Tag Archives: Technical Trading
S&P 500 ….Price Action
The Spu took out yesterday’s low and trapped the shorts once again. If your view is Bullish, a new low is your stop. You will need all new price action over 1240 for confirmation.
A.M. Look 8/4/11
I wrote the Bulk last night…. Obviously ETF Traders were hamstrung until this a.m. S&P 500…Today we’ll look for price rejection in the mid 1270’s the first time up. The pit 200 day is app 1283. A lot of good … Continue reading
A.M. Look 8/3/11
Now for this week’s episode of the mid-week shuffle. We just had one monster break to unchanged on the year in the S&P. The average big move in the SPU is 80-100 points. We just got the FULL MONTY! Today, … Continue reading
NASD…The Matinee
2321,Nasd 100 Futures, becomes a key hold level for equities the rest of the afternoon. This is last qtr’s close and a major pivot for macro traders.
S&P 500 Futures
As you can see from this pattern..it is not a pretty picture! Attempting an outside reversal lower day… A close today is needed above 1279 minimally for the stocks to remain on a firm footing. It would be better if … Continue reading
A.M. Look 7/29/11
It’s the last day of the Month: The overnight low in the Spu was app the 200 day mvg avg. ( 1282 ish), NASD shows value at 2295-2310 first time down…I would still like to see AAPL print 378-80 to … Continue reading
General Comments
Silver just hit DL’s first support @ 39.50..the point & figure shows possibly over extended 39.25 first time down. Spu just hit some resistance @ 1308 The 30 Yr. Bond High was a tick shy of Dr. Nenner’s model # … Continue reading
7/28/11
The big scalp continues. Higher highs or lower lows should be treated with suspicion today. The probability is that traders get trapped both ways today as the drama unfolds. Given yesterday’s low in the Russell I think the odds are … Continue reading
Russell 2000
This is a trend line going back to last August. It matches up with the 200 day mvg.avg. in the Russell around 795. Be careful where you press shorts…The other indices based off this line show more downside room.