Tuesday, August 31, 2010

8/31 - stage 1b

bear - danger


SPX - going nowhere last few days


SPY - sidetrend still

8/30 - stage 1a

bearish - no trend


SPX - side


SPY - side...very can go anywhere...

Saturday, August 28, 2010

8/27 - stage 2a

bullish...safe


SPX - maybe ready to go to a inv h+s


SPY - bullish break


CANDLE - buy confirmed

Friday, August 27, 2010

8/26 - stage 1a

slight bullish


SPX - think it can retest lows


SPY - sidetrend


ETFs - weird..XLB and XLI lead, tech and energy weak

Wednesday, August 25, 2010

8/25 - stage 4c

8/26 - bearish...dangerous


SPX - support holds again


SPY - got slightly above 30ema...but resistance here...

8/24 - stage 4b

bearish - safe


SPX - below a support, onto an older one now


SPY - bearish breakdown

Tuesday, August 24, 2010

8/24 - stage 1a

bearish...


SPX - not a strong h+s but i am seeing the pattern in many stocks


SPY - side

Saturday, August 21, 2010

8/20 - stage 4b

bearish


SPX week - range that with elliot wave count is likely to turn bullish after this corrective stage


SPX - found support intraday..think we might get a bounce from here...


SPY - below good resistance

Thursday, August 19, 2010

8/19 - stage 1a

bearish - unpredictable


SPX - side but higher volume on down day


SPY - big range...


XLF - brokedown today...

Wednesday, August 18, 2010

8/18 - stage 2b

slight bullish...need to be cautious here...

SPX - 30 ema resistance? middle of range with doji...total confusion



SPY - ascending triangle...resistance might hold though...who knows...

8/17 - stage 2a

bullish - getting pretty damn predictable...


SPX - i think we drift back to the highs to confuse ppl even more


SPY - bullish despite late day selloff


ETFs - definitely POT news was big for materials...financials lagging is no good though

Tuesday, August 17, 2010

8/16 - stage 4c

sidetrend..no direction...

SPX - unsure but starting to see other charts go to sidetrend on 30min


SPY - side


SPY candle - buy candle...i agree...more so than sell...

Saturday, August 14, 2010

8/13 - stage 4b

Bearish still


SPX week - weak on weekly


SPX daily - can go lower...side..unsure


SPY - tight range last couple days

Friday, August 13, 2010

8/12 - stage 4b

bearish...predictable...but watchlist scan is more bullish than bearish 4 to 1



SPX - should fall some more..


SPY - still bearish despite finishing way off the lows


ETFs - why the strength in materials? i saw ag stocks doing very well today