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Jan 14 2010
Weekly Trend: __ Up Daily Trend: Up Daily Momentum: Flat We’re coming into earnings season so ensure that you check appropriate dates (we have them circled on the chart). Ideally you do not want to be holding a position over an earnings release.
Continue reading...Jan 13 2010
14. January 2010
Weekly Trend: __ Up Daily Trend: Up Daily Momentum: Flat Despite calls from some parties for a massive selloff, one that takes out the March 2009 lows, the evidence stands that price is taking a pause. looking at one of our favoured indicators, the Dow Transports, its holding itself above water and continuing to confirm [...]
Continue reading...Jan 11 2010
12. January 2010
Weekly Trend: __ Up Daily Trend: Up Daily Momentum: Up I think some small warning is now in order. This market is losing some internal momentum. Stocks that have been doing quite well all had a weak session last night. Our red alert indicator has now produced 5-red bars in succession which is a key [...]
Continue reading...Jan 6th 2010
7. January 2010
Weekly Trend: __ Up Daily Trend: Up Daily Momentum: Up Still not a great deal to report. The market is in a holding pattern after being a little overextended over the last few weeks and it may even take a small breather to the downside. It has broken out but is not showing true conviction [...]
Continue reading...Jan 5th 2010
6. January 2010
Weekly Trend: __ Up Daily Trend: Up Daily Momentum: Up A day of consolidation but there are plenty of new setups developing. We’ll post three new ones today and more in the coming days. We also need to be on the lookout for earnings coming through. THC, and existing position, jumped over 10% last night [...]
Continue reading...Jan 4th – 2010
6. January 2010
Weekly Trend: __ Up Daily Trend: Up Daily Momentum: Up The S&P is breaking out into new high ground with increasing momentum. Daily and weekly trends are up. Long positions are the only appropriate strategy so we’ll start the year with reviewing trades we left behind from December and adding a new setup. We’ll be [...]
Continue reading...8 December 2009 – Weak, but quiet
9. December 2009
The market dropped 100-pts right on the opening bell and then stayed in a sideways band. It certainly appears that the sideways ranging is going to continue, albeit we still retain a positive interest in the broader indices strength. The Transports have broken up and out of the resistance and whilst they were weak last [...]
Continue reading...4 December 2009 – Higher into Xmas?
5. December 2009
It was suggested that last nights session would be a market mover – and we weren’t disappointed. Unemployment dropped sending the market dramatically higher but a bid also came into the US Dollar sending stocks lower again and pummeling Gold. Stocks dropped several hundred points from the intra day high before recovering to finish slightly [...]
Continue reading...2 December 2009 – Employment data looming
3. December 2009
A quiet range bound session that on the surface doesn’t mean a great deal. However, the key Transports index rose again to be very close to the important line of resistance. The fact that the index rose without support of the Dow Industrials could well be signaling that a break higher is nearby. US employment [...]
Continue reading...1 December 2009 – Watch the Transports
2. December 2009
Very strong evidence that the US aren’t concerned with the events of Dubai, albeit that’s their way of ignoring everyone else. The US market also got a kick along from the RBA rate hike yesterday. Its viewed in a positive light because it portends that we’re well on the way to healing from last years [...]
Continue reading...
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15. January 2010
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