TBT Chart...

There is another blog which posted a chart of TBT.. And the blogger thinks the TBT chart is bearish... I was expecting to see the same thing, but after reviewing, the weekly chart gives a different perspective..

Let's see..

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DOW Chart...

• The last 3% of a move in the market usually moves the fastest
• Stocks at 52 week highs will move higher near end of Qtr, due to window dressing
• We have been range bound from 9800 to 11k
• The 200 weekly MA acts as resistance, we are approaching that MA here
• Historical bearish October month nearing

Bullish case:
Window dressing, easiest time to trade, find 52 weeks high stocks and buy them for quick profits. End of market move moves the fastest, so as we continue higher, just adds to confirmation of move.

Bearish case:
We are approaching top end of range, and end of september, which means, the worst month for bulls is right around the corner. Until the market tells you otherwise, assume selloff from 11k.

Conspiracy Theorist case:
We don't sell off in October, but do pullback 2% quickly, to get traders to jump on the bearish bandwagon, and then proceed higher to 12k, before we selloff sometime near the end of October.

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MSFT Chart..

Here is a pattern developing.. stop at $23.50...

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Bullish pattern developed with ORCL...

ORCL developed the same pattern as BLK, mentioned weeks ago..

let me know if you see other stocks that have a similar pattern..

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SPY @ Resistance

I had a nice week, with picks of JOYG and BLK.. in fact, anyone who was long the market did well this past week. But, as mentioned, the market is at resistance here. Great time to tighten stops, take profits, start hedges, go short, etc. SPY above 114, and the market breaks the down trend line, and heads higher.

tb

JOYG Chart...

this chart is a coiled spring...

the stock is going to pick a direction, and move fast, soon...

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