IWM Chart

The USO had a big reversal after a partial gap fill this am.. XLF broke out of a small downtrend from the past week, only to pull back to flat. IWM Had a modest gain today as well...VIX was flat... Something is looming around the corner.. By the way, ABK April 7.5 calls were bid up today...

tb

Awareness test...

Watch this spot and test yourself, really concentrate, you don’t want to get the number wrong!



How'd you do?

tb

WFR Chart

APOL Chart

It's fun to be in solar..

Wow, its fun to be in solar, at least in SOLF (Solar Fun)..Probably more short covering than buying, but what a move this week...

tb

ORCL - turning the tide lower

Tomorrow, we have a projected lower opening in the NASDAQ with the AH report from Oracle.

tb

VIX is approaching support...

I almost took my eye off the VIX, and just focused on the Q's . While I think $48 is a forgone conclusion in the Q's, we could pause/pullback here... The move up to $45 today filled a gap back from a month ago.. and there are a few gaps that were left in this recent bull run which could be filled...



XLF, while it made a nice move recently, could also pause here...Should assume a pullback will follow, unless the recent high is broken..



tb

Q's and XLE a mixed bag...

Its a mixed bag for me... The Q's look really good, I see $48 before a major correction...



However, the XLE is correcting now. We could rally to resistance first, before the major correction, or break support, and head to 65...



tb

What a week...Taking a break...

My bullish opinion in the short term has worked out well..

VIX closed below 30 (bullish)
Indicies bouncing off support (bullish)
USO rolling over (bullish)
XLF's leading(bullish)

I'll be back this weekend for some charts of interest...

tb

Up 400, down 300, net 100.

Lets see, open monday at 35, fall to 25 by tuesday, and back to 30 by wednesday..Talk about volatility! The index itself is volatile!



If you were asleep the past 72 hours, looking at a weekly chart, not much has changed...



Had to exit my put position today...



Still holding my puts in this one...there is a gap at just under 80...But the chart shows it going much lower than 80 over the next several months...

Charts, charts, charts....and a Police tune..

Below are the VIX, IWM, SMH, FannieMae, and others...
What a day...tb













The market's SOS message was received today...

The next few weeks setup....

Good ole Volatility...Breaking out above 30...Can we hit something crazy like 37-40? Thats what the chart suggests..



Notice how the USO has bearish divergence... It will correct, and soon..



When the USO corrects, the market will rally...



Apoligize for not posting lately, just that might daytime job has consumed a ton of my time lately...

I am kicking myself for not taking a shot with the BSC puts..From .50 to 9 this past week! Thats turning every $100 invested into $1800!

tb

VIX - ready for break above 30?

Before and after...BSC is it time to buy?

Only if you are looking for a nice 10-20% move to the upside..







home builders double bottomed and rallied 50% from the lows...
Whose next!? BSC's chart pattern looks just like the home builder's pattern from a few months ago..

tb

The VIX is winding up...

Amazing moves if you caught both sides just right...Big picture still looks like one more shoe will drop..Cmon Shoe!

tb

ABX - dbl top, NWA - dbl bottom

Something is brewing in the NWA march options...Let's see if there is a story behind this one... ABX looks like MON, double top, falling volume and falling MACD..

tb

Agriculture (AG) - MON Chart revisited

Market's don't V bottom, so, take a look at recent bottoms in any index, and that is the target to which you want to buy from.. Also to note, we have rising MACD which is bullish (look at SPY/XLF/QQQQ).

So if we can add falling price to these indicies, accompanied by rising MACD, we have bullish divergence. THAT is what I am waiting for..

The opposite is true for the VIX. We have a rising price, with a modest moving MACD, so, new highs in the VIX, with falling/flat MACD would be bearish divergence. Which would be another buy signal...

Stay nimble...Stay patient...Stay tuned...

tb