Tuesday, November 8, 2011

11/8 - bullish financials

SPX - not much happened..but recent bullish candles making me think possibly more strength than i expected


SPY - closing at highs so quite strong....in a tight range now...


VIX - is it showing its hand? bullish?


HEAT weekly - financials most oversold...i am liking them here...

Monday, November 7, 2011

11/7 - hold / bullish

SPX - range?



SPY - not much to look at...


XLF - bullish wedge


not much new to talk about...more bullish than bearish as we still have a lil ways to go to the channel resistance and financials look bullish at this level

Thursday, November 3, 2011

11/3 - market analysis

SPX - strong hold of support...going to the high of the range i think


SPY - looking at this chart, maybe 2 more days of up...then stall and down we go again


NYMO - good time for superbulls

Wednesday, November 2, 2011

11/2 - market analysis


SPX - got another level of support here


SPY - weak support, only from yesterday




QQQ - but good support on this 30min chart



VIX - hmm...is this really resistance or another untechnical chart?



VIX 30 - some resistance and huge range if we go back down..middleland



We are in no man's land right now....damned if u long, damned if u short...so i would be super cautious and might buy nothing even if the chart pattern is perfect....

Tuesday, November 1, 2011

Market Analysis - 11/1 - bullish (hold)

SPX weekly - 2011 was bust


SPX - still on trend to go higher


SPY - still in channel




DIA - on trend



QQQ - nearing the highs....


IWM - hit the very old strong support last week...very important chart


VIX - think it is just a failed test of the breakdown..bullish


FXY - breaking down which is bullish for SPX


Wow...its been weeks, no months since i last did a market analysis..damn...its been too long...i am definitely rusty...i want to trade again...but i am not ready...need to start back slowly...first with market analysis to get a feel of the markets, then combine that with daily chart scans...hopefully get all this back on track within the next week or 2...can't waste more time...already wasted the last month's biggest gain in decades....

Sunday, August 14, 2011

8/12 - pullback over? (hold stop)

NYMO - back to full neutral


SPX - closed above resistance...good




TLT - showing strength today though..not good for bulls




VIX - shows that it again did not fall much and maybe ready to resume higher




XLK - what worries me most is seeing so many charts like this...basically a textbook pullback to breakdown levels and very likely this deadcat bounce is over and we drift lower monday



i have to stay bullish and we only have hints at a possible strong resistance from the breakdown level in some important charts...as we are still are probably cheaper than the stocks are worth, i think we can still go higher...but definitely a time to also look to the short side...

Thursday, August 11, 2011

8/11 - reversal today needs confirmation

TLT - big drop which makes sense with the market move...but thought gld would follow, but nope...also 1 day is not enough to break the TLT trend...


NYMO - neutral now...pullback over?


SPX - last minute selloff made the close a strong support going into tomorrow..rangebound a strong possibility



QQQ - same resistance in XLK and QQQ but this is quite an ugly chart for tech bulls as we are right at breakdown, making for a textbook pullback before more selling




MDY - midcaps got above resistance but as its not as important an index, dunno how much weight to give it


VIX - surprisingly, not a huge selloff here....this is a bearish sign that gives hope to bears that today's rally was bs


GLD - another bearish sign as a reversal in stocks should also be a reversal in other stuff such as the much looked at GLD...but in fact, gdx even rose



  • jobless claim numbers better than expected
  • ban on short ban proposed in europe...

got so many reasons to fear that today's push up was bs and that we will trade sideways...need confirmation of a move up and close about resistance for qqq and spx with a better selloff in vix and gld to make me feel better..but atleast there was a huge selloff in TLT which makes sense with the reversal...as i feel a big bounce from the lows made sense more than more selling, i also feel that this bounce we just had in 1 day and the stagnant moves of the last few days might be enough juice to move us way lower tomorrow or atleast firmly into a sideways pattern.