VIX Chart...

tb

Volatility...

tb

Ok, now what?

There is very little on the calendar this week, as far as economic news.
However, there is a USD Jackson Hole Economic Policy Symposium, scheduled for Friday, August 26. That should move the market direction over the next few weeks... If the results of that meeting are positive, expect a big rally, to former support lines... If the results are uneventful or negative, expect further selloff (until the good economic news is eventually announced).

If I had a crystal ball, it would say:

sell off continued monday-wednesday, followed by end of day rally on wednesday, and continuation rally on thursday.

friday news leak, market selloff (news is not good).

Following week: monday is flat, and on tuesday, market rallies, as terms are agreed to from summit, the market rallies 10%-20% over next days/weeks.

Once we reach old support (now resistance lines), we sell longs, go short for the final selloff...

tb

PS- there are 3 things I am certain of. Death, Taxes, and Market Volatility.

TWM...

If you missed the entry I [posted ] a few weeks ago, there is another good entry here...sell at 90ish, 40 pts from now...

tb

SPY Chart..

I was expecting a bounce higher to the upper horizonal line, but I am not sure we will get it now... last weeks bounce, may have been all she had left.. since the market is stalling, I am more cautious..

tb

200 weekly moving avg...

Ah, the 200 weekly moving avg... no blog, that I am aware of, talks about this moving average as much as I do...everyone spends their time on daily and hourly charts... anyway, glad to see the 200 wma do its job..

So, I stumbled across a stock this weekend, that I think can move up big from here, and in a hurry..I like it so much, I am going to buy it this week in my 401k, perhaps as early as monday morning. Hopefully a lower open will make it easier for me to get in at a better price... the chart shows the first of a double bottom is being put in place right here. This is after 3 years of down trends...it's a low risk entry, for 20% upside in 2-3 weeks.

If your are interested, let me know and I will send you the chart...

tb

Do Charts Lie?

ok, so looking at the 3 month chart (select chart to zoom in), you will see the long tail on 8/9, down to the $8 price for FAS. I think this was good news, as I have a buy order at $9.

However...

when I check the 5 day chart, it shows that price has not fallen below $12...

Ok, maybe its the charting software, or timeframe, so I ran it for 3 year chart, and on different charting software... same result... weekly chart showing a long tail to the $8 area..

so, what does this mean? well, it "shows" that it hit below $9, but since my order is still open, AND the daily chart shows no where near $9, the only conclusion I can draw, is some charts lie... at least FAS did...hmm..

tb

Buy the Dip...

[short term trade]
Based on the chart above, it looks like we should be buying the dips here..
..and sell when it reaches previous support..

OR
[long term trade]
sell/short the rallies near horizontal line...
..cover when the market finally hits bottom..

tb

Market Madness...

anyone notice the percentage drop on the S&P today?

tb

SPX Chart...

tb

Bounce play - X

If you are looking for an oversold bounce play, give X a try.

tb

SPX Chart

tb

GOOG - 1 day wonder part 2

3.5 years later....

See part 1

amazing...

tb

TWM Chart...

Ultra short ETF...

tb

AA Chart

The support/resistance lines when broken, reveal AA's next move..

tb

Bounce about done...

tb

Bouce?

um, so much for the bounce? We have not violated support (yet)...

Bounce time...

looks like the first leg down is complete. Expect a bounce here...

tb

SDS Chart...Ultra short ETF...

Hello, Thanks for your inquiry about my next post..

My thoughts are still the same about the market... bearish...

price rising with MACD falling, is bearish divergence..
OR, rising MACD with falling price is bullish divergence, which is what we have in the SDS chart...SDS looks really good right about here...

I would wait for $21 to break the downtrend to the upside, before getting in...
OR
...I would wait for a final crazy selloff in SDS, to ~$15.

tb

QID Chart...

Easy trade.... get in here, stop @ 50...

tb

Rising wedge preceeds falling knife...

Rising wedge pattern...
Double top....
Falling MACD, crossing 0 line..
Sell in May, and go away...

tb

Volatility Chart...

Buy the dip in the VXX, or sell the rallies in the S&P.

tb

One day @ a time...

I try to take just one day at a time, but lately, several days have attacked me, all at once! (lol)

I am feeling the wrath of M&A.... Our company merged with another company, and now we acquired a company. Needless to say, my time available maintaining this blog is limited.

I think the Q's can take 10% off over the next few month.

If you are in PCLN, consider getting out, the MACD crossed below 0, and the price has not fallen 1 penny (yet). Remember, the FILO principal, first in, last out.

Review PCLN chart here.

I still like AMZN back to 150's, see my post back in 12/2010.

I see GOOG falling more, $625 was the big R, see my recent post, 10/2010.

tb

I have a dream...

to be on the right side of the market more times than I am not...

and to, um, well, ah, let's just stop here...

tb

Anyone, on any given day...Inspirational story...

tb