14. August 2012 22:32
Hi Everyone As we draw to the close of earnings season, make no mistake, it's been ugly out there folks! The main indices have been grinding upwards but on low volume and with rough and volatile swings. This isn't what we like to trade so we keep our powder dry during such times. &nbs... [More]
19. July 2012 11:00
Well, sometimes you just have to allow the market to have rest. Right now we're seeing a lot of churning and many stocks exhibiting neutral or nondescript OVI readings. That's fine ... the market is simply telling us it's on vacation. This is to be expected at this time of year, pa... [More]
25. June 2012 17:58
A quick note today where I want to highlight the difference between a good looking chart and an ugly chart. To be clear I only go for the pretty ones! So, what constitutes pretty?
Clear support or resistance.
An absense of long-tailed bars.
We want charts t... [More]
30. May 2012 20:35
There's an old expression in trading that says, "Let the market tip its hat ...". The meaning is essentially "Let the market show you where it's going". It's a nice little saying but when I started in this game, how on earth could I tell where the market was likely to go as a novice trad... [More]
13. May 2012 00:30
Well the charts look bearish, the OVI looks bearish and the count of flags looks bearish. On the other hand the S&P is sitting at a key support level that could bounce back up. My hunch right now is that a break of support is likely, but for how long I'm unsure. This is why we ... [More]