Monthly Archives: January 2014

Mixed Signals

Today, the market bounced from its oversold levels. The way the futures traded yesterday afternoon and the sky-high jump in the price of Face Book seemed to nearly guarantee such a day. At the end of the day, however, the … Continue reading

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Don’t look now…here it is again

Will we go higher from here or break the little back and forth trade that makes many millions? I know it is cold in New York. I know Seattle vs. Denver is not the best Super Bowl match up for … Continue reading

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Out with the Old, In with the New

Themed for Chinese New Year, the Federal Reserve sends volatility higher and equity prices lower. Let’s see what the Year of the Horse brings. 恭禧發財

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Into the FOMC

The world’s eyes are on the Fed once again.  Last night, the S and P 500 futures traded to 1802, as predicted by the inverse Head and Shoulders traced above. Also note the close relationship between the Fibonacci retracement figures and … Continue reading

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The Faithful

Faithfully watching, the major indexes slope toward their channel supports. A half a dozen times previously, the indexes have used these channels as support. Will this time be no different? Why do I expect the US market to operate fairly? … Continue reading

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Destablized

Long-term support (the light blue line) was broken decisively. The 100 day moving average waits. Having made the bed with long delta in the second box range above, we must adjust accordingly. Every time this has happened during the past … Continue reading

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Watching the Futures

The S and P 500 futures are trading aggressively lower overnight. The big question becomes: will they rebound again from the 50-day moving average? Or do the powers-that-be have something else in store? From 1846.5 to the 100-day moving average, … Continue reading

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