Charts courtesy of stockcharts.com Last week suddenly the fear was turned off and the greed was turned on. The Ebola bottom held with an inter-day loss of the 30 RSI and the close back near that level by end of day. Bearish signals continue to be bullish in this relentless bull market. $SPY & […]
10 Fast Facts- $SPY & $QQQ Charts Read More »
Last week the markets did things that have not happened in a long time all of them pointing to a down trend and a structural change in the market. The 200 day was lost and then the market dropped dramatically. The 200 day has held as support since 2012. The 30 RSI was lost
10 Fast Facts- $SPY Chart 10/19/14 Read More »
The long term up trend is still in place with $SPY closing at a new end of week high on the weekly chart. Intermediate term time frame favors swing traders here with $SPY going sideways for the year with a +2.27% gain. $SPY has spent 11 weeks in a trading range of $180
$SPY Chart Facts – 5/5/14 Read More »
While the long term up trend is still in place we are entering into a small normal correction here so far. With the 100 day ema being lost the next long term support level is the 150 day ema from the last bounce. The best
$SPX Chart Fast Facts 4/13/14 Read More »
Long term trend is still up. We are still in a bull market. Intermediate and short term trend is range bound. Current resistance is now all time highs set Friday. The 20 day sma is short term support level. A close below this level
$SPX Chart Fast Facts 3/23/14 Read More »
Gaps in prices can be one of the strongest indicators of momentum and while many are using gaps as an opportunity to get out of a winning trades many times it is a great entry signal and beginning of a strong trend in the direction of the gap. Gaps work best in growth stocks especially
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2014 so far is not even positive, $SPY is slightly down on the year. 2014 has traded inside a $185 resistance/ $174 support price zone all year being rejected at those level many times. The resistance levels has coincided with all time highs and has been rejected almost a dozen times in the past
$SPY Chart Facts – 2/23/14 Read More »
“Bear markets have no supports and bull markets have no resistance.” –William Eng Wednesday was a perfect breakout entry signal for me after the bounce off the 20 day that closed above all time highs. Since we are now at all time highs there are no stop losses or trailing stops to be hit
10 Facts About the $SPY Chart- 11/17/13 Read More »
This was an interesting trade. I started off being short at the 50 day with the big reversal candlestick the day before the collapse to the 100 day line. I was holding a small $SPXU position (leveraged bear ETF) to play the short side and was in a
My $SPY Trade – 11/01/13 Read More »
We are still in an overall bull market with the $SPY over the 50 day. Leaders are still making all time highs and leading $TSLA $FB $DDD The $SPY is in a short term down trend. Five of the past six days have been lower highs and lower lows over the previous day. We
$SPY Chart Facts – 9/29/14 Read More »