Hi Everyone  Please watch the short video here.   Yesterday I sent you an email which included analysis about the GLD Bear Flag, which subsequently broke down beautifully in our favour.   Unfortunately some folks didn't receive the email on time, which is a shame as they could have... [More]

Hi Everyone The constructive price action has continued on the major indices in a minor way, but there is mooted OVI follow through. The OVI is still mildly positive on the QQQQ, and neutral on the S&P.  The respective breakouts in the indices have occurred with unspectacular volume, never... [More]

Hi Everyone The markets are still volatile with large daily swings up and down.   The basic patterns remain pretty bearish and the OVI for the S&P and Nasdaq are also negative, while the Dow OVI is around neutral right now. Nasdaq QQQQ Chart: I'm paying a lot of attention to this as... [More]

Hi Everyone, As you must know by now, my trading mantra is: "Trade What You See".  Having an opinion can be very costly in trading and you're always better off not having one!  Just trade what you see. While common sense may suggest the markets should have taken a downturn in thela... [More]

Hi Everyone, Friday's afternoon session saw a massive rally on the indices and across the board.  By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so thought best to take profits) I closed all my positions at about 2.20pm EST (7.20pm UK time just be... [More]