Posts Tagged ‘IWM’

• Not Since January 2001 – Nasdaq 100 (QQQ)
  alphatrends, January 20th, 2012 at 4:27 pm

  The last time the Nasdaq 100 ($QQQ) closed a week higher than it did today, it was the week ending January 28, 2001! It is difficult to imagine that would be possible with shares of one of its largest components ($GOOG) finishing the week down close to 10% YTD. Fortunately, the market is more than one big tech stock and the video below takes a look at trends of $SPY $IWM $XLF $SMH and some of the larger important stocks.

  

• Stock Market Video Analysis 1/13/12
  alphatrends, January 13th, 2012 at 4:34 pm

  Markets were higher once again and key levels of support were defended on Friday which means the intermediate term trend remains “innocent until proven guilty.” See the video below for technical analysis of trends and key levels for $SPY $QQQ $IWM $XLF $SMH Enjoy the long weekned, don’t spend 3 days staring at charts!

  

• Stock Market Video Analysis 1/6/11
  alphatrends, January 6th, 2012 at 4:42 pm

  It was a constructive first week of trading for US equities but we still have a mixed picture when observing different timeframes which, unfortunately, means we still have to keep our defenses very high. The video takes a look at the trends of the $SPY $QQQ $XLF $SMH and $IWM.

  

• Markets are Still Acting Weak
  alphatrends, December 16th, 2011 at 5:20 pm

  It was another rough week for equities and the markets continue to look vulnerable. The video below reviews key levels of support and resistance for the $SPY $QQQ $XLF $SMH and $IWM

  

• Uncertainty Reigns Ahead of Fed
  alphatrends, December 13th, 2011 at 12:35 pm

  Markets experienced some large volatility this morning but are now quieting down ahead of the Federal Reserve statement. The declining 5 day moving average continues to be a problem level for the $SPY $QQQ and $XLF The $SMH is in much worse shape and gives us reason for concern.

  

  On a larger timeframe (not shown), the $SPY continues to trade below the downtrend line connecting from the July highs as well as below the declining 200 day moving average. At the same time, it is holding above the 20 and 50 day moving averages. See how clear that is? Exactly, markets are still telling us that uncertainty is high.

  For the markets to be able to sustain any upward momentum, the pattern of lower highs and lower lows below the declining 5 DMA will have to be broken, at a minimum.

• Recovering Market but Still Fragile
  alphatrends, December 9th, 2011 at 6:19 pm

  The battle at the 200 day moving average continued in the $SPY this week and after being rejected from that level on Thursday, the market fought back impressively today.  The big rally we saw two weeks ago seems to be getting absorbed through a time correction rather than a deeper price pullback and that is positive because it shows there is a stronger sense of urgency for buyers.  Markets are not healed yet, but the process of price recovery is more encouraging than it has been in a while.

  

• S&P 500 Up 7.3% This Week, But Still Down For Year
  alphatrends, December 2nd, 2011 at 4:30 pm

  Last Friday the market closed on the low of a week long selloff and the market looked terrible.   On Monday, the markets exploded higher with a large gap, which left shorts scrambling to cover and sidelined cash wondering if it was just a blip in a downtrend.  As the market held the gains we saw another large gap higher on Wednesday which further pressured shorts and make disciplined traders who are accustomed to “cleaner setups” feeling like they once again missed out.  Of course there were intraday opportunities and some decent setups, but most of the people I know felt like they missed a lot of the action.

  To keep things in perspective, the $SPY is still negative YTD, despite a massive 7.3% rally this week.  The market volatility has been phenomenal this year and there is no reason to think things have settled down or become more normal.  The video below discusses some of the key levels to keep an eye on from here.

   

  

• Market Clarity?
  alphatrends, November 28th, 2011 at 4:32 pm

  Today’s action was quite erratic and did little to provide any clarity to trade with confidence. The video below does show that there is some logic to the way prices are acting, but it is very difficult to have much trust in the action.

  

• Rough Week for Stocks – Video
  alphatrends, November 25th, 2011 at 2:34 pm

  It was a rough week for stocks as key support levels were broken and selling persisted. Right now there are no signs of new support levels being formed and a defensive posture remains prudent. While markets remain below their declining 5 day moving averages they should be considered guilty until proven innocent.

  

• Moving Averages are Just POTENTIAL Support Levels
  alphatrends, November 21st, 2011 at 4:21 pm

  There are times when a moving average will offer trend support or resistance to the penny and a lot of that has to do with the self fulfilling nature of technical analysis near widely watched levels.  The 50 day moving average is a very widely watched technical level and many people were looking to buy as the market touched that level.  Well the $SPY gapped down and closed below the 50 dma, so the perceived opportunity to buy never materialized.

  I like to say that the moving averages are just a reference point to compare trend to and that they give us an idea of when to look a the action on a shorter term timeframe.  The video below describes more…