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...

Friday, October 16, 2009

10/16 - stage 3 SPY

SPX - still bullish


SPY - stage 3 again


VIX - pointing to SPX bullish

Thursday, October 15, 2009

10/15 - long SPY (+1.25)

EXPECTATIONS: stocks remain bullish and hit a high point at the target trendline...and if its on huge volume, i would say that will mark a shortterm top which will bring us sideways for a few weeks

CHANGE VIEW when: we close below 30ema and start to make lower highs and lower lows on the 30min spy chart...


SPX - bullish


SPY - still bullish

10/14 - long SPY (+0.85)

SPX - new high


SPY - bullish

Tuesday, October 13, 2009

10/13 - no trade SPY (+0.85)

SPX - resistance


SPY - sideways...no trade


XLF - side for a few days now

Monday, October 12, 2009

10/12 - long SPY (+1.07)

SPX - resistance still...


SPY - still healthy