Archive for February, 2012

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    Stock Trading Ideas for March 1, 2012
    , February 29th, 2012 at 4:58 pm

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  • Cautious, NOT Bearish (VIDEO)
    , February 29th, 2012 at 4:35 pm

    The market has experienced a large rally this year and now a little bit of selling seems to be bringing out a lot of nervous calls that the market is topping. Perhaps that is true and we have seen highs for a while, but markets dont usually switch direction all at once, it is more of a transition and this process may have begun, but evidence of real selling (lower highs and lower lows) just does not exist. Listen the the market, it is saying “be cautious, protect your gains, raise stops” it is not saying to get aggressively short.

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    Stock Market Analysis & Trade Ideas for 2/29/12
    , February 28th, 2012 at 4:36 pm

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    Stock Market Analysis & Trade Ideas for 2/28/12
    , February 27th, 2012 at 4:27 pm

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  • Buyers Remain in Control
    , February 27th, 2012 at 12:07 pm

    Although they are extended, the trends of the $SPY and $QQQ continue to be firmly higher as buyers stepped up in just ahead of key levels of support this morning. The $XLF and $SMH are more neutral and need to be watched closely, but consolidations are generally resolved in the direction of the trend from the larger time frame, which is higher.

    click chars to expand

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    Stock Trading Ideas for 2/27/12
    , February 26th, 2012 at 3:06 pm

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  • Stock Market Video Analysis Week Ending 2/24/12
    , February 24th, 2012 at 5:54 pm

    The video below takes a look at the trends of $SPY $QQQ $IWM $XLF $SMH

    I didn’t trade today, too much fresh snow to work, finally!

    I never think about work when I am doing other things.

  • Closing In on Inverted Head & Shoulders Target
    , February 23rd, 2012 at 10:01 pm

    We have been tracking the inverted head and shoulders pattern on the $SPY since December of last year as the right shoulder was forming. The two arrows on the chart below are the exact same height.  They represent the height of the  inverted head and shoulders pattern and the projected upside target from the break of the neckline.  

    When the neckline was broken I cautioned that we couldn’t expect the upward target near 138 to be met without any significant pullbacks along the way. The target has not yet been hit, but I was wrong about significant pullbacks as the SPY has not experienced a down 1% day once this year.  The chart in the POST BELOW takes a look at the steady uptrend the market has been in.  Will the market it make it to the 138 level?  Seems like it, but our job is to manage risk, focus on that.

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    Stock Market Analysis & Trade Ideas for 2/24/12
    , February 23rd, 2012 at 4:32 pm

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  • Uptrend Intact
    , February 23rd, 2012 at 1:21 pm

    The markets have felt a little sluggish lately, but the uptrends remain firmly intact. The $SPY remains above advancing 5, 10 and 20 day moving averages and above the uptrend line. Today’s low will be an important reference point for the rest of the week, a move below it would likely bring about a test of some other levels below (~134.50 then 133.80)