Posts Tagged ‘ SPY ’

Things Are Getting Interesting

Things are starting to get interesting here.  I’m seeing more quality setups cross my screens as relative strength names form nice bases while the major indices chop around the last few weeks.  Up until yesterday, I had zero interest in being involved in this market on the long side, but this morning I started to [ READ MORE ]

Momentum Book Update

Ok, just to be fair, let me play devil’s advocate a moment regarding the health of this market, even on the shortest time frame.  The market is now back above a rising, if ever so slightly, five day moving average for the first time in over three weeks.  On the 10 minute chart, we’ve got [ READ MORE ]

The News Market

I always find it interesting how technicals and fundamentals often line up at turning points in the market.  As you know, I’ve been significantly long throughout this entire run the past few months.  When the market got a little extended short term, I pulled in the reigns and raised some cash, never north of 15%, [ READ MORE ]

RIMM Takes the Market For a Ride

I woke up this morning expecting the futures to be heavily red with a bad report from Research in Motion $RIMM yesterday afternoon and even worse reaction to said report.  The market, just hanging out up here, looked vulnerable to getting smacked hard and all at once.  So instead of the obvious, I woke up [ READ MORE ]

Value Outperforming Growth

Over the past few days I’ve noticed in the tape that value names are far outperforming growth names.  I took a deeper look at a few time frames tonight and found that my anecdotal observations were in fact correct when I looked at the data.  Take a look below for yourself. As you can see, [ READ MORE ]

Get Ready to Load the Boat

The market took a break today as expected, materials names were weak as the dollar moved up the better part of the day.  Goldman Sachs $GS continues to be the most important stock I’m watching, it tested that major 160 level this morning and was summarily rejected.  Buy some puts on Goldman as a hedge [ READ MORE ]

Wait For Consolidation

Get out your pens and pencils because I’m moving quickly this morning through a bunch of names.  The market is still overbought short term and needs time to rest.  Crude also needs to pull back, those stochastics are reading above 99.  I think materials take show some relative weakness over the next few days and [ READ MORE ]

Volatility Makes an Appearance

The fed raising the discount rate provided for some interesting volatility after hours and sent the US Dollar flying.  I’m expecting the market to pull back a bit between now and Monday afternoon.  We are overbought short term and need to see some constructive consolidation.  I’ll be watching the banks closely tomorrow[ READ MORE ]

Push Towards the 20 Day

The market is pushing its way up to test that 20 day moving average on the $SPY.  Don’t be stubborn, take some exposure off when it gets there and wait for resolution[ READ MORE ]

We’ve Got Video!

We’ve got video!  I’m stoked that I’ll be able to bring you guys more ideas now that I can run through charts in this medium, it takes too long to post 15 charts to the blog.  The picture you will see behind me is one of my favorite paintings, by Picaso, it is my own [ READ MORE ]

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