S&P 500
Tuesday 11-18-2008
As a trader if you don’t have patients this market will surly teach them to you, 27 days now in a consolidation pattern. There is no question or doubt whether we are in a recession (we are)! And whether the stock market is in a down trend (it is)! At Hit [...]
S&P 500
Wednesday 11-5-2008
The S&P is working on a 6 day Pin Ball set up after a big stick day on 10-28-08. Price is leading the 2ema and the 2 is leading the T-Line. Yesterday we came a little to close our 1st target (34ema) I would start watching for a pull back to possibly [...]
S&P 500
Monday 10-27-2008
Continue to keep some or all cash on the side lines during this rough time in the market. We are in the midst of sideways chop in a down trend. We need a strong candlestick buy signal and a Swing Low confirmation before we commit large positions.
Good Trading and always Trade For [...]
S&P 500
Thursday 10-23-2008
The S&P closed down yesterday keeping the trend direction DOWN! I do expect a move up to 918 to 928 then most likely back down or at least a close below the T-Line. The key is to have patients and wait for a strong candlestick buying signal and a Swing Low buy [...]
The S&P, the market is having a tough time after the Dumpling Top, we are seeing follow through. This is an important time to keep watch of Price, 2ema, T-Line and the 34ema. They point out the TREND and very visually I might add so play the TREND.
As far as today goes the 2 is [...]
S&P 500
Wednesday 10-15-2008
Yesterday the S&P closed with a Doji / Spinning Top at the top end of the 10-13 candle and below the T-Line with the 2ema below the T-Line. (Sideways Chop) The Morning Star signal is still in play, We just have not had the Swing Low confirmation yet.
Trade cautious until we do [...]
SPY
Tuesday 10-14-2008
The SPY put in a Morning Star signal closing over the T-Line. This makes it very easy today, you want to buy on strength over the T-Line. The 2 ema must close over the T-Line to create a Swing Low Buy signal. And a Pin Ball set up.
A big day like yesterday may [...]
Today / Tomorrow in the S&P-500
Monday 9-8-2008 New from the weekend popped the market up strong closing over the T-Line confirming the Hammer signal of Friday
Tuesday 9-9-08 Now that we have a price closing over the T-Line and a type of a Pin Ball setup what you want to see is price closing today [...]
Yesterday / Today in the S&P-500
Wednesday 9-3-2008 Today was a nice day in the market, good money was made by finding the good setups despite the down move in the market. We hit our first target of 1267 and came very close to the 1264 target or the bottom of the trading channel.
Thursday 9-4-08 [...]
Today / Tomorrow in the S&P-500
Tuesday 9-2-2008 Today the we had a little confirmation on Fridays Bearish Harami after a test of the 72ema. Closing today below the T-Line and the 34ema should produce a bit more down side.
Wednesday 9-3-08 We are still in a sideways channel trading up & down, I would look for [...]
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