Last week's call had me nervous for a second there. A very chaotic week, but I had several opportunities to put on a couple positions. Hats off to anyone who waited for that upper expected move. (two opportunities) Large expansion for the expected move from last week to this week = expect volatility to pick up. Couple quick notes: - 10 yr / 3 mo yield inverted....
For what it's worth, I don't have any Gravity Points identified under the "Gravity Point Very Hard" Chart Dump this week. See what I see. Last Week's Post Other Relevant Charts: (One Last Rally) (Interesting Development) (Kings Crown) (Extremely Useful) (Combo Equal-Weight Indice Chart) (Extremely Useful) ...
Not a whole lot else to say other than that. Transports are the brother of Small Caps in my opinion as far as leading the rest of the market. Just want to point this out because it's a canary in the coal mine and easily missed. 1 Wk % Change: SPY: -4.55% NDX: -4.92% DIA: -4.44% IWM: -5.52% (Leading) DJT: -10.14%......?
The DJ:DJT chart corresponds to an update of the chart published in the article "Trading the Dead Cat Bounce Pattern." TheLiveTradeRoom
Last week's Implied Volatility was $49. This week's Implied Volatility Expected Move is $47. So another volatility contraction right? Wrong. We've got a holiday next week folks and we've got three and a half trading sessions. Given this, I'm inclined to say it's going to be a pretty volatile week. I zoomed in to the 15 minute time frame here, as opposed to my...
The DJT daily chart corresponds to the chart published in the article "Trading the Dead Cat Bounce Pattern."
It's getting dicey out here. Huge moves in the market this last week. Last week $90 expected Move. We moved all of that and then some. Next week only a $65 expected move. We saw that kind of action in the S&P's on Friday. All of next week, we're supposed to move $65, but we did that on Friday. I anticipate the price action will move OUTSIDE of the expected move....
Shares of the S&P 500 (SPX) are in serious trouble. We've violated a multi-year trend line going back to recession lows of 666 (white line), sliced thru the major moving averages like the government slashes through our money, so I'm officially calling the uptrend over... until proven otherwise, sell in to any strength and hedge yourself! Happy trading and be...
As is suggested by the heading even though we're seeing a rebound of DJI's rally one of it's confirming indicators is showing weakness. For the most part we use the Dow Jones Index as loose indicator of the overall economy, when it's performing well, on it's face, we discern that the economy is humming along well. As a confirmation for the thought process we use...
I don't believe I need to explain candlestick patterns here, but I don't often visit the monthly chart and believe this could be easily missed by many. I can count on one hand the number of times I see a monthly hammer in the last 15 years. It's 4 for 4 so far.
Chart is in Log. Tried to hold myself accountable to not take any liberties with adjusting trendlines ever so slightly to make it appear 'more' bearish. Trendlines are lows and highs absolutely. I like the simplicity here. Just two trendlines.
Hello friends. I'm posting this for general reference. In my opinion this important index is right at the Green to Red boundary. Thank you for taking a look.
SPX has been a wild ride... even experienced traders like myself have been getting pushed around, stopped out, and left scratching our heads trying to make sense of this market. It's times like these that it's important to remember that the "why" isn't that relevant to us from a trading perspective. Technical analysis provides unbiased, objective, and most...
I've wanted in UPS for a while but refused to chase the move higher. Now that we're getting some weakness, I'm eyeing this name for a long-term investment. I'll be a buyer on a test of the breakout level/50% retracement at $86.5. Shorter-term, I expect continued weakness, so there's no need to rush in to this one!
Hello friends. While critics of the Dow Jones Industrial Average believe its composition results in an outdated view of the world, its ties to the economy, whether real or psychological, are still significant. Here's my modest perception of the chart. Thank you for taking a look.
Some say that that Dow Jones Transportation Average index can be used to predict the behaviour of the stock market. If it is true: the index seems to approach a support line. Perhaps this may indicate that the sell-off in the stock market is over soon? Well, we will see ...
#Russell seems to have made a top, transports following (small) industrials first? #Dowtheory