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.

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)