28. June 2010 19:50
Do not be surprised if we have a short term upward reversal this coming week.
The S&P and Dow both exhibited doji bars on their cash indices and their ETFs on Friday. The Nasdaq index did likewise while the QQQQ didn't. GS had a great day on Friday with the... [More]
23. June 2010 16:31
Once in a while the markets give us what most traders fear the most ... the dreaded outside bar! An outside bar occurs where today's high is higher than the previous day's (or days') high, and Monday's low was lower than the previous day's (or days') low.
In practica... [More]
16. June 2010 17:20
Just a quick update on yesterday's OVI readings. The Dow and S&P's OVIs crossed to the upside (the S&P only just) but curiously the Nasdaq's OVI turned slightly down.
Today the Nasdaq is breaking upwards through its short-term resistance but unless its own OVI foll... [More]
16. June 2010 17:07
(Please note the OVI charts are Monday's as Tuesday's are still being calculated as I write this note)
Well the Double Bottom held and we've seen strong action on the main indices as they bounced off those recent support levels from last week.
The Dow is up 650 points in a week and th... [More]
10. June 2010 23:22
The major indices tried to get going positively today and got pegged back.
Here is the previous day's OVI chart for the S&P (today's is still being calculated as I write this note):
S&P (SPY) OVISimilar to the other indices, the OVI is negative and has been in virtually ... [More]