Titans of Wall Street
Savy, young traders putting everything on the line for a piece of the big pie...
Tuesday, April 20, 2010
4/20 - stage 3b
2m : side
SPX - i see resistance
SPY - side
OIH - above resistance..bull
JJC - resistance..weak
VIX - support should hold
Monday, April 19, 2010
4/19 - stage 1a
2m: bearish...
SPX - trendline support
SPY - resistance still
IWM - still downtrending
XLF - resistance strong
NYMO - bearish ( i am surprised!)
VIX - bullish
ETFs - financials and commodities on opposite sides of the spectrum...one has to give...i think...(dollar still strong btw)
Friday, April 16, 2010
4/16 - stage 4a
2m: bearish
SPX week - first down week in a long time
SPX - big selloff breaks trendline on huge volume
SPY - GS news caused panic selling but bounce from support
XLF - below resistance...weak
JJC - big breakdown is bearish
VIX - out of the hole...
HEAT - amazing how red this is...been a long time since i've seen this
Thursday, April 15, 2010
4/15 - stage 2c
2m: bull side
SPX - volume coming back...dunno if thats a good thing or not for bulls
SPY - some resistance for tomorrow...weak though
DIA - no resistance at all
UUP - maybe this will ruin the party
VIX - another triangle in the VIX...every week it seems...
Wednesday, April 14, 2010
4/14 - stage 2b
2m: very bullish
SPX - bullish on very good volume
SPY - bullish
RKH - back to the bulls...but overbought so prob consolidate soon
USO - even oil bullish
VIX - not a new low though...this is bearish divergence
NYMO - bottom reversal to higher high...
HEAT - bullish all around but financials all lit up
Tuesday, April 13, 2010
4/13 - stage 3a
2m: slightly bullish..indecision overall though
SPX - closing at highs is good...but no real move
SPY - resistance? 2x top possible...lets see what happens tomorrow...dipping below 30ema makes us less bullish
QQQQ - got to a new high..bullish for spx
RKH - lower high? not for sure but definitely a laggard today
USO - strong resistance on a downtrend
VIX - head and shoulders possible...this is bearish
Monday, April 12, 2010
4/12 - stage 2b
2m: bullish
SPX week - 5th wave, but dunno where can the top be
SPX - channel resistance going to be important?
SPY - another new high
UUP - very weak...but why commodities weak too??
USO - strong level of support, but lagging vs market
JJC - slightly below support...bearish divergence
VIX - new low...headfake?
VIX 30min - breakdown strong...bullish
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