Archive for August, 2011

  • Resistance is futile
    Posted by on August 31st, 2011 at 11:18 am, Comments: 0

    Resistance against the first touch of resistance in an extended move up is usually futile, especially if you have a short time-frame.   A bit of [...]

  • Don’t get complacent
    Posted by on August 30th, 2011 at 4:33 pm, Comments: 0

      The leader of the bounce, the $QQQ is now in difficult, uphill waters.  No chart illustrates this better than the weekly:   We bounced [...]

  • A good start
    Posted by on August 29th, 2011 at 3:18 pm, Comments: 0

    We broke through the upper trend-line and the 20SMA, an excellent start towards the healing process and are now 12% above the $ES_F low of [...]

  • Usain Bolt 2011 World Final Disqualification
    Posted by on August 28th, 2011 at 11:27 am, Comments: 0

    Brutal to watch as Usain Bolt gets disqualified from 100 M 2011 World Finals. Contrary to what the sport announcers are saying though we had [...]

  • The End is Near
    Posted by on August 26th, 2011 at 12:06 pm, Comments: 0

      As crazy as this market seems it’s actually acting technically perfect IF you are trading it range-bound.   We came into yesterday telling our readers [...]

  • Resistance shorts are all the fad
    Posted by on August 25th, 2011 at 11:42 am, Comments: 0

    The theme of the day was the reversal of the 20SMA on daily .    Let’s take a look: Crude ($CL_F) reversed on the 20SMA $ES_F [...]

  • Market Road Map
    Posted by on August 23rd, 2011 at 12:28 pm, Comments: 0

      A good start for the bulls today as the rally is still holding (3rd time indeed was the charm) but we have tons of [...]

  • Random Thoughts
    Posted by on August 22nd, 2011 at 6:48 pm, Comments: 0

      We’re looking for a few possible “tells” to give us indication of when to enter for a tradable rally.  Here are some thoughts and [...]

  • Without conviction we’re nothing
    Posted by on August 15th, 2011 at 11:05 pm, Comments: 0

    We felt edge-less today.  We didn’t like longs as there are no good set-ups within our strategy parameters (need more base, moves are too Vish [...]

  • Now the hard work begins
    Posted by on August 15th, 2011 at 12:21 pm, Comments: 0

      The panic last week took us straight to the 200SMA on the monthly chart of $SPX.   The resulting bounce took us back up to [...]