Potato Peelings

And the World Goes 'Round!

2011-12-21T17:54:00.000-06:00

There is Symmetry and Art in the Markets

12.21.11 SPY 20 Day, Hourly - 13/34 Day Moving Average - Fundamental Range Analysis and Moving Average Crossover study. On Balance Volume moving up which is Bullish. Bullish crossover to the upside on the Moving Averages. This looks Bullish to me. What do you think?

Pot Odds - What's your roll?

2011-10-30T15:30:00.000-05:00

VIX at Low, SPY at High - Time for a Pause?

VIX-SPY 3 Month, Daily - Time to Return to the Mean?

Giddy Bulls!

2011-10-11T22:11:00.000-05:00

Laughing all the way to the Bank

SPY 20 Day, Hourly - 10.11.11 - Pressing resistance. A pull back followed by a follow up assault on resistance would not be unexpected.

Bull or Bear?

2011-10-09T16:41:00.000-05:00

At Resistance but Signs of Momentum

SPY 20 Day, Hourly - 10.7.11 - Trend is Up but SPY at Resistance. A Break above Resistance would be very Bullish. Monday and Tuesday could make the difference.

Bottom Drops Out!

2011-09-23T20:29:00.000-05:00

Down, Down, Down

SPY 9.23.11 - Gap Down - OBV Bullish

Approaching Trendline Resistance

2011-09-13T20:34:00.000-05:00

Pending Assault on Trendline

SPY 20 Day, Hourly - 9.13.11 - Range Bound Trading Pattern is Dominant. MACD and OBV are rising and bullish. Descending Trend Line offering Resistance to Further Advance. Price Action is a Mid Range. Technicals offer little help on direction from here.

Well Now? What do you know?

2011-09-12T18:07:00.000-05:00

Surprise, Surprise!

SPY 20 Day, Hourly - 9.12.11 - PPS Reversal Signal, Bottom of the Range, Pessimistic Sentiment - "Time for a Rally"

Support vs Over the Cliff

2011-09-11T18:14:00.000-05:00

Turning Point - Up or Down?

SPY 20 Day, Hourly - 9.9.11 - Technical Analysis has its Moments. This is a Moment. SPY price action is at support and at the same time we can see a "Lower High" from 3 Days ago. That is Bearish to a Technician. The Risk in this market is both to he upside and downside. On Balance the move appears to be to the downside.

Let's Keep it Simple

2011-09-08T21:00:00.000-05:00

Keep Deep when the Waves are High (Volatility)

SPY 20 Day, Hourly - 9.8.11 - PPS Roll Over. Sell Signal - Market is Very News Sensitive.

Bounce Off Support - Can It Last?

2011-09-07T06:03:00.000-05:00

Market Volatility at Point of Support

SPY 20 Day, Hourly - 9.6.11 - PPS Buy Signal near Support - Max Pain Point at 124 - MACD and OBV on the Rise - Can Move be Sustained?

No Jobs, No Money, Nobuma!

2011-09-05T19:50:00.000-05:00

"Get the Government Out of My Way - That's All the Help I Need."

SPY 20 Day, 2 Hour - 9.2.11 - Market in Bearish Down Cycle - Point of Control at 114.00. Point of Maximum Pain for Option Traders is 124.00. Those are strong and opposite gravitational forces.

And I Thought it was My Turn!

2011-08-30T21:55:00.000-05:00

"Not What I Planned."

SPY 20 Day, Hourly - 8.30.11 - Breakout Over Resistance which has surprised the Bears. What Next?

Tug o' War Generates Sideways Market

2011-08-28T18:18:00.000-05:00

Wide and Narrow - Which Way Next?

SPY 2 Year, Weekly - 8.26.11 - Large Drops often result is Sideways Consolidation - There are Bearish Suggestion in the Indicators.

SPY 20 Day, Hourly - 8.26.11 - Sideways Range Bound Price Action - Bearish Suggestions on Indicators

VIX/SPY Divergence Chart - 8.26.11 - VIX and SPY both are in Sideways Consolidation Mode.

Gold (GLD) - 20 Day, Hourly - 8.26.11 - And Then There is Gold - Nudging the 50 Day Moving Average - Being a Risk Alternative to Stocks it tends to be Move Opposite to the Market.

Back to the Drawing Board

2011-08-24T20:18:00.000-05:00

Looks Up; Goes Down - Looks Down, Goes Up

SPY 2 Year, Weekly - 8.24.11 - Weekly Trend is Down

SPY 20 Day, 2 Hour - 8.24.11 - Late Day Rally puts Bear Move in Doubt

SPY 20 Day, Hourly - 8.24.11 - Range Bound Cyclical Market

VIX/SPY Divergence Chart - 8.24.11 - Convergence Confounds the Bears

Wher'd that Come From?

2011-08-23T22:39:00.000-05:00

And Everyone was Thinking "Down"!

SPY 2 Year, Weekly - 8.23.11 - Weekly Charts are Great for Checking the Trend.

SPY 20 Day, 2 Hour - 8.23.11 - Short Term Rally off of Support. Longer Term the Trend is still Bearish.

SPY 20 Day, Hourly - 8.23.11 - Ten Day Range Bound Market - Could Breakout Up or Down - Bias appears Down

VIX/SPY Divergence showing Convergence - On Balance Volume Supported Upward Move

Bulls are Hanging On

2011-08-22T21:27:00.000-05:00

Who's in Control Here?

SPY 20 Day, Hourly - 8.22.11 - Momentum is Down

SPY 20 Day, Hourly - 8.22.11 - John Carter Indicators Suggest Bearish Trend

VIX/SPY Divergence Chart - 8.22.11 - Trend is Bearish

Tsumami Slide Continutes

2011-08-19T16:35:00.000-05:00

The Bulls are Under Water Big Time

SPY 20 Day, Hourly - 8.19.11 - Trap Door Opened to the Downside - Take a Deep Breath!

VIX/SPY Divergence Study - 8.19.11 - Divergence Widens which is Bearish - On Balance Volume Leads the Way Down - (If you don't believe it, follow the action on the blog. Our hope is to make this simple and straight forward with minimal distractions)

Bears Devastate the Bulls

2011-08-18T20:51:00.000-05:00

Bears can take care of a China Shop too.

SPY 20 Day, Hourly - 8.18.11 - 400 Point Drop in Dow portends Downside Momentum Underway - Bear Market Rules in Force

VIX/SPY Divergence - 8.18.11 - Lack of On Balance Volume Support led to Failure of the Weak Rally to the Upside. The Market is now in a Momentum Move to the Downside.

Lack of Volume Support Threatens Move

2011-08-18T00:12:00.000-05:00

Weak Move to Upside with Little Volume Support

SPY 20 Day, Hourly - 8.17.11 - Loss of 20 Day Support suggests a Roll Over on the way.

VIX/SPY Divergence Chart - 8.17.11 - On Balance Volume out of Sync with Weak Bullish Move. (the white line is flat and is not tracking the price action.) This Lack of Support suggests a Probable Rollover to the Downside.

Limbo Land Between Bulls and Bears

2011-08-16T21:37:00.000-05:00

You're Confused?

SPY 20 Day, Hourly - 8.16.11 - Support on 20 Day Moving Average - Looking for Momentum to go Higher.

VIX/SPY Divergence - 8.16.11 - Weak Movement to the Upside - Lackluster On Balance Volume in So-So Support. Bullish Rally at Risk to Fail.

Volatilty has Become the Norm!

2011-08-14T16:57:00.000-05:00

Hang in There for the Ride - Buckle the Seat Belts

SPY 8.11.11 - 20 Day, Hourly - Seeking Support while Reaching for the Trend Line - Consolidation may Take Some Time before the Next Major Move

VIX/SPY Divergence Chart - 8.11.11 - Note the Divergence of On Balance Volume (White Line) moving in opposition to price action. This suggest weakness in the move to the upside (but then there is the weekend to consider).

What Works for One Works for All

2011-08-10T20:23:00.000-05:00

You Have Not Seen Anything Yet. Just Wait 'til I Take on the Stock Market!

SPY 2 Year, Weekly - 8.10.11 - Support Could Give Us a Lift. But, the Next Step is Up for Grabs.

SPY 20 Day, Hourly - 8.10.11 - Decline Continues

VIX/SPY Divergence Chart - VIX and SPY in Consolidation - Next Move Uncertain.

For Lack of a Plan!

2011-08-08T18:40:00.000-05:00

Knock! Knock! Is Anybody Home?

SPY 2 Year, Weekly - 8.8.11 - Dramatic Market Drop to Support from May. Will it Hold? The Fed meets on Tuesday.

SPY 20 Day, Hourly - 8.8.11 - New Lows - Seeking Support - On Balance Volume in Decline

VIX/SPY Divergence Chart - 8.8.11 - Acceleration noted in price action. The Market is Very Oversold but that is not a Brake.

Market Votes on Washington Histrionics

2011-08-06T16:16:00.000-05:00

It's Up to Us to Clean Up the Mess - Come on America!

SPY 20 Day, Hourly - 8.5.11 - The Market Does Not Go Down Forever. The Current Environment is Very Negative. Perhaps We Should Look for a Bounce on Monday?

PIX/SPY Divergence (VD Test) - On Balance Volume has been overlain on the SPY Chart. The Mode is Very Bearish. Considerable Work by the Bulls is Needed to Even Make a Dent. On the Positive Side the Bad News is Already Out There. "Do the Bears Have Any More Bullets?"

Market in Free Fall - Looking for Support

2011-08-05T08:01:00.000-05:00

The Bear Attack Continues

SPY 20 Day, Hourly - 8.4.11 - Signs of Recovery Not Close at Hand

VIX/SPY Divergence Chart - VIX Spiked Over 30.00 - Divergence Widens - Bearish Mode

Bear Revenge

2011-08-04T09:08:00.000-05:00

Hungry Bears are Dangerous

SPY 20 Day, Hourly - 8.3.11 - Bounce into the Devil's Den - Relief Bounce but not yet showing Reversal

VIX SPY Divergence Study - Remains Bearish

Eight Days of Down!

2011-08-03T08:52:00.000-05:00

Windy on the Way Down

Escalator Up - Elevator Down

VIX-SPY Divergence - Looking for a Reversal Signs

Politics Trumps Technicals - "DC Square Dance"

2011-07-30T16:32:00.000-05:00

Market Awaits Political Compromise

SPY-VIX Digergence Chart - 20 Day, Hourly - 40 Day SMA - Interesting Crossovers may Confirm Reversal of Short Term (3-5 Day) Trend.

Just Waitin' on the SOBs to Make a Decision!

2011-07-26T17:10:00.000-05:00

This is Gettin' Ridiculous

SPY 2 Year, Weekly - 7.26.11 - Range Bound in Weekly

SPY 6 Month, Daily - 7.26.11 - Range Bound on Daily

SPY 10 Day, Hourly - 7.26.11 - Range Bound on Hourly

Trading Actions Hamstrung by Washington Inaction

All Eyes on Washington - Markets in Limbo and Volatile!

2011-07-23T15:42:00.000-05:00

Debt Crisis and Debate goes On and On!

Markets do not Like Uncertainty

SPY 2 Year, Weekly - 7.22.11 - Range Bound but Bullish on Technical terms but Market is Very Subject to News Events

SPY 6 Month, Daily - 7.22.11 - Range Bound Back and Forth Price Action

SPY 10 Day, Hourly - 7.22.11 - Range Bound Last Week with Market Holding its' Breath

Follow the Bouncing Ball

2011-07-18T18:03:00.000-05:00

Follow the Bouncing Ball

SPY 2 Year, Weekly - 7.18.11 - Longer Term Charts are Fundamental to the Technical Analysis. Longer Term is More Reliable than Short Term. When Short Term is Confusing it Always Helps to Drop Back to Long Term.

SPY 6 Month, Daily - 7.18.11 - The Six Month Chart is Sideways and Range Bound. Breakouts from this Pattern Could be Imprssive

SPY 20 Day, 2 Hour - 7.18.11 - Bear Potato Prevails - Considerable Resistance Lies Above. The Market is Very Oversold and Due for a Bounce but Overhead Will be a Problem.

You Call it Patience - I Call it Fishing

2011-07-15T19:19:00.000-05:00

What Will Be, Will Be!

SPY 2 Year, Weekly - 7.15.11 - Range Bound Market Dominates Pending Decisions in Washington - Bias Bullish

SPY 6 Month, Daily - 7.15.11 - Trend Channel is Up - Mid Channel in Position (Neutral)

SPY 10 Day, Hourly - 7.15.11 - Bias Down to Sideways

Consensus: Mixed Picture on 2 Year, 6 Mo., and 10 Day would call for a Sideway Bias for Monday.

Slippery Slope

2011-07-14T20:52:00.000-05:00

Trickie Decisions

SPY 2 Year, Weekly - 7.14.11 - Dipping into the Devil's Den

SPY 6 Month, Daily - 7.14.11 - Gappers Falling out the Sky

SPY 20 Day, Hourly - 7.14.11 - Market Backing Off, Trend is Down

Market Weakness for Three Days

2011-07-11T18:31:00.000-05:00

"Defense"

SPY 2 Year. Weekly - 7.11.11 - Price Action remains Above 20 Day Moving Average.

SPY 6 Month, Daily - 7.11.11 - Volatile Price Action over Trend Line

SPY 10 Day, Hourly - 7.11.11 - Three Days of Gappers with Close Under 50 Day Moving Average

Stiring the Pot in Sideways Consolidation - Breakout Suspense!

2011-07-10T17:59:00.000-05:00

"Soup Surprise"

SPY 2 Year, Weekly - 7.8.11 - Bullish Potato with Price Action above the 20 Day Moving Average. If market falls below 132.50 in enters the 20/50 envelope, sentiment may be changing to the downside. Otherwise the Action is Bullish to Sideways.

SPY 6 Months, Daily - 7.8.11 - Price Action the last several days was very volatile with multiple gaps. Gaps most often fill so this leaves a lot of possibilities for the coming week. Aside from technical analysis, the market is very news sensitive.

SPY 10 Day, Hourly - 7.6.11 - The 10 Day chart shows the Range Bound market of the last five days. On the Hourly the Price Action is within the Transitional Zone "Devil's Den". I call it that because it is fraught with danger to take a position in this zone. The Market is Not Committed to a Trending Direction.

Good Call to the Upside!

2011-07-07T19:09:00.000-05:00

"I Sleep Light"

SPY - 7.7.11 - Eight Days of Up calls for a Rest.

SPY 6 Month, Daily - 7.7.11 - Big Gaps can also Leave Pot Holes for Retreat

SPY - 7.7.11 - The Sleeping Tiger woke up with a Vengeance.

Waiting on the Breakout - "Sleeping Tiger"

2011-07-06T21:01:00.000-05:00

Just Say When!

SPY 2 Year, Weekly - 7.6.11 - Rejection from Devil's Den (Bullish in favor of Move Up)

SPY 6 Month, Daily - 7.6.11 - Sideways Consolidation inside Shade Rectangle. Breakout could go either way. Close at Upper Extent of Range is Bullish.

SPY 10 Day, Hourly - 7.6.11 - "Sleeping Tiger Play" in the Wings.

Potato Trading is Pretty Simple - Just Ups and Downs!

2011-07-05T19:25:00.000-05:00

Could be Roll Over Time?

2 Year, Weekly - 7.5.11 - Short Term Range Bound - Dipping into the Devil's Den

SPY 6 Months, Daily - 7.5.11 - Trend Line Break but will it Keep it UP?

SPY 10 Day, Hourly - 7.5.11 - Very Narrow Range today. After 5 Days of UP. a Down move could be anticipated. Rally could run out of steam.

US Dollar Value vs. The Equty Market

2011-07-04T14:50:00.000-05:00

Dollar Up > Market Down - Dollar Down > Market Up

SPY 2 Year, Weekly - 7.1.11 - A Strong Weekly Rebound with Break in Downtrend Line. The Big Question now is Momentum (+ or -)

SPY 6 Month, Daily - 7.1.11 - Strong Upward Move with Break in Trend Line. Price Action approaching Resistance. Baring Negative News and Events the Momentum could Carry the Market to new Intermediate Highs. A Stall at Resistance would result in a Failed Breakout and the Market would ball back into Range.

SPY 20 Day, Hourly - 7.1.11 - Bull Potato until Proven Otherwise. Price Action very strong on Top of 20 Day Moving Average without any Signs of Sideways Consolidation as yet. The Three Day market pause for the 4th. of July adds a Wrinkle to the Momentum Question. Technical Outlook would favor a Bullish Continuation with eventual Pause and Sideways Consolidation followed, perhaps, by a Pull Back in the next few days. As pointed out above, at lot depends on the Dollar.

Time for Thinking - Perhaps a Pause?

2011-06-30T22:01:00.000-05:00

A Man Needs a Rest Between Hops

SPY 2 Year, Weekly - 6.30.11 - Bumping Resistance & Trend Line

SPY 6 Month, Daily - 6.30.11 - Potential for Breakout but Resistance and Trend Line Could Prove Significant - A Pause for Consolidation would not be Surprising

SPY 10 Day, Hourly - 6.30.11 - One Week of Fire might call for a Pause - Bull Potato in Play! Staying on Top of 20 Day Moving Average even with a Pause is Important for Continuation.

Finally a Little Breakout Action!

2011-06-29T17:44:00.000-05:00

"I Dun Bin a Tadpole Too Long. Let's Get Goin'."

SPY 2 Year, Weekly - 6.29.11 - The Two Year Weekly gives us a Long Term View of the Trend. In this case it is Up. The Last seven week, however, have been down. This week the market has shown bottoming action and there appears to be a reversal of sentiment to the upside.

SPY 6 Month, Daily - 6.29.11 - The Trend for the last two months has been Down. A Bounce or Rally off of Support offers a Challenge to Resistance at the 50 Day MA (Green Line). A Break above the 50 could carry the market higher.

SPY 20 Day, Hourly - 6.29.11 - Breakout over Resistance should clear the way for a higher market. The Green Spot is a short term Target. The 20 Day MA has crossed the 50 Day MA which creates a Bull Potato. The Idea is to Stay on Top of the Yellow Line and Ride the Horse a Little Higher.

Back at the Top of the Range - What Next?

2011-06-28T17:59:00.000-05:00

Will the Fence be Broken to the Upside?

"This is an Action Related Blog designed for my personal use and reflection on the market and how I can best navigate all the variables. Questions and reactions are welcome, but these are ideas should never be construed as recommendations to others for market participation."

SPY 2 Year Weekly - 6.28.11 - The Bounce could be a Bottom?

SPY 3 Month, Daily - 6.28.11 - Pulling on the Bootstraps. Looking for Momentum

SPY 20 Day, Hourly - 6.28.11 - Range Bound Market at the Potential Breakout Point - Resistance could set the market back into the Range.

Range Bound Breakout versus Trend Extension Down?

2011-06-26T16:24:00.000-05:00

Goes from Bad to Worse for Me!

SPY 2 Year, Weekly - 6.24.11 - Is Eight Weeks of Down Overdone or Just the Beginning?

SPY 3 Month, Daily - 6.24.11 - Range Bound in Short Term - Begging for a Breakout (Watch for a Fake Out before the Breakout).

SPY 20 Day, Hourly - 6.14.11 - Weekly Trend in First Chart is Interesting. It Point Down. Short Term we are Range Bound. Do we get a Breakout? A Significant Breakout could Stimulate Acceleration.

Back in the Box with Fed Pessimism

2011-06-23T05:15:00.000-05:00

Gloomy Forecast Announcement on Economy Sinks Rally

(Click on Images to Enlarge)

SPY 2 Year Weekly - 6.22.11 - Seven Week Decline Seeking Support in the Box

SPY 3 Month, Daily - 6.22.11 - Back into Consolidation

SPY 20 Day, Hourly - 6.22.11 - Fed Kills Rally. General Market Returns to Sideways Consolidation Seeking Support in the "Box."

Large Move Deserves Time to Consolidate

2011-06-21T22:06:00.000-05:00

Just in Case!

SPY 20 Day, Weekly - 6.21.11 - Weekly "Not out of the woods."

SPY 3 Month, Daily - 6.21.11 - Gap Up may need time to Digest.

SPY 20 Day, 60 min. - 6.21.11 - Green Spot represents 2-3 Day Goal. The Market could get some Sideways Consolidation Action first.

Box Breakout Looming

2011-06-21T05:02:00.000-05:00

Popping Up with Optimism!

SPY 2 Year, Weekly - 6.20.11 - Dead Center in the Neutral Zone. Note Support Line and Bottoming Action.

3 Month, Daily - 6.20.11 - Sideways Bottoming Action (Consolidation) - Preparing for a Spring (Breakout) to the Upside.

10 Day, Hourly - 6.20.11 - Straining at the Bit to Breakout. Volume has been Weak which is a Negative for Momentum and Staying Power.

"The Homeless Bull" Looks for Better Times Ahead!

2011-06-19T18:10:00.001-05:00

"Homeless" - I Use to be a Bull - Gimme a Break!

SPY 2 Year, Weekly - 6.17.11 - The Week finished on an Up Note but the Weekly Trend has been Down. Can we get a Bounce?

SPY 3 Month, Daily - 6.17.11 - Up Tick on Friday does Offer Hope. Trend is Down until proven Otherwise.

SPY 20 Day, Hourly - 6.19.11 - Last Week showed some Improvement to the Upside. Price Action is inside the Neutral Zone or "Devil's Den". Trading in the Devil's Den is Iffy at Best. This is a Zone of Uncertainty and Lack of Direction.

Market at a Breaking Point-UP or Down?

2011-06-17T07:53:00.000-05:00

SPY 2 Year, Weekly - 6.16.11 - The Weekly Trend has been down for 7 Weeks. The Risk is to the Downside. The Market is Very Oversold and Primed for a Bounce. The Outcome is Uncertain.

3 Month Chart shows Downward Trend with some Acceleration.

10 Day, Hourly Chart shows Downward Trend but at Lower Levels near Support. The Two most recent Bullish Moves fizzled on low volume. A Breakout to the Upside would call for 129.5 on Good Volume and have the Price hold above the Trend Line.

The Bear Looking to Do More Damage - Will the Bulls Belly Up to the Bar?

2011-06-15T22:50:00.000-05:00

If I Get My Way My Gang'l Bust this Thing Open!

SPY 2 Year, Weekly - 6.15.11 - Lot's of Room to Move Down Some More. Green Spot Marks Bear Target.

SPY 3 Month Daily - 6.15.11 - Trend is Down, Bumping on Support

SPY 10 Day, Hourly - 6.15.11 - Price Action Drops Below 10/30 Moving Average Envelope (Potato). Sideways to Down Would be Expected from Here.

Retesting Resistant Highs-Trial Balloon?

2011-06-15T07:30:00.000-05:00

SPY 10 Day, Hourly - 6.14.11 - Gap Up to Resistance. Price Action could not Top Prior High and Backed Off. This could be a Failed Breakout from Consolidation as did happen Last Week. Wednesday could see a retest of the Highs and Lows of the Range.

Seven Weeks of Down?

2011-06-12T16:03:00.000-05:00

Click Images to Enlarge

2 Year - Down

3 Month - Down

10 Day - Down

The Downward Momentum is so Obvious it makes a Contrary Move to the Upside Possible. The Market is the Market.

Jailbreak Failed

2011-06-09T19:29:00.000-05:00

2 Year Weekly - Down

10 Day Hourly - Weak Bull Potato

5 Day, 15 min. - 6.9.11 - Rollover into the Close Disappoints the Bulls

6 Days Dowm and Where Do We Go from Here?

2011-06-08T17:20:00.000-05:00

Traders Toolbox - Plenty to Choose From - Just be Selective

SPY 2 Year Weekly - 6.8.11 - Six Weeks of Pull Back with No Brakes so far.

SPY 20 Day, Hourly - 6.8.11 - Six Days Down and No Brakes as yet. That's right. Six Weeks Down compounded by Six Days Down. That could be called Doubling Down. At any rate it is beginning to stretch statistical probabilities.

Hold Your Breath! Market at Break Point.

2011-06-07T21:22:00.000-05:00

Dramatic Market Moment!

SPY 1 Year Weekly - 6 .7.11 - Price Action is in the 6th. Week of Downward Movement. Bias is Down. Moving Average Crossover is Pending if the Move Continues.

SPY 20 Day, 2 Hour - 6.7.11 - Bias is Down. Price Action continues below the 10 Day Moving Average.

SPY 5 Day, Hourly - 6.7.11 - Weak close following Bernanke's Remarks. Bear Potato Prevails.

Could be Too Much of a Good Thing for us Bears?

2011-06-07T05:43:00.000-05:00

A Little Caution Here Might be Appropriate

SPY 2 Year Weekly - 6.6.11 - Five Weeks of Progressively Lower Closes on the Weekly. There was a Bearish Engulfing Pattern last week.

SPY 10 Day, Hourly - 6.6.11 - Several Days of Down Might Call for a Bounce. There could be some Short Covering which would add to an Upswing. It Could be Short Lived. Note how the On Balance Volume has Confirmed the Market Move.

The Bear has Ruled the Market of Late - But, For How Long?

2011-06-05T17:27:00.000-05:00

"I Don't Plan to Quit."

SPY 2 Year, Weekly - 6.4.11 - Bearish Engulfing Pattern on Last Candlestick can be of Significance. This is a Classic Bearish Signal.

SPY 3 Month, Daily - 6.3.11 - Trend is in Decline. The Market is Searching for Support.

SPY 10 Day, Hourly - 6.3.11 - Price Action is Below the 10, 20, & 50 Day Moving Averages. A Strong Bear Potato Dominates the Picture as We Head into Monday. The Bias is Down but the Bulls can Never be Counted Out.

Sleeping Tiger in the Making (Consolidation)

2011-06-02T23:27:00.000-05:00

I Gotta Get My Rest to be Ready for the Sprint

SPY 3 Day, 90 min. - 6.2.11 - Channel Trend is Down Short Term. Price Action is in Consolidation Phase (Sideways). Note the Horizontal Range Lines. A Breakout will go One Way or the Other.

SPY 2 Day, 15 min. - 6.2.11 - Sideways Consolidation between the Horizontal Lines. Looking for a Breakout which will Happen at some Point. Bias is Down as Price Action is Below the 50 Day MA.

Price Action at Resistance at Top of Channel Trend

2011-05-30T16:24:00.000-05:00

The Wall of Resistance does Have Holes - We will see!

SPY 30 Day, 90 min. - 5.27.11 - Channel Trend is Bearish. Rally last week carries the Price Action up to Resistance. A Breakout above Resistance could Offer Higher Prices. On the other hand a Roll Over following Consolidation would be Compatible with Past Performance.

"A Day Late but, Not a Dollar Short!"

2011-05-26T22:04:00.000-05:00

"Told Ya So!"

SPY 30 Day - 5.26.11 - Check the MACD as it confirms the Reversals. For the past couple of days the Sideways Consolidation has been recognized as a place from which a Breakout would occur. Direction was not foreseen, but the Breakout was anticipated. Today it happened to the Upside. In addition the 50 Day Moving Average was traversed to the upside so it now becomes resistance, A new swing to the upside is anticipated from here based on Technical patterns.

SPY 10 Day, Hourly - 5.26.11 - Breakout from a Sideways Channel Consolidation Pattern of the last 4 Days. Moving Average Crossover suggests a new Movement to the Upside that could Sustain over a Day or Two (more is always possible). Trend Channel remains to the Downside but short term the Price Action is Up.

Watch Out if the Sleeping Tiger Wakes Up!

2011-05-24T22:30:00.000-05:00

"I'm Just Winding Up My Spring"

SPY 30 Day, 90 minute - 5.24.11 - Trend is Down. Consolidation has been the Pattern the last few days. Energy is Building for a Breakout witch could be Explosive with Acceleration. Price Action is Below the 50 Day Moving Average.

SPY 10 Day, Hourly - 5.24.11 - Chart displays the Consolidation Channel. Breakout could go in either Direction, but the Recent Trend has been Down.

Moving Average Crossroads

2011-05-22T19:28:00.000-05:00

50 Day Moving Average Offers Support - Divides the Bulls and the Bears

SPY 3 Month, Daily - 5.19.11 - Critical point of Conflict between the Bulls and Bears. 50 Day Moving Average at Risk. Do we get a Bounce or a Breakdown?

SPY 30 Day, 90 min. - 5.19.11 - As the Wedge narrows the Market will make a Break one way or the other.

SPY 10 Day, Hourly - 5.19.11 - The Longer Term Trend lines are Critical and Most Important in Seeking Market Direction. Narrow the View to a Closer Short Term View to Make Entry and Exit Decisions. The Charts are consistent with a move to the Downside, but, the Market has a way of doing the Opposite of what is Expected.

Where Do We Go from Here?

2011-05-18T04:57:00.000-05:00

Ya Never Know What the Bulls Have Up Their Sleeves!

SPY 30 Day, 90 minute - 5.17.11 - Short Term Trend Lines are Down. The Market is Searching for Support. This is a Critical Juncture as to a Bounce vs. Additional Breakdown.

SPY 10 Day, Hourly - 5.17.11 - A Closer View showing Trend Lines and Possible Support of Recent Market Lows. The Question is, "Will it Hold?"

The Bear is Back!

2011-05-16T18:42:00.000-05:00

"Out of Hibernation and Ready for Action"

SPY 30 Day, 90 minute - 5.16.11 - Breakout to Higher levels failed. Market Pulling Back seeking new Support. Large Gap just below Price Action is a Vacuum looking to Close.

The Bull Broke Out!

2011-05-10T23:15:00.000-05:00

Is There Stamina Enough to Stay the Course?

SPY 10 Day, Hourly - 4.10.11 - The Trend Line as shown yesterday was broken. Low volume on the breakout has been noted by other analysts which casts doubt on continuation. The Proof though is in Performance. The Next Resistance is the Last High.

Could the Bull be Back?

2011-05-10T08:21:00.001-05:00

Moving Average Crossovers are Not Bull

SPY 10 Day, Hourly - 5.9.11 - New Bull Potato in Formation. Price Action now above the 10 & 20 Day Moving Averages. Bullish Pattern awaits Breakout over Descending Trend Line for Confirmation.

Sideways Consolidation Continues

2011-05-08T18:45:00.000-05:00

Consolidation Periods Demand Caution. Breakouts can be in Either Direction.

SPY 30 Day. Hourly - 5/7/11 - Longer Trend is to the Upside. Shorter Term the Direction is Sideways to Down. Price Action is Below the 20 & 30 Day Moving Averages. Trend Channel is UP. Price Action is Looking for Support to go Higher. Consolidation continues between 133 and 135.

The Bear is on a Tear

2011-05-05T23:46:00.000-05:00

There's a Lot to Stew About in the Market

SPY 30 Day, 90 m. - 5.5.11 - 10/30 Moving Averages form a Bear Potato to the Downside. No Apparent Support at Hand. Outlook is for Further Decline or Consolidation in the very short term.

Bear Move Until Proven Otherwise

2011-05-04T20:35:00.000-05:00

Mr. Bull and Mr. Bear in a Faceoff

SPY 3 Day, 90 m. - 5.4.11 - 10/30 Moving Average Crossover puts Price Action in Bear Territory. This is a clear Trend Reversal Pattern. Market from here will most likely move into Consolidation preparing for another effort to the Upside.

Transitional Bull-Bear Tug O' War

2011-05-03T21:23:00.000-05:00

Market Seeking Direction

(Click Images to Enlarge)

SPY 30 Day, 2 Hour - 5.3.11 - 8 Day Potato Yielding to New Bear Potato in Apparent Formation (this could fail to happen). MACD and OBV Rolling Over to the Downside.

SPY 5 Day, 30 m - 5.3.11 - Bear Move below the 10 Day MA. Belly Punch signals attempt to resume Bull Move. Results are Up for Graps.

A Bit Tiipsy at the Top

2011-05-02T19:58:00.000-05:00

Possible Turning Point in Market Direction

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SPY 30 Day, 2 Hour - 5.2.11 - 10 Day MA Break as Market Closes at a Low for the Day. MACD Rolling Over and OBV Dips. No Certainty, but these are Signs of Fatigue at the Top.

Seven Days of Bull Action!

2011-05-01T16:58:00.000-05:00

I May be Out of Breath, but I do Have Heart!

SPY 30 Day, 2 Hour - 4.29.11 - Seven Days of Bull is a Lot to Swallow. Can the Bulls "Keep it Up?" Your can follow the Potatoes between the 10 & 30 Day Moving Averages (Gold & Green Lines). The "Trend" is the Most Important Indicator of them all.

Dollar Up in Smoke - Market on Fire!

2011-04-28T22:52:00.000-05:00

Debt Crisis and Demise of the Dollar Dominates the Scene

SPY 30 Day 2 Hour - 4.28.11 - There are Ups and Downs in the Market, but trading with the Trend has obvious advantages. The "Trend", in fact, is the most important tool in the investor/trader toolbox. It is so obvious and yet frequently disregarded.

This Market is Something to Crow About!

2011-04-27T23:49:00.000-05:00

Let's Hope I Don't Lay an Egg!

SPY 30 Day, 2 Hour - 4,27.11 - Trends are best analyzed on the longer term. This chart is a 30 Day chart which is actually a 6 week period of time. The Trend is UP. Old Resistance becomes New Support. Pull Backs to Support are Bought at Support preparing for the Next Leg UP.

Bullish Breakout Over Resistance!

2011-04-27T05:46:00.000-05:00

How about that? Knocked down that fence like it wasn't even there!

SPY 20 Day, 2 Hour - 4.26.11 - Bullish Trend is "Back on Track." Resistance should now be New Support. The "S" factor is Bullish.

Market at Resistance

2011-04-24T23:16:00.000-05:00

Resistance Looms Overhead

SPY 20 Day, 2 Hour - 4.21.11 - Large Gap Up Last Week Creates Questions on the Next Move.

Celebration of Earnings!

2011-04-20T22:41:00.000-05:00

Earnings Beat Expectations & the Market Reacted

SPY 30 Day, 2 Hour - 4.20.11 - Large Gap Up on Earning Reports. Considerable Resistance Lies Just Above,

What's a Bear to Believe?

2011-04-13T07:23:00.000-05:00

I Think I've Seen this Before!

SPY 20 Day, 2 Hour - 4.12.11 - Pull Back seeking Old Support. Do we get a Bounce or a Lower Low?

Thought We Had Good a Grip on Things?

2011-04-11T17:21:00.001-05:00

A Sure Thing is Never, Ever a Sure Thing

SPY 20 Day, 2 Hour - 4.11.11 - What Looked Like a Firm Foundation was Shifting Sand. Next Stop 132.00 for Support on the SPY.

Sleeping Tigers Build Up an Appetite

2011-04-10T21:16:00.000-05:00

Appearances can be Deceiving

SPY 20 Day, 2 Hour - 4.8.11 - Range Bound but at Support.

The Fences remain Intact - Range Bound Market

2011-04-07T22:37:00.000-05:00

See Saw Price Action Prevails

SPY 20 Day, 2 Hour - 4.7.11 - No Breakout from narrow sideways market. Breakouts can be dramatic in either direction. The Primary Trend is Up.

Checking the Fences

2011-04-06T16:46:00.000-05:00

Looking for Breakouts in a Range Bound Market

SPY 20 Day, 2 Hour - 4.6.11 - Channel Trend is UP but Short Term the Market has been Sideways

SPY 2 Day, 15 minute - 4.6.11 - Mirror Images of the Last Two Sessions. Traders looking for a Breakout (UP or DOWN)

Bounce Off Support

2011-04-06T09:34:00.000-05:00

Bounce Off of Support in Trend Channel

SPY 20 Day - 4.5.11 - Trend Channel is UP. Above Moving Average.

Channel Cats in Action

2011-04-05T08:25:00.000-05:00

Channel Cats move from Bank to Bank

SPY 20 Day, Hourly - 4.4.11 - Pull Back within the Channel is noted. Market Action is seeing Support. Buy Opportunity may Happen.

The Trend is You Friend!

2011-04-03T17:40:00.000-05:00

The Trend is Up!

SPY 20 Day, 2 Hour - 4.1.11 - Price Action tends to form a channel on one direction or the other. Breakouts from this Channel can signal a New Direction.

Sunami Market!

2011-03-15T22:23:00.000-05:00

Roll with the Waves

SPY 20 Day, 2 Hour - 3.15.11 - Bottom of the Box Broke! The Big Question now is Will the Market Rebound or Continue to Retreat? There are Good Arguments for Both Cases. Right now the market is driven by news related to Japan and Libya. Neither has much to do with Fundamental Analysis or Technical Analysis. It is more related to Emotional Analysis which is more difficult to factor. This equates to "VOLATILITY."

Waiting for the Box Top (or Bottom) to Pop

2011-03-13T17:18:00.001-05:00

What are We Waiting For?

SPY 20 Day - 3.11.11 - Slight Breakout on the Bottom Side but Followed by Recovery. This Leaves the Resolution Hanging. Geo-political and Geological (earthquake) Issues Muddy the Water.

Breaking Out of the Box?

2011-03-11T03:01:00.000-06:00

"I'm Fed Up with these Bulls. It's My Time for a Change."

The Box May Break out to the Downside - The Trend is in That Way. On Balance Volume is in Decline. MACD is Down. The 50 Day Moving Average has not Held.

The Market can Sputter, but I'm Goin' to Strutter!

2011-03-08T23:01:00.000-06:00

This is Mardi Gras Week, so "Who Cares?"

SPY 20 Day, 2 Hour - 3.8.11 - Range Bound Price Action Prevails. Volatile Price Action within the Range make for Trading Inconsistencies. Caution is the Bottom Line. Sooner or Later there will be a Breakout and It could be Significant in Momentum. This is a Classic Sleeping Tiger Setup as Explained in the Sidebar.

Don't Box Me In!

2011-03-07T20:38:00.000-06:00

Will the Market Pop Up of Pop Down?

SPY 20 Day, Hourly-3.7.11- Boxed In and Range Bound. This Pattern is Begging for a Breakout. Take your Choice!

The Balloon Popped - Direction Uncertain

2011-03-05T07:17:00.000-06:00

Who Let the Air Out?

The Aerial Balloon in Suspension shown Yesterday fell as Expected and the Gap was Closed. 80% go Gaps Fill as did this one. The Week ended with a strong Close. The Market is still in Limbo and trying to Determine Direction.

Trial Balloon

2011-03-03T20:29:00.000-06:00

Rising on Air

SPY 20 Day, Hourly - 3.3.11 -Could this be a Punt? Lots of Gaps in Recent Sessions. 80% of Gaps Close. The Market is Bipolar until this Limbo is Resolved. Approach with Caution.

Bernanke Speaks, The Market Leaks

2011-03-02T10:04:00.000-06:00

He Talked all Day - Market Down all Day

Speaks for Itself!

Bull Speed Ahead!

2011-02-28T21:50:00.000-06:00

This is Fun! Right?

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/ES (S&P) 1 Day, 512 Ticks - 2.28.11 - Gap up followed by midday pull back and rally at the close. Bullish Outlook for Tuesday at the Open. On Balance Volume complimented the moves.

SPY 10 Day, Hourly - 2.28.11 - Bounce off of Support appears to have the market moving back into the Primary Trend.

The Market is the Market in Spite of the Mess in the World!

2011-02-27T17:32:00.000-06:00

When I Think Too Much, I Just Get Smashed! Pay Attention to the Charts for Direction!

Think what you want about all the problems, but, the Market Moves On!

SPY 20 Day, 2 hour - 2.25.11 - Pull Back in Response to Middle Eastern Unrest. The Trend is UP!

SPY 10 Day, 1 Hour - 2.25.11 - Bounce Off Support. Trend is Toward Recovery.

Geo-Political Market Volatility

2011-02-25T08:10:00.001-06:00

The Middle Eastern Lamp is Lit - The Genie is Out of the Bottle

CLICK ON IMAGES TO ENLARGE

SPY 3 Month, Daily - 2.24.11 - Longer Term we are at Trend Line Support

SPY 20 Day, 2 Hour - Shorter Term Trend Line Support is Broken

SPY 10 Day, Hourly - Price Action Challenges Support at 130. There could be a Bonce from here.

Libyian Unrest Rocks the Markets

2011-02-23T05:43:00.000-06:00

International Uncertainty Prevails

S&P Futures Suggest a Bounce after the Slide on Tuesday. Caution is Prudent given the Market Sensitivities to News Events. The Chart demonstrates the Steady Decline in Price Action complimented by the On Balance Volume indicator. Recovery is seen headed into the Golden Zone of "Value". This is a 6 AM Point of View on 2.23.11.

Fire Storm on Wall Street!

2011-02-17T19:02:00.000-06:00

The Bears have no Water

SPY 1 Day - 2.17.11- On Balance Volume led the Charge!

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A Charge Up San Juan Hill?

2011-02-16T17:18:00.000-06:00

Looks Like a Stampede to Me. It Could Get Spooked!

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SPY 20 Day, 2 Hour - Channel Trend Continue UP! When all looks Rosie, it may be Time for Caution.

SPY 5 Day, 30 min. - 2.16.11 - Gap Up! New Highs! Take Care!

Winding Up the Spring for a Leap Forward

2011-02-15T21:41:00.000-06:00

Preparing to Pop the Box

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SPY 5 Day, 30 min. - 2.15.11 - Following a long burst of Bullish Move, the market has to pause and digest and after a few "Burps" will Spring Forward assuming their is Bullish Money on the Sideline.

SPY 20 Day, 2 Hour - 2.15.11 - Channel Trend is Up. The Easier Trade is With the Trend and Not Against it.

FOR A GALLERY SLIDE SHOW REPLAY OF TODAY'S MARKET, COPY AND PASTE THE URL:

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What's your opinion?

2011-02-14T21:35:00.000-06:00

One Book, Different Opinions. That what makes a Market!

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SPY 2 Day, 10 min. - 2.14.11 - Bullish Move Continues but with a Slow Grind

20 Day, 2 Hour - 2.14.11 - Channel Trend is UP, but it is Excalating. That could lead to a Blow Off!

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