Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Thursday, June 30, 2011

VIX , SPX-DAILY , SPX-30MIN , FXE(EURO) x2 , UKX (FTSE)

The market looks like it wants to pullback, but that doesn't mean much because it's still holding on to its technical indicators, which means it will keep going up till those indicators give up before we can see a pullback. It looks like it will pullback tomorrow when it gets to 1325. That is just an assumption based on the daily chart. But a move or close above 1325 can lead to further strong move higher.
Intraday action tomorrow will determine my decision.

VIX DAILY

SPX-DAILY

SPX-30MIN

FXE(EURO) DAILY I

FXE (EURO) DAILY II

UKX (FTSE) DAILY

Wednesday, June 29, 2011

VIX , SPX-DAILY , SPX-30MIN , FXE(EURO) , UKX (FTSE)

Look for a flat but volatile day tomorrow (Thursday) which will be a great opportunity for daytrading. I believe the SPX will rise to about 1314 and then drop to 1300-1305 before starting to rise again at the end of the day closing at about 1308 and continue higher on Friday with a strong move up.

VIX-DAILY

SPX-DAILY

SPX-30MIN

FXE(EURO)DAILY

UKX(FTSE)DAILY

Tuesday, June 28, 2011

VIX , SPX-DAILY , SPX-30MIN , UKX (FTSE)-DAILY, FXE(EURO) DAILY x2

Look for a big rise tomorrow if the SPX moves above 1300.

VIX-DAILY

SPX-DAILY

SPX-30MIN

UKX(FTSE)-DAILY

FXE(EURO)-DAILY I

FXE(EURO)-DAILY II

Monday, June 27, 2011

SPX-DAILY , SPX-30MIN , FXE(EURO) DAILY x 2

Look for a rise tomorrow if the SPX moves above 1282. See my SPX-30min chart for both bullish and bearish play setup for tomorrow.

SPX-DAILY

SPX-30MIN

FXE(EURO) DAILY I

FXE(EURO) DAILY II

Saturday, June 25, 2011

FXE (EURO) , SPX (WEEKLY, DAILY & 30MIN x2) , UKX (FTSE --WEEKLY & DAILY)

CHARTS UPDATED AND FTSE ADDED!!!
Look for an up day on Monday and follow-through to the upside on Tuesday depending on the magnitude on Monday's rise. My interest at the moment is only for Monday. Tuesday will be dealt with after Monday's close.
This coming week looks like more of the same choppy sideways action, which will be great for daytrading with possible overnight hold.

FXE(EURO)

SPX-WEEKLY

SPX-DAILY

SPX-30MIN (OPTION 1)

SPX-30MIN (OPTION 2)

UKX(FSTE)-WEEKLY

UKX(FTSE)-DAILY

Thursday, June 23, 2011

SPX (DAILY & 30-MIN) & FXE (EURO) ------ LOOK FOR A BIG RISE TOMORROW.

Look for a big rise tomorrow if SPX moves above 1288.



Wednesday, June 22, 2011

SPX (DAILY , 30-MIN) & FXE (EURO)

Tomorrow's action is not very clear to me at this time. Decisions will be made base on intraday action. I have looked at my charts over and over but haven't been able to spot anything yet. Any new developments will be posted as a comment under this chart set.
(But for now, I see a strong move higher in the days to come if SPX moves above 1299 ---- swingtrade not daytrade info).



Tuesday, June 21, 2011

FXE (EURO) & SPX ( DAILY & 30-MIN)

Look for the SPX to continue higher tomorrow with a move above 1298. But if it fails to get above 1298, then look for a move down to 1288-1290 before the upside resumption.
So at the moment, the setup calls for higher prices (now or soon).



Monday, June 20, 2011

SPX - DAILY & 30-MIN (LOOK FOR A RISE TOMORROW IF IT MOVES ABV 1281)

Look for more rise tomorrow. But keep in mind that if SPX gets to 1286-1288, I will be looking for an intraday setup to SHORT. So it's very likely that if it tomorrow it moves fast to 1288 in the first half of the day, then we could see sideways to down action in the second half that continues into Wednesday.
For now, I expect an UP day tomorrow (if it moves above 1281)and DOWN day on Wednesday.


Thursday, June 16, 2011

SPX & FXE (EURO)------LOOK FOR AN UP DAY TOMORROW.

I'm expecting a good push higher tomorrow. Note that every play at the moment is aggressive till a breakout occurs. I usually don't like making aggressive plays, but at the moment I have no choice. Waiting for conservative entry looks like it's going to take for ever.


Wednesday, June 15, 2011

SPX & FXE (EURO) -----MARKET IS KING.

The mkt is set to move up tomorrow (if it trades above 1269).
The more things change the more they remain the same. You just cannot fight the market. I will just keep dancing to the tune of the market. That means I will keep daytrading even though I like swingtrading better. The past 8 days the mkt has shown that the winners have been the daytraders. Expect that to continue till a breakout occurs.


Tuesday, June 14, 2011