Titans of Wall Street
Savy, young traders putting everything on the line for a piece of the big pie...
Saturday, October 31, 2009
10/30 - stage 4a
SPX - no support
SPY - no support
10/30 - qqqq...support near
XLF - support
UUP - stage 3
Thursday, October 29, 2009
10/29 - stage 1a
SPX - bullish?
SPY - no longer bearish
DJIA - bullish
XLF - trendline holds
UUP - continued weakness possible in dollar
have to admit, today surprised me
didn't expect such a big move so soon...
now, i feel 50/50 that we can fall huge tomorrow or just consolidate (which is the bullish scenario)
Wednesday, October 28, 2009
10/28 - stage 4b
SPX - broke trendline
SPY - bearish
IWM - 2x top confirmed...very bearish
MDY - right at the 2x top support, bearish divergence
XLF - bearish divergence, support
GS - broke down..bearish
UNG - no support in sight
UUP - broke 30ema...more to go before good resistance
VIX - should hit resistance before stopping
Tuesday, October 27, 2009
10/27 - stage 4b
SPX - still pulling back
SPY - consolidating within a stage 4
IWM - not support yet
UUP - resistance is here...
10/26 - stage 4a
SPX - time for buyers to come back?
SPY - stage 4
IWM - no support yet
VIX - solid stage 2...
Saturday, October 24, 2009
10/23 - stage 3
SPX - resistance
SPY - stage 3
VIX - stage 1
Friday, October 23, 2009
10/22 - stage 3c
SPX - bullish?
SPY - side
IWM - ascending triangle?
XLF - back to stage 3
VIX - stage 1
Thursday, October 22, 2009
10/21 - stage 3c
SPX - pulling back....to support?
SPY - still sideways in my opinion...but close to breaking down
XLF - broke down...stage 4
VIX - back above 30ema...resistance tough here
Tuesday, October 20, 2009
10/20 - stage 3c
SPX - no resistance
SPY - bullish stage 3
IWM - resistance coming from here and holding
XLF - bearish sector sideways
UUP - dollar up, commodities down
10/19 - stage 2c
SPX - tight range when zoomed out
SPY - bullish channel
XLF - stage 3...laggard
IWM - 2x top? no new high...resistance point
ETFs - materials, industrial, and energy leading last 5 days, financials big laggard
HEAT - financials weak in some spots...
things remain bullish but IWM gives me reason to think this might be the top for the market in atleast the short-run...
if IWM breaks above to make a new high and XLF breaks out of stage 3 consolidation on the 30min, we will be much much more bullish than now...
looking toppy as i look at these charts...
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