Friday Trade

Quick  Low Risk Trade Idea -

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Stacking Up

Things are stacking up as expected.

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SPX - it was assumed that we would turn higher here. A low risk long trade.

SPX 6-9

SPX - this was the follow through as of yesterday, and its still oversold.

SPX 6-10 Read More

Whats Your Favorite Color?

If your favorite color is GREEN, then you probably like the futures this morning at 6 a.m. Eastern time. Is Green expected to continue as the color of the day?   lets take a look.

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SPX- yesterday I thought we could expect a reversal and it looks to have happened

SPX 6-9

The NASDAQ looks very much the same, except...

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Interesting Developments

It seems that things continue to play out as outlined here over the past few weeks and months. Lets look at the charts.

 

SPX- watch this number.  SPX needs to bounce soon.

SPX 6-8  

The markets have not had a healthy correction in years. A long term chart shows ...

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33 Charts

The charts have lots to say,  lets just look at the charts....

SPX- I have been watching a wedge pattern for months.  It looks a lot like it  broke down & back-tested  (Orange Arrow)  It needs to break higher real soon or it will continue to just roll over.

SPX 6-5 Read More

Tricky Times

I dont always do a Friday report, but things looked fairly interesting today in various markets. There is uncertainty in the waters below and it may be up to the Friday Jobs report to set things in motion.  May the picture above emphasize the need to honor stops so we can trade another day .

$TRAN-  We've discussed the Dow Theory and "sell In May" concepts.   Will Fridays jobs report bring  recovery or sell off?

TRAN

The TRAN also made the 50/200 Death cross.

$TRAN 1

Lets look at the SPX...

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SCARY, HORRIBLE , UGLY (Or Not?)

I want to show you the chart that I had in my morning report for OIL Wednesday .  Please notice that it says that OIL may pull back to either the upper trend line or $59.34.  It also could pull back to the 50sma in this consolidation and be perfectly healthy...

  WTIC june-2

So what did OIL do Wednesday and what does it mean? ...

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Talk Of The Town

Lets get right to it,  this was a BIG move Tuesday...

 

$USD

USD 6-2 Read More

BOOM

Just a quick update -

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Frustrating

If you have been trading certain Biotech stocks, the markets have been exciting, but if you're watching for a directional move in many other areas? Its been a little boring, maybe a little frustrating. Lets look at the charts...

 

SPX - Sideways for most of 2015 really.  Frustrating for many.  Give me a break (out or down please) 🙂

SPX 6-1 Read More