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  • Blog

OVI Index

S&P Almost Breaking Out

The S&P is almost there folks … we seem to be in the midst of a consolidation.  Oddly the SPY’s OVI turned south yesterday so let’s see how we fair in the next few days.  Earnings c…

Was Today a Key Reversal Day?

A huge last hour rally saw the markets surge back into positive territory, making gains for the day overall.  The Dow saw a trading range of 420 points, the Nasdaq 108 points, and the S&amp…

What He Probably Meant to Say

No doubt in the last couple of days you’ll have read about Alessio Rastani’s rather insensitive comments made on the BBC.  First, as a student of mine, I’ve personally told him that I deplor…

OVI Still Hitting the Right Notes

The OVI still can’t get into positive territory on the S&P or the Dow.  Both indices are in rising channels, suggesting lower prices to come – this is of course in line with what the OVI…

First AMZN, then AAPL

 
On Friday AMZN broke out in just the way we like it … and yesterday it was AAPL’s turn.  AAPL (Friday) Now see what happened next … AAPL breaks out yesterday and has kept going to…

Amazing AMZN

I’m going to get to the point with you today!  I told you last time that AMZN was looking good, didn’t I?  There is NO excuse!  Here’s what I said last time: AMZN (from my 7th September…

Charts Need to Rebuild

Two HUGE up days in the markets albeit not with massive volume have given some hope on the horizon.  However, we’re still looking at some ugly patterns in the markets right now, and we need t…

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