Category: Stock Index Trading
The analysis published under this category are as follows.Sunday, September 20, 2009
Stock Market Outlook for 21st September / Stock-Markets / Stock Index Trading
Here is our outlook for the markets going into 9/21.
The thing about writing a weekly article is that the market doesnt always change directions on a weekend.
That being said, lets take a look at our Timing Indicator:
Saturday, September 19, 2009
Stock Market Close to a Cycle Shift? / Stock-Markets / Stock Index Trading
What index is 2.35% away from closing a very important gap that occurred in October of last year?
The answer: The SPY (ETF) with a gap that will be closed when the SPY reaches 109.68.
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Saturday, September 19, 2009
Overbought Stock Market Warning / Stock-Markets / Stock Index Trading
Forwarned is forearmed - The Stock Market is now further climbing up this fall of fear. The Stock Market is taking it’s time to complete a wave C of 4 of some degree we assume for now. In earlier posts we published a time target between mid and end of September 2009. We have reached the minimum target in price and time for some time, and the trend is still in tact.The market is overbought, so be prepared the market can turn at any point in time. A top could already have set in.
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Friday, September 18, 2009
The S&P Stock Market Rally, How Much Higher? / Stock-Markets / Stock Index Trading
The recent rally in the S&P 500 really is looking like the birth of a new bull market. This, after a period during which the market rallied on scattered signs that the recession might be ending, interspersed with corrections lower as other data suggested a false dawn. Now data has begun began to point more firmly towards economic recovery.
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Friday, September 18, 2009
Stock Market Rally, What the Smart and Dumb Money is Doing Now / Stock-Markets / Stock Index Trading
Herding is when many investors make the same choice based on observations of others, independent of their own knowledge. Markets do tend to have phases when one sentiment becomes dominant. These diversity breakdowns are consistent with booms (everyone acts bullish) and busts (everyone acts bearish).
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Thursday, September 17, 2009
Eye on Stock Market Short SPY (SH) / Stock-Markets / Stock Index Trading
Time to take defensive precautions in case the major equity market ETFs initiate a potential potent countertrend move (profit-taking). If the ProShares Single Levered Short SPY (NYSE: SH) hurdles and sustains above key resistance at 55.90-56.00, we should see follow-through strength that takes out 56.25, which will trigger a substantial countertrend advance to 57.30/60 for starters. However, as long as the SH remains below 55.95, the SH bears are in control.
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Thursday, September 17, 2009
Stock Market in Buy Mode / Stock-Markets / Stock Index Trading
We remain in Buy Mode as the market continues higher.Stock Barometer Analysis
The barometer remains in Buy Mode.
Thursday, September 17, 2009
Stock Market Rallies to Fill Bear Market Gap / Stock-Markets / Stock Index Trading
Stunning. How in the world did the market just say "I don't care" to 1060 on the S&P 500? We closed at 1068 and that's barely through, but come on, even getting through it by 1 point is impressive enough. When we had the gap down from 1080 to 1060, it was a huge gap obviously and occurred on massive volume. There's no way we should have been able to just move into the gap again with the top at 1080. If we clear 1080, look out above. It shows you the intensity of just how strong this market is.
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Thursday, September 17, 2009
Stock Market Indices Extremely Overbought as Rally Rolls On / Stock-Markets / Stock Index Trading
The markets were choppy early on, although they did have a positive opening. They then backed off, rallied again, backed off again, but then came on with thrust, spiking up to 1720 on the Nasdaq 100 and 1065 on the S&P 500 before backing and filling and retesting.
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Wednesday, September 16, 2009
Stock Market Bullish Bias Continues / Stock-Markets / Stock Index Trading
Tuesday's market action saw volume increase on the NYSE as all of the major indexes put in new closing highs for 2009. The Dow led the other major indexes and was echoed by the Russell-2000 and the Semiconductor Index (SOX).
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Wednesday, September 16, 2009
Stock Market Hits Gap Resistance / Stock-Markets / Stock Index Trading
We hit the gap today with the S&P 500 hitting a drop over 1056. Just a couple of points below 1060, thus the gap has been hit. The question now is, how far do we pull back and what can we expect once the selling is done?
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Wednesday, September 16, 2009
Stock Market Up, Up and Away / Stock-Markets / Stock Index Trading
Up Up and Away
Feels like nothing can stop this market.
Tuesday, September 15, 2009
Awaiting Buy Signals in Short SPY (SH) / Stock-Markets / Stock Index Trading
If at any point the ProShares Single Levered Short SPY (NYSE: SH) manages to climb above yesterday’s pre-open up-gap high at 57.59, I will get buy signals to be long in anticipation of a powerful countertrend move in the major equity market ETFs. Unless and until that happens, however, the dominant near and intermediate trends will remain down for the SH.
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Tuesday, September 15, 2009
Stock Market Achieves New 2009 Highs / Stock-Markets / Stock Index Trading
Monday's market action saw volume decrease on the NYSE and all of the major indexes opened lower but were able to achieve new closing highs for 2009, even if some of the gains were modest. The Semiconductor Index (SOX) mimicked the major indexes in moving higher while the Semiconductor Holders (SMH) were flat (lost one cent).
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Tuesday, September 15, 2009
Stock Markets Trek to Higher Ground / Stock-Markets / Stock Index Trading
In a shout out to Kasey Kassem – keep your feet on the ground and reach for the sky! The equity markets continue the trek to higher ground last week, as the markets rose for 5 consecutive days before taking a breather on Friday. In what was a quiet week for economic data, the markets by rising most of the week are indicating that the path of least resistance remains higher. The coming week we’ll get to see the impact of “cash for clunkers” as retail sales will be released, along with inflation data and housing starts.
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Tuesday, September 15, 2009
Explosive Upside Potential for Stock Market S&P 500 Index / Stock-Markets / Stock Index Trading
Once again, the market attempts to sell off (perhaps triggered by the imposition of tariffs on Chinese tires by the Obama Admin), but the weakness does not stick. From a medium term perspective, the daily chart of the S&P 500 e-mini contract remains remarkably and potentially explosive on the upside as it fulfills the long standing target zones projected off of the huge base pattern -- at 1100 and then 1200.
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Monday, September 14, 2009
SIJ ProShares Ultra Short Industrials Trading Setup / Stock-Markets / Stock Index Trading
LONG-TERM TREND (> 1YR) OF THE MARKETS: UP
SHORTS LONGS _____________________
None ProShares Ultra Short Industrials (Ticker Symbol: SIJ)
Monday, September 14, 2009
We Are Nibbling On Stock Market Shorts / Stock-Markets / Stock Index Trading
Trade Actions:
Buy GAZ ( Natural Gas ETF ) at 14 or better
Buy SEF ( Short Financials) at 46 or better
Buy MYY ( Short Midcap 400) at 47 or better
Buy DOG ( Short Dow ) at 55 or Better
Buy AGA ( Ultra Short Agriculture) at 43 or better
Monday, September 14, 2009
Stock Index Trading Position 50% Short / Stock-Markets / Stock Index Trading
SPY: Short 50%
QQQQ: Short 50%
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Sunday, September 13, 2009
Stock Market Critical Timing Signal / Stock-Markets / Stock Index Trading
We have a Key Reversal Date coming in this week - which is worth paying attention to.
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