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Tag Archives: SPY
The power of charts?
In my last blog from 9-3-12 I wrote about UUP testing support on the weekly chart while GLD and SLV printing very bullish candles on Friday 8-31-12. It looks like that was reflecting the high expectations of significant cheap money … Continue reading
Is dollar going down?
Oh no! Not now when I am leaving for my trip to Europe. Look what happened on Friday to SLV and GLD. Both printed last Friday 8-31-12 nice bullish candlesticks after 6 days of consolidation. The volume was high – … Continue reading
Selloff or grinding up – what’s next?
Look at the chart of VIX gives me 50/50 chance of either. When VIX was 10 – 15 market generally stayed positive with some periods of pause and refresh. Check for yourself the chart of SPY: The ETFs that were … Continue reading
And now…what?
It looks like the market has a problem. For quite some time I have been quite uncomfortable with putting larger trades. You may see my past blogs for explanation on how I trade. I wrote on April 10th about H&S … Continue reading
Hard to be contrarian?
Yes, emotionally it comes difficult to most people, including traders to go against the prevailing opinion. I go back to the 2005 or so when I went to visit Arizona with the intent to invest in another property. Real-estate was … Continue reading
What if the market breaks out?
I am taking a week off and writing this blog before the Friday 03-30-2012 close. To prepare for the time away from the market I was cashing out step by step from my active trades. I am going to leave … Continue reading
Next winner: Weekly or Daily
What should guide the trades this week? Some ETFs I track show H&S on weekly charts (EEM, EWC, XME). These H&S started when the market took off in July 2009. See weekly chart of EEM: left shoulder top around $44 … Continue reading
Posted in Traders Corner
Tagged DIA, EEM, EWC, Head & Shoulders, IWM, MACD, MDY, QQQ, SPY, XME
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Don’t forget to make money
If you are long this market and happy watching your position(s) grow with the current market, don’t forget to actually make money from it! Greed is good but it may blind a trader by the hopes of infinite move in … Continue reading
Reverse or breakout?
Market should be interesting this week. This is the last couple days of January. If SPY closes above $128 on January 31st this would be a significant close on the monthly chart above SMA(10). The monthly chart still has some … Continue reading
Waiting for a pullback
Are you? I admit that I do not wait for it. It is always a mixed blessing: it would give me new opportunities for new trades; but my open long positions that are still working to complete the trades would … Continue reading