Happy New Year!
I think the biggest surprise to me was the outperformance of both the financials (XLF) and consumer discretionary (XLY). Comparatively speaking, the Dow (DIA) closed on the lows for the…
Market Perspective 12/12/12
On the 12th day of the 12th month of the 12th year of this century there are 12 trading days left. I thought it would be interesting to see where…
Change In Sentiment Via Price
SHORT TERM Taking a look at a 30-minute chart of the SPX you can see that the overall trend is down. Several levels of one-time support have given way providing…
Market View
I mainly focus on the SPX in my analysis as that's what I trade. Here's some charts that caught my eye this weekend. Keep in mind that we have the…
On Average True Range (ATR)
The average true range (ATR) is a measurement of volatility based on price action moving beyond a defined average (the default is 14 periods and what I'm using for now).…
How Strong Was Today?
Take a look at the SPX chart below that shows a daily close .42% outside the +2 standard deviation for volatility. Going back 5 years there were five other occasions…
Weekly Weeder
Ah yes, it's option expiration week. Hated by so many as a time of market manipulation yet also a time that many get paid, such as myself. Whether or not…
One Way I Use The Relative Strength Index (RSI)
I was asked more than once on twitter this week how I use the RSI information that I tweet on occasion so I thought I'd write a quick post to…
Perfect Storm?
Recall from last week’s update: Bottom line is that it appears more likely that the gap at 1312.62 gets filled this coming week. Memorial day isn’t that far off and…
Fun With Fibonacci
I don't place trades based on Fibinacci levels but I look at them because I know others that I compete with in the market are looking at them and trading…