http://redliontrader.com/wp-content/uploads/NewlowertargetforDX_Fsetat80.40.Chart_6096/image_thumb.png)
My initial target for the dollar from the 89 area should be hit sometime this week around $82. There has been much of a trade in there for the past could of week. My expectations are we should break the 82 target and them trade down to 80 and chop in that area for...
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We have been joking in the live trading room lately over the popularity of the word “confluence” in various blog posts and tweets.. There is a reason for its over usage right now as this chart below illustrates the confluence of moving averages. In a tight 60 point range we have the 200...
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![Head and shoulders target for $SPY to 120 by Labor Day?.. a case [Chart]](http://redliontrader.com/wp-content/uploads/HeadandshoulderstargetforSPYt.acaseChart_8383/image_thumb.png)
I want to make a case for a $SPY target to 120. Sentiment could not be worse so often that is fuel for a rally we are just missing an ignition source. Chart wise we could trace out the following pattern on the SPY. The pattern would require a sell-off over the next...
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For fun I have run the numbers on buying and shorting Friday OPEX closes that exceed 2% pullbacks. So here’s the question.. would I be better off buying or shorting into Friday’s close looking at a 10 day window and what are the parameters for doing so. My strategy inputs are: Long...
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I have been doing my daily countdown to see if we could get a Zweig buying thrust from the oversold to overbought area (it needs to travel the distance in 10 day to be official). We still have one more day left but mathematically now it is impossible. If we were to get all...
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![Anybody notice how the BP spill timeline lines up the the $SPX performance? [Chart]](http://redliontrader.com/wp-content/uploads/AnybodynoticehowtheBPspilltimelinelinesu_11C13/image_thumb.png)
Maybe now that we are capped we can go higher?
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The last two days of trading have really held back or Zweig and now with two days left it will be difficult to get the ad lines up there. I did some reverse calculations for the exponential moving average the Zweig uses and calculated that we would need a 9:1 adv/dec line tomorrow to...
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