Archive for October, 2011

  • The Most Important Chart of the Day
    Posted by on October 31st, 2011 at 5:06 pm, Comments: 0

    A complete reversal of Thursday’s breakout above 1.40 in $EURUSD:   EUR/USD not only broke back below 1.40 but it also blew through the uptrend [...]

  • The Art of Knife Catching
    Posted by on October 31st, 2011 at 2:23 pm, Comments: 0

    The term “knife catching” is often misused to describe any situation in which a market participant attempts to buy a market which has experienced a [...]

  • Bullish Sentiment Reaches Highest Level Since April
    Posted by on October 30th, 2011 at 1:39 pm, Comments: 0

    Bullish sentiment among individual investors reached the highest level since April last week. Meanwhile, active money managers are still quite cautious although they are much [...]

  • Will the Shanghai Composite Ever Eclipse its 2007 Peak?
    Posted by on October 29th, 2011 at 10:37 am, Comments: 0

    Since monthly charts are back in vogue again as we wind down the 9th best month ever for the S&P 500 ($SPY), I thought I [...]

  • Back to July 18th Like Nothing Happened…..
    Posted by on October 28th, 2011 at 1:40 pm, Comments: 0

    Well not quite – the S&P 500 ($SPY, $SPX) nearly made it back to its July 18th low of 1296 yesterday and the Nasdaq-100 ($QQQ) [...]

  • Deja-Vu
    Posted by on October 27th, 2011 at 3:22 pm, Comments: 0

    RISK ON BABY!! A blistering rally across the board today as the dollar ($DX_F, $UUP) has been hit hard and virtually anything that can be construed [...]

  • Metals Have Their Mojo Back
    Posted by on October 27th, 2011 at 11:50 am, Comments: 0

    Gold ($GC_F, $GLD) has broken out above its recent 1600-1695 range over the past 48 hours and appears to be headed higher, while the US [...]

  • Back to the 200
    Posted by on October 27th, 2011 at 8:20 am, Comments: 0

    This morning’s euphoria has the market set to gap higher very close to the 200-day SMA. The last time the $SPY traded above its 200-day [...]

  • Trade Updates
    Posted by on October 26th, 2011 at 5:05 pm, Comments: 0

    Yesterday’s $AMZN earnings options trade was designed to profit from either of two scenarios: A. A pin near 230 along with post earnings volatility compression [...]

  • One of the Best Feelings a Trader Can Experience
    Posted by on October 26th, 2011 at 9:14 am, Comments: 0

    You spot a nice trade setup You set your plan and enter into a position The trade begins to work and shows you a profit [...]