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Update December 20th, 2011
Another example of why I will never suggest shorting this market. I prefer cash over shorting every time. Market has gone into extreme overbought mode, again. 90% up day with about 97% of volume going...
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Update December 29th, 2011
I put up a chart earlier in the day that showed a potential Bull Flag formation in the Q’s and said that a close at 55.90 would break Q’s out of formation. While this did happen, there is now a...
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Quick Update, April 12th, 2012
My opinion of the market is often different from what happens in the market. My belief now is that the market has topped out and that while it might thrash about it will not make any new significant...
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Update June 6th, 2012
It did turn out to be a 90% up day and as a result the markets did get into overbought territory so this would normally bring about a pause day for the following session. But then Bernanke is supposed...
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Weekend Update, June 9th, 2012
Old Wall Street saying. “Bottoming is a process, not an event.” I’m treating market events that have taken place over the past three weeks as a bottoming process. I have plenty of misgivings about...
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Quick Update June 15th, 2012
Smart by half, as they say. Note on the chart that even though THEY pushed IWM, and others, pretty hard today, the RSI did not reach 70. This suggests more upside before any kind of give back. And with...
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Brief Note July 27th, 2012
Nope. Missed the move completely. Hope you made a ton of $$ and that you took some off the table, just to be safe. Have to come up with a new indicator that lets me know when a news story is about to...
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Weekend Update, November 17th, 2012
Edit Sunday, November 18th: I’ve added a chart at the bottom of the post showing a potential ‘buy’ signal for $SPX using CCI. Thursday’s spinning top indecision doji may have thrown the market into a...
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Update November 19th, 2012
$NYADV closed at 2699 when readings at or above 2500 indicate an extremely overbought market. $NYAD, the daily reading, closed at 2341 when 1800 indicates extreme overbought. $NYDNV closed at 46 when a...
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Weekend Update, November 24th, 2012
What we know: An indecision doji on Thursday, November 15th, had the potential of sending markets into a consolidation phase, which appeared to have been confirmed on Friday, the 16th with a 6.55pt...
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