Posts Tagged ‘ SPY ’

Don’t Leave Those Screens

Interesting market eh?  As I remarked a few weeks ago, we are fully into a new cycle of trading where outside political and macro news will effect the market on both the intra day and shorter swing time frames than it had during the major trend leading up to this sell off.  You’ve got to [ READ MORE ]

Market Update

I’ve been slacking on the technical analysis side of this blog lately, mostly because putting all of the charts up here really is time consuming, and it’s far easier to just upload them to Chart.ly.  If you read this blog for the technical analysis aspect, or just the general market commentary, please make it a [ READ MORE ]

Narrow Range

Quick post tonight, but I want to comment on slew of different stuff that I’ve neglected to speak about. We closed a penny away from VWAP on the $SPY today, no coincidence.  Today was the epitome of wait and see, traders are playing some serious chicken.  Don’t be the first to move, wait for the winner [ READ MORE ]

Armistice

It seems as if the profit takers are done and we have an armistice in the market.  High momentum names have gotten crushed and many may be mortally wounded, their trends busted.  I still see some great ones out there though.  I don’t believe shorts have really taken control yet, which is why we are [ READ MORE ]

Will Bearish Patterns Resolve Bullish Again?

The weekly charts look solid to the long side as I remarked in my weekend note.  But I’m seeing bearish patterns all over the place now on the dailies.  Some great trends in retail are busted, namely $URBN $TUP and $JCG, they are all rolling over and look awful.  Materials look ugly as I’m having [ READ MORE ]

Turn Those Machines Back On!

Get those brokers back in here! I do trade commodities, but I’m sure as hell not an expert when it comes to the fundamental aspects of certain commodities markets.  Take for instance, the grains.  Would someone please explain to me WTF is going on, and why we just saw a massive dump over the past [ READ MORE ]

A Technical Cross Roads

I find it interesting how technical patterns often come to a point of resolution as major fundamental news is released.  This is true for assets across the board.  Tomorrow’s FOMC announcement once again comes as we are at a cross roads in several different assets.  Tomorrow’s announcement will kick off the next leg in several markets, [ READ MORE ]

Late Night Comedians Do Finance…Kind Of

I’m watching some late night television, I love John Stewart and Steven Colbert.  Frankly, John Stewart has more credibility than MSNBC, CNN, and Fox News combined.  Sadly, you’ll find more real news during this hour of television than you’ll find all day on cable news.   As a writer and performer Steven Colbert is far and away more [ READ MORE ]

The Open is for Amateurs, the Close is for Pros

Three straight days now the amateurs have painted the tape in the first hour, only to see the market lose VWAP and crater.  This isn’t healthy action people.  Institutions don’t do the bulk of their trading in the morning, it takes place in the afternoon after the dust has settled and their traders have a [ READ MORE ]

Does It Really Matter Why?

Was it the $BAC secondary announcement, how about the trader tax, or maybe even the jobs number tomorrow?  Who gives a crap.  All I know is that breakouts in either direction are being mean reverted, and quickly.  This is not my type of trading, which is why I’ve been mostly silent now for about a month. [ READ MORE ]

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