Tag: spy

Weekly Thoughts

It doesn’t get much better than option expiration week. Throw in a nice little pullback and increased volatility and you’ve got a market again. Lots of economic data coming out this week starting Monday with retail sales. Tuesday has the Producer Price Index (PPI) and Wednesday brings the Consumer Price Index (CPI) both of which

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Attitrade Index Update

The index pulled back slightly Tuesday, down to 32.68 from its yearly high of 32.94 achieved last Friday. The more recent price action has moved the index significantly away from the 20 EMA and when that’s happened in the past there’s been a pullback. In other words, it was expected to either pullback or trend

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SPY Post QE2

The bull’s buying of every single dip seems to be unbelievable to many as they continue to try and pick a top here. This sideways action, like we had yesterday, is dangerous for those attempting to gauge the “epic fall” that is “so overdue.” I see the same indicators and hear the same rhetoric, but

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Weekly Thoughts

If you’ve done any reading related to the market lately you no doubt know the importance of this week. Odds are good that we break out of the range (about 3 points) we’ve been in recently as some powerful catalysts are on tap. If I had to guess (of the FOMC, elections and non-farm payrolls)

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Weekly Thoughts

Monday brings with it the start of the November option cycle and thus I thought I’d share some of the levels I’ll be watching. Below is a chart of last week’s price action (always a great place to start when assessing current value) which shows the $SPY closing above the weekly volume weighted average price

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Weekly Thoughts

It’s all about the jobs this week with the ADP on Wednesday and non-farm payrolls on Friday. Alcoa ($AA) reports on Thursday after the close to officially start earnings season. However, we have about 3 weeks before a clear picture of earnings season performance will be discernible. Here’s the complete economic calendar for this week.

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Pullback Or Plow Ahead?

I wanted to share an update to my proprietary indicator which finds itself in a decisive area at the end of the quarter. The black horizontal line is my reference point and both the orange and black circles represent similar action to where we are now.  The red line is the 20EMA and you can

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Weekly Thoughts

September has been a mixed bag but appears to be on track for some decent gains in 2010. As I pointed out last week, I thought the market would move higher and “prairie dog” above the 114 level. I will admit that I wasn’t expecting what happened on Friday, although I was looking for a

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Weekly Thoughts

The $SPY finds itself at the proverbial crossroads and it seems that everyone has an opinion of what’s about to occur so I thought I’d muddy the water a bit more (that should fulfill my blues reference quota for the quarter). Below are the weekly price targets for the broader index and a few other

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Price Targets

Ever since Dr. Brett left the blogosphere I’ve realized that his daily price target tweets had found a way into my trading. I’m no expert at excel but I was able to build the price targets that he so kindly shared and have added a few tweaks to accommodate my trading style. If you haven’t

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