Reversal Symmetry and Negative Divergences
The generals have acted like a herd, as they bought the drugs in light of a slowing economy, with the PPH up 11 straight days.
SPX Rises on Weak Momentum and Narrow Leadership
The coming week is an option expiration, and there is often a strong plus day prior to expiration Friday.
No Market Edge after Rally
The market has entered the short-term overbought zone, and the longer-term momentum remains negative for all the major indexes…
Traders Profit from Up Bias
This week, there was probably some short covering in front of the long weekend, as the new Iran-British situation gets softer.
Positive Seasonal Bias This Week
With the current news cycle in a negative economic and Middle East mood, this volatility will continue…
Markets Need Technology and Financial Leadership
The unknown market factor right now is how aggressive the PPT will be in holding up this market.
Traders Enter and Exit Key Price Zones
The FOMC announcement today has more significance due to the housing decline and subprime problem that is being exaggerated by the media…
Daytrader’s Game into Month-End
Why get in the way of all the random price movement of individual stocks, as the generals and hedge funds scramble at every piece of news and media hype?
More Downside Following Contra Rally
The daytrading focus on the mini-meltdown from the SPX 1461.57 high has been the major indexes, ETFs and energy sector.
Subprime the Excuse, but not the Reason
The media excuse was about the 12 PM news regarding the sub prime problem and increased foreclosures, which have in fact been going on for quite some time…
Trading the Zones
This is a triple expiration week, with the market coming off a mini-meltdown, so the odds favor a strong trend-up day before Friday.
Trading Key Zones Eliminates The Emotion
The meltdown got rid of some complacency, and sellers will lighten up on any significant retracement.