MakisSwingTrader: February 2012

Wednesday, February 29, 2012

SPX GOING TO 1290 FOR NEXT SWING TARGET (BUT 1200 COMING FAST)

AAPL going to 400 fast. The Apple bubble is going to burst.
The market is now ready for a roll over.
VXX ready to rise starting tomorrow = drop for the SPX.

VXX-DAILY

SPX-MONTHLY

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Tuesday, February 28, 2012

SPX

The amazing grind up continues as the lousy price action remains active. Where has volatility gone to? Get ready for a fast drop.

VXX-DAILY

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Monday, February 27, 2012

Strong Pending Home Sales and Dallas Fed Manufacturing Survey data halted any idea by the bears to keep the market down today. Though the market is set for a reversal, strong economic data cannot be ignored by the market (what will be the point?). But any not-so-strong data will be used as a catalyst for a fast reversal (short- or long-term). This week is loaded with important economic reports.
I expect a fast reversal of the SPX to 1270 for the next swing.

(Sorry for the late post. Was not available on time to review the charts.)

SPX-DAILY LINE

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

Saturday, February 25, 2012

AAPL, VXX & SPX WEEKEND REVIEW

As I do more chart review over the weekend, any changes or additions will be made till 9am New York time on Sunday. No changes thereafter.

Note: This is my last post on Apple till the first target is achieved. Enough warning charts have been posted. Now is the time to watch and wait for downside Entry and Target.

AAPL-DAILY

AAPL-30MIN

VXX

SPX-WEEKLY

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY LINE CHART

SPX-DAILY

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

Thursday, February 23, 2012

USO(CRUDE), AAPL, SPX --(AVOID HOLDING LONG POSITIONS GOING INTO THIS WEEKEND).

Charts posted for USO, AAPL and SPX.

USO (CRUDE) - UPDATED CHART

USO(crude)- Posted February 09,2012

US0 - Today's charts:
USO-DAILY

USO-WEEKLY

AAPL

Apple looks toppy and ready to roll over likely starting tomorrow with a big drop.
Look for about 100points off when the time is right.

AAPL-DAILY

AAPL-30MIN

AAPL-5MIN

SPX

Unless we see a push above 1370 tomorrow (in order to regain short-term upside momentum), the bulls are in trouble. My upside target of 1380-1385 is looking less likely as upside momentum seems to have disappeared.
The market looks ready to roll over starting tomorrow. Watch for a big drop tomorrow of about 23points on the SPX to 1340.
The market has me confused at this time.

SPX-DAILY LINE