Saturday, April 28, 2012

4/27 - Long, Yellow - Short, Red

SPX - no resistance

DIA - at resistance..good chance to break it


QQQ - got room to move before resistance...



Dow Theory - UTIL got new high


NYMO - overbought but no super elated levels




Thursday, April 26, 2012

4/26 - L, yellow / S, red

SPX - above resistance


DIA - very near resistance


Dow Theory - now all converging towards new high


NYMO - slight overbought



XLF - still under resistance..maybe this plus DIA at resistance makes us go lower


Wednesday, April 25, 2012

4/25 - L-yellow / S-red

SPX - resistance now...but possible to go higher


SPY - tight range holds?


QQQ - just getting started with the bullish trend?

Tuesday, April 24, 2012

4/24 - L-yellow, S-yellow

SPX - some bullishness


Big vs Small cap - leadership going to blue chips and out of tech....defensiveness


IWM - bullish divergence in oscillators


XLF - bigger strength vs SPX


4/23 - L, yellow - S, yellow

SPX - at support, or confirmed breakdown..unsure


IWM - very strong support bounce making me feel yesterdays fall was more bullish than bearish



XLF - 2 scenarios just like SPX


XLF 60 - right 60 min range




Friday, April 20, 2012

4/20 - L-red, S-green

SPX weekly - support and healthy pullback


SPX - resistance strong here


XLF - fell harder than indexes despite good earnings overall...and now just barely broke below the trendline...


Thursday, April 19, 2012

4/19 - L-red, S-green

Nothing has changed....caution to the bulls once again for resistance holding strong...actually torn between making it green to the shortside as it does look ripe....

SPX - resistance again


XLF - still resistance despite great earnings


Wednesday, April 18, 2012

4/18 - L-red, S-yellow

Its all about Risk Reward and not trend now when it comes to market analysis for the coming day...we got nice tight risk if we go short here and a 50/50 chance that we are going lower....50% change higher as well, but that risk is much higher, but an okay hold...just be cautious

SPX - resistance, ABC down?


SPY - still orderly


DIA - bullish scenario


XLF - same bearish scenario as SPX is hinting




VIX - H+S bullish reversal in the works?



NYMO - no man's land...can go either way...


4/17 - L-yellow, S-red

SPX - slight above prior s/r, and doji was bullish reversal signal


SPX weekly, showing support bounce


SPY - reversal


DIA - above prior s/r by a lot...heading to prior highs


QQQ - looks ripe to go higher



Tuesday, April 17, 2012

4/16 - L-red, S-yellow

SPX. - nothing new...but doji scares me...


QQQ - weak spot but way oversold


Monday, April 16, 2012

4/13 - L=Red, S=Green

SPX - resistance hit...should go lower


VIX - bullish divergence shows strong chance of VIX reversal


Thursday, April 12, 2012

4/12 - L-red, S-yellow

  • main indexes hit my target resistance but after watchlist scan, i think we are going higher and this resistance will not be strong...just a sucker resistance
  • again i think we are going higher but if my resistance is correct, which it might still be, its still a horrible time to go long here...and short is bad because i see no good trade patterns, not even for paper trades


SPX - resistance...end of pullback?


SPY - level is perfect



DIA - same resistance


NYMO - not oversold anymore


QQQ - no resistance, pushing evidence


XLF - resistance as well



BA - watchlist scan tells me longside might just be getting started, not over...


Wednesday, April 11, 2012

4/11 - L-yellow, S-red

Better to go long than short as i think we got a lil more gas, but definitely nothing too long..would be really surprised if we go much higher...

SPX - lil bounce after selloff


NYMO - still oversold...so maybe 2 or 3 more up days...but limited imo