Hi Everyone
No upside follow-through from Friday’s Doji bar on the main indices, and no upside follow-through from GS either.
From a trading standpoint that’s fine as none of our breakout …
Hi Everyone
Do not be surprised if we have a short term upward reversal this coming week.
The S&P and Dow both exhibited doji bars on their cash indices and their ETFs on Friday. &nbs…
Hi Everyone
Once in a while the markets give us what most traders fear the most … the dreaded outside bar! An outside bar occurs where today’s high is higher than the previous day’s (or …
Hi Everyone
Just a quick update on yesterday’s OVI readings. The Dow and S&P’s OVIs crossed to the upside (the S&P only just) but curiously the Nasdaq’s OVI turned slightly down.
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Hi Everyone
(Please note the OVI charts are Monday’s as Tuesday’s are still being calculated as I write this note)
Well the Double Bottom held and we’ve seen strong action on the main indices as they …
Hi Everyone
The major indices tried to get going positively today and got pegged back.
Here is the previous day’s OVI chart for the S&P (today’s is still being calculated as I write this not…
Hi Everyone
The markets are still volatile with large daily swings up and down.
The basic patterns remain pretty bearish and the OVI for the S&P and Nasdaq are also negative, while the Dow …
Hi Everyone
Do not be concerned if you cannot find many or any decent patterns like neat flags right now.
The market is telling you something – that it’s temporarily sick, so you’re better to b…
Hi Everyone
Just a quick note to comment on the general market action right now.
Yesterday’s rebound is a natural reaction and I wouldn’t be surprised to see more wild gyrations for a few …
Hi Everyone
I really hope you paid attention to my blogs last week. If you did, you’d be in great shape this week.
Let me emphasise one thing. There is absolutely no surprise t…
