MakisSwingTrader: August 2011

Saturday, August 27, 2011

SPX, VIX, UKX(FTSE), FXE(EURO), UUP (DOLLAR), XLF(BANKS), TLT (BOND) --- WEEKEND EDITION.

Friday's action is very typical of market action after FOMC Minutes or Bernanke's speech whereby the initial reaction to the news is often a fakeout (due to emotional/daytraders) and the real move comes after the news is digested. This implies that there is more upside coming.

SPX-WEEKLY

SPX-DAILY

SPX-30MIN

VIX-WEEKLY

VIX-DAILY

VIX-30MIN

UKX(FTSE)-WEEKLY

UKX(FTSE)-DAILY

FXE(EURO)-WEEKLY

FXE(EURO)-DAILY

UUP(DOLLAR)-WEEKLY

UUP(DOLLAR)-DAILY

XLF(BANKS)

TLT(BOND)

Thursday, August 25, 2011

SPX, VIX, FXE (EURO), UUP (DOLLAR)

SPX-DAILY

SPX-30MIN

VIX-30MIN

FXE(EURO)

UUP(DOLLAR)

Wednesday, August 24, 2011

SPX, VIX, UKX(FTSE), FXE (EURO), UUP (DOLLAR), USO(CRUDE), GLD (GOLD), XLF (BANKS), TLT (BOND)

Have the gold (GLD) and bond (TLT) bubbles burst and is the financial (XLF) ready for a strong run up?!?!?! It sure looks like it but time will tell.

SPX-DAILY

SPX-30MIN

VIX-DAILY

VIX-30MIN

UKX(FTSE)

FXE(EURO)

UUP(DOLLAR)

USO(CRUDE)

GLD(GOLD)

XLF(BANKS)

TLT(20YR BOND)

Tuesday, August 23, 2011

SPX, VIX, UKX(FTSE), FXE (EURO), UUP (DOLLAR), USO(CRUDE)

Though I expect more upside the days ahead, I will not hold my breath waiting to see it happen because premarket news or action from Europe can clean up all of today's gain regardless of the bullish setup currently in place on the charts. So any bullish run is at the mercy of NO NEWS (or GOOD NEWS). Things could turn back sharply lower tomorrow if the market remembers overnight that there is Debt Crisis in Europe as has been the case recently with the massive premarket actions.

SPX-DAILY