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.

Monday, April 30, 2012

USO(CRUDE), FXE (EURO), UUP (DOLLAR), SPX

Commodities (crude, gold, silver etc) and euro are looking ready for a strong run up in May, while dollar looks ready for a big drop. This means SPX is going to have another leg up this month. It is going to be a controlled/steady rise and drop periods. In other words, volatility is going to fall (unless some crazy news hits the market). So the stomach butterflies and nightmares will go away. Also time to fill up the gas tanks before another big rise in gas price.
This is all just an opinion. Stick with the charts.

USO(CRUDE)-DAILY

FXE(EURO)-DAILY

UUP(DOLLAR)-DAILY

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-10MIN (just for now till the current channel goes away).

Saturday, April 28, 2012

GLD & SPX WEEKEND REVIEW

GLD-DAILY

SPX-WEEKLY

SPX-DAILY LONGER TIMEFRAME

SPX-DAILY V

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Thursday, April 26, 2012

FTSE, DAX, CAC-40, SPX

FTSE

GERMAN DAX

FRENCH CAC 40

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-5MIN

Wednesday, April 25, 2012

FTSE & SPX

Look for the market to reverse lower starting tomorrow. I see the SPX going to 1340 (1343 to be precise) before a bounce higher.

AAPL earnings too strong to take the market lower today.
FOR ONE STOCK TO HAVE SUCH AN IMPACT ON THE MARKET IS SCARY!!! This should not be happening. It should be addressed. This is disaster waiting to happen.
Now investors/traders not only have to worry about what the market (SPX and indices) are doing but also what AAPL is doing. Talk about monopoly.
I don't like trading stocks because too many things (e.g earnings) can go wrong regardless of how excellent the technicals indicators line up). That is why I trade ETFs (SPX preferably). But for AAPL to still have such an impact even with all filters in place defeats the suppose.
AAPL crash = market crash.
AAPL to infinity = market to infinity.
Not good. Should not happen.

FTSE-DAILY

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Tuesday, April 24, 2012

SPX- HUGE SELL-OFF VERY LIKELY TOMORROW.

I believe we will see a huge drop tomorrow that will take the SPX down about 32points to 1340. My long-awaited 1340 could come tomorrow (though it doesn't look likely at the moment).
Just my opinion, so follow the charts.

SPX-DAILY IV

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN

Monday, April 23, 2012

FTSE, DAX, CAC-40, SPX

SPX for tomorrow looks to be a choppy day in a tradeable range of 1359-1368 with bears winning the day. This will be a setup for a big drop on Wednesday.
Note also that we could see a big drop tomorrow if 1358 is taken out.

The global market looks weak at this time.

Pardon the late post. Was trying to figure out the charting software for the European market. Bare with me as I get use to it. I should be okay from this point on though. Had some problem over the weekend with posting the European markets, hence the reason no chart was posted even though it had great shorting opportunities.

FTSE-DAILY

GERMAN DAX-DAILY

FRENCH CAC 40 - DAILY

SPX-DAILY III

SPX-DAILY II

SPX-DAILY I

SPX-30MIN LONGER TIMEFRAME

SPX-30MIN SHORTER TIMEFRAME

SPX-5MIN