Thursday, May 31, 2012

5/30 - L-red, S-red

I want to say that its time to go short..and that is how i would have traded after just barely glancing over the charts...but after more deliberation, i've decided that we are actually still in a consolidation pattern and not enough evidence that we are going lower just yet....but then again, i might kick myself tomorrow when i find out that this was indeed the ideal time to go short...i think after looking at some stock patterns, i will be more sure







Tuesday, May 29, 2012

5/29 - L-yellow, S- red

I really wanted to call it RED for long and short...but when i told myself that its too fearful if i place 2 red signals, i decided that long was slightly better as its still pulling back so there is a chance it can continue even though strong resistance is seen in many charts....but after doing the stock scan, i realized i didn't like anything long or short anyway, so not so important...no good patterns makes me feel more like a RED signal in both directions is the correct call











Wednesday, May 23, 2012

5/22 - L-yellow, S-red

SPX - resistance, not yet


SPY


DIA


QQQ


NYMO


VIX


Monday, May 14, 2012

Saturday, May 12, 2012

5/11 - Long, yellow / Short, yellow

SPX - still no strength


XLF - below support...well below now...


Thursday, May 10, 2012

5/10 - Long, green / Short, red

SPX - support should hold


QQQ - bearish




5/9 - Long, yellow / Short, red

Now more ripe than before...i think i was too hasty to mark a green buy signal in the past 2 days...but now is good again...but think possible 1 more day selling...want 1 positive day first...

SPX - near support


IWM


NYMO


QQQ




Wednesday, May 9, 2012

5/8 - Long, Green / Short, Red

SPX - holds on closing basis but maybe below support better

IWM


QQQ


XLF



VIX


Tuesday, May 8, 2012

Monday, May 7, 2012

5/4 - Long, red / Short, yellow

SPX - not at support yet...huge fall



QQQ - huge volume near support


USO - huge vol, huge drop, support


Thursday, May 3, 2012

5/3 - L:red, S:yellow

SPX - going lower (i think)


IWM - overbought is a common theme and so is the reversal pattern possibly moving us to the support below


SPX weekly - shines light into just how strong this above resistance level is..goes back to 2008 and strong also in 2007