Another day another trend. As long as you use a 10 minute chart!
The longest trend from low to high has been 6 days. Oil stocks are starting to get a bid. The gold breakout this week couldn't be more timid.
Continue reading "Trend following is just so easy to do" »
FEDEX - I heard this morning that Fedex is not like UPS at all. It is only UPS that has a problem. Let's check the charts. Here is FEDEX weekly from 2005.
Well. Is it a canary, A black bear, a Grizzly or a Kodiak?
Continue reading "53' of Bear Canary. Don't open the Door! " »
Well, just back from time in Tuscany, and the markets have a thousand stories. All interesting, all for us to trade. The interesting thing is the opinions are barbell weighted here. Strong bull market, strong Bear market. Lets do some review.
Here is a chart of $COMPQ. Looks ok, or does it?
Let's zoom in on the last 4 months.
Continue reading "Barbell opinions, mixed charts...what to do..." »
Here is the current $SPX.
Sitting in the middle of the six month range, bouncing off the 200 DMA. Now compare with 2011.
Continue reading "Is this Deja Vu all over again?" »
In the market rally of August 28th , 2010 I sat firmly committed to being short while the market roared ahead in the face of global issues. It was a painful lesson to ebb and flow wth the market.
Continue reading "Gut wrenching reversals - some of my lessons" »