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.

Tuesday, August 16, 2011

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

The financials are getting ready for a run UP while the gold is getting ready to DROP. It's still early at this time but could start playing out in a few days (especially the financials because they are closer to a breakout, hence the reason for posting the XLF and not GLD chart). Consider this information absolutely USELESS till they move beyond my point of interest. IT'S ALL ABOUT CONFIRMATION. I'm just trying to draw attention to them so folks can plan ahead.

SPX-DAILY

SPX-30MIN

VIX-30MIN (NOTHING NEW ON THE DAILY)

UKX(FTSE)

FXE(EURO)

UUP(DOLLAR)

USO(CRUDE)

XLF(BANKS/FINANCIALS)