Market analysis

[foreverstudent]

Very detailed look at the broad markets.

Several reasons to wait for the breakout before going long or short. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Slight crack in upward momentum.

Slight crack in upward momentum. Looking for high base or higher swing low next week. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Pushing high base

Greater than gap fill. Pushing high base. With supporting market internals. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Fantastic trading day

Fantastic trading day. Following all rules of support/resistence. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Good news Forum

Good news. See how the market can digest the news in the context of a multibar upswing. Free Trading Videos vLOG >> Home

 

[foreverstudent]

What is the probability that we can go higher?

Fantastic run up today. Are the markets ready to rest? Free Trading Videos vLOG >> Home

 

[foreverstudent]

Relentless up swing.

Relentless up swing. Looking for signs of weakness. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Wonderful TA day

Following all the rules. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Market internal day. Watch closely

Watch the market internals today closely for signs of weakness. TRIN, TRINQ and VIX Free Trading Videos vLOG >> Home

 

[foreverstudent]

Consolidation

Consolidation with VIX not showing any commitment in direction. Free Trading Videos vLOG >> Home

 

[foreverstudent]

Premarket gap fill

Gap down and fill pre market. Chewing away at resistence. Free Trading Videos vLOG >> Home

 

[Hercules88]

Good site! I just came from their message boards to see what was going on here at T2W

 

[Hercules88]

Good evening traders! I figured this would be a good place to post about today's market action. BIG pop on the VIX today -- a 9% spike with only a corresponding 1% drop in the market today. TRIN and TICK were pretty bearish all day.
FTV's nightly video explains it ... http://www.freetradingvideos.com/vlog/default.asp?category=1

 

[Hercules88]

I am thinking we will be a little bullish tomorrow. Bullish candlestick formation (http://www.freetradingvideos.com/vlog/default.asp?category=1), but more importantly for me, the vix has been in too narrow of a range today. expecting some volatility tomorrow into OP X day.

 

[Hercules88]

Thanksgiving Week

-This market has been dominated by the dollar's actions. This will be the key to the SPY's price action.
-We are looking at Thanksgiving week next week (markets closed Thursday, close at 1pm EST on Friday) -- holiday weeks usually tend to be low in volume (although today was pretty low too). If markets are low in volume, they have been tending to favor the bulls.
-Historically, with two consecutive unfilled gaps and the recent bearishness, we are looking at an up day for Monday.


For a more technical outlook, I'm including this video ...
http://www.freetradingvideos.com/vlog/default.asp?category=1


Highlights of the video:
-We have a higher swing high and higher swing low on the daily chart of the SPY ... but the trend is flattening.
-Weekly shows a rising wedge formation (bearish)
-MACD weekly showing some flattening
-Sector strength show financials and tech weak (especially after Dell's performance Friday)


Opinions? Thoughts?

 

[Hercules88]

Yesterday was one of the lowest volume trading days of the year, and I thought it was confirming our recent up move. But the news out of Dubai today could bring much-needed strength to the dollar, just in time for it to matter for technicals.

Historical probabilities pointed to an up day tomorrow, but I think we might be gapping down. Here's why I see the trend weakening ...

 

[Hercules88]

Re: 1st of December, Last of 2009

What are we looking at for the rest of the year? Will the dollar's
weakness end up being a problem before the year is out?

Just last week we were looking at a tweezer reversal pattern. We are
still at some pretty strong resistance, with the weekly charts showing 1112
on the $SPX as an area we will have trouble getting through. Still have a little room to move up for this week, and this is the third test of the area so there is a greater chance of a break through or a stronger failure.

I haven't been trying/thinking about swing trading, just trying to capture some of the smaller intra day movements.