Category: Stock Index Trading
The analysis published under this category are as follows.Wednesday, February 09, 2011
S&P Stock Index Key Points to Watch / Stock-Markets / Stock Index Trading
Very sloppy action in the emini S&P 500 (e-SPH) and in the cash S&P 500 (SPX), which is a bit unnerving for me considering my cycle work (posted on Monday evening) as well as my Bollinger Band work BOTH suggest that the indices could be vulnerable to a shakeout on the long side within the current timeframe. A sustained breach of 1313.00 in the e-SPH should coincide with an upside penetration of the ProShares UltraShort S&P 500 (SDS) at 21.60.
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Monday, January 10, 2011
Europe, Spain and China Setting up Short Plays / Stock-Markets / Stock Index Trading
Worry over European sovereign debt puts pressure on global stocks. We talked last week about opportunities developing in specific country ETFs on the upside, but the Portugal sovereign debt news today is putting some pressure on stock prices overseas. Europe ETF IEV broke below support at $38.60 today inviting the short sellers to take advantage of the downside risk.
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Thursday, December 02, 2010
Stock Market Bulls In Directional Control / Stock-Markets / Stock Index Trading
If we choose to view the Nov-Dec pattern in the S&P 500 emini contract (e-SPZ) as a big "W," then the upside projection from the base-like "W" identifies two optimal measured objectives: 1) 1226/29, and 2) 1237/42.
At this juncture, only a decline below 1210 will begin to compromise the upside targets, while a break into the 1206-1200 support plateau will weaken that larger pattern altogether.
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Tuesday, November 23, 2010
Awaiting Confirmation of SDS UltraShort SPY Bottom / Stock-Markets / Stock Index Trading
The e-mini S&P 500 is approaching key support at 1171.00, and the S&P 500 Depository Receipts (SPY) is approaching key support at 118.00-117.60. So why aren't I positioning myself long the UltraShort SPY (SDS)?
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Monday, November 15, 2010
Disciplined Pullbacks for ProShares UltraShort S&P 500 ETF / Stock-Markets / Stock Index Trading
The interesting aspect to the enclosed 15 minute chart of the ProShares UltraShort S&P 500 ETF (NYSE: SDS) is that off of the recent double bottom lows at 25.35/36, the SDS rallies have undergone very "disciplined" pullbacks that have preserved the prior near-term breakout levels. Those levels, which are prior resistance and now support, are at 25.70/80 and then 26.30/20.
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Thursday, November 04, 2010
Stock Market Continues to March Higher After Election / Stock-Markets / Stock Index Trading
With the election over and congress divided, it may be difficult for the president to get much done. None of this will take affect until the near year but traders are asking the big question… Will the government work together as a team or will it be a stalemate?
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Wednesday, October 06, 2010
This Reliable Stock Market S&P 500 Formation Could Make You Money / Stock-Markets / Stock Index Trading
I have just finished a short video on the S&P 500 that I believe is worth watching. In this video I detail out a particular chart formation that has proven to be very reliable in the past. If I'm right, we could see a further move and run in the S&P500 to the upside.
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Sunday, September 12, 2010
Stock Market Waiting for the Fat Lady! / Stock-Markets / Stock Index Trading
ES has been crawling higher, delaying a correction that is inevitable. So we are waiting for the fat lady to sing and announce that W3 is over and a substantial W4 is underway. I warn against being premature with a short, since timing is everything. My charts are always a little funky around contract rollover dates since the continuous symbol does not always chart out the same as the current contract and the underlying index. I am using the December contract for my charts. I think it is the most accurate data.
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Thursday, August 12, 2010
Stock Market S&P 500 Pattern Morphs Into Near-Term Top / Stock-Markets / Stock Index Trading
My 4-hour chart analytics of the emini S&P 500 have morphed from a potentially bullish coil or triangle formation (Aug 5 into Aug 10 post-FOMC close) into a near-term top pattern that has triggered sell signals pointed towards a test of very important support projected into the 1084/80 target zone. That said, judging from the juxtaposition of the sharply declining RSI and MACD indicators with the price structure, I will not be surprised to see 1084-1080 violated on the way to a probe of 1078-1075 thereafter.
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Thursday, August 05, 2010
Pattern Analysis of the SP 500 Index Stock Index Rally / Stock-Markets / Stock Index Trading
Judging by some analysts comments, the bullish heads on CNBC, and fearless Bulls, we have to continue to question whether this is a "corrective" rally up in the markets working off oversold indicators and sentiment in late June.... or.... the start of a major 3rd Elliott wave structure off the 2009 bottoms which takes the markets to new all time highs.Read full article... Read full article...
Thursday, July 22, 2010
MortiES’ Stock Index Analysis, Up or Down? / Stock-Markets / Stock Index Trading
ES likes to take us for wild rides. Yesterday was a strong, outside reversal green candle. Trading wisdom would have it that there should be followthrough the next day. But ES doesn’t care about trading wisdom. Instead, the Bears came to the party and protected the 78.6% retracement level that we talked about in a previous post. As the first chart will show, we are not done with the W4 count yet, but it’s close. We have a line-in-the-sand that is nearby. Let’s see if the Bulls can defend.
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Friday, July 02, 2010
Stock Market Downside Targets for the S&P 500 Index / Stock-Markets / Stock Index Trading
In this short video, we share with you the downside targets that we have independently arrived at for this index. This video is short and to the point, but you will see exactly what we're looking at. The chart pattern and downside counts are similar for all of the equity markets and I believe that this Friday we will see exactly what's going to happen.
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Wednesday, June 30, 2010
Watching 1045 on the Emini S&P Index / Stock-Markets / Stock Index Trading
For no particular reason other than it was overdue (certainly), the Emini S&P 500 (e-SPU) this morning staged a recovery bounce in the aftermath of its 99.25 point plunge off of the June 21 rally high at 1129.50, though has since given back some of its gains.
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Wednesday, June 16, 2010
Stocks Trading - What To Do With A Follow Through Day / Stock-Markets / Stock Index Trading
OH BOY! We got an O’Neil Follow Through Day! That’s just great isn’t it?
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Sunday, June 06, 2010
The SP 500 Stocks Index Poised to Break to New Lows? / Stock-Markets / Stock Index Trading
Back in mid April on Kitco.com I wrote a market forecast calling for a top in the SP 500 index and an ABC correction. Since that time I had one intervening update on both Gold and the SP 500 index, and this is a June 5th follow-up.
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Sunday, June 06, 2010
Time Frame Dominance: Why I Stayed Short on Stocks / Stock-Markets / Stock Index Trading
A reader asked recently, "Why I was staying short with a couple positions when I thought the stock market could bounce and I was discussing a little inverse H&S pattern?" Excellent question.If you’ve been reading my recent TA of the market, then you know I’ve highlighted a potential inverse head and shoulders pattern. You also know I've repeatedly stated, "I had no long side positions AND was holding a couple of short positions from a week ago, and waiting for a better low risk set up to make new trades." The follow up question has to be why?
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Tuesday, June 01, 2010
The Greatest Stock Market Trading Indicator in History / InvestorEducation / Stock Index Trading
I’m about to reveal a true market secret to you.
However, before I do, I’d like to share the below quote with you. I think it summates just how much the world has bought into the notion that the Fed can save the markets.
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Monday, May 31, 2010
Three Goals For This Week / Stock-Markets / Stock Index Trading
WHAT A MONTH! We took 24 trades in the month of May with 21, or 88% of them being profitable. Meanwhile here’s how the indexes performed:
Dow — down 9%
Nasdaq — down 8%
S&P 500 — down 8%
Thursday, May 13, 2010
Stock Index Traders, Caution On The Long Side Is Advised / Stock-Markets / Stock Index Trading
Resistance and overhead supply levels are still in play.
“On The 3rd To 4th Day Watch for a Reversal”
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Tuesday, May 11, 2010
Stock Indices Rally on Huge Up-Gap / Stock-Markets / Stock Index Trading
The indices had a fantastic start to the week with a huge gap up at the opening due to foreign markets being sharply higher and futures very sharply higher. The indices ran a little bit from there, and then backed and filled the rest of the day until the last 40 minutes or so when they came on and closed near the highs for the day going away. A very impressive showing, leaving big gaps behind on the indices.
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