November 12th, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday played out about how we expected.
The DJ-30 hitting out upside trendline target of 10340 area.
And the SP-500 and QQQQ making double tops;
With the IWM, Russell 2000, failing the daily 50 Simple moving average, SMA.
This price action today leads me to believe we have put in another topping action that should send [...]
October 26th, 2009 by jsfalvo | Comments
Per David Elliott :
Friday’s market reversed most of the gains from Thursday.
This candlestick pattern with two large red candles with a green day in the middle usually resolves to the down side at market tops.
I call it the ice cream sandwich candle pattern for down moves.
Again it is important for any market sell-off to see [...]
October 22nd, 2009 by jsfalvo | Comments
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
October 22nd, 2009 by jsfalvo | Comments
Per David Elliott :
Our comments of sellers at yesterday’s highs, was again tested today, and found more sellers, enough to give the DJ-30 a market swing of 176 points from a new DJ high to the low.
This market swing created another Key Reversal signal on the Daily, and a Bear Engulfing pattern on the 2 day charts for [...]
October 20th, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday saw little Index dip moves and a market run starting at 10:00AM.
Our SOAP Sell set-up is still valid with a good market drop, that did not happen today.
AAPL hit our dip target then rallied thru the close to a $20 point swing from the low.
AMZN missed out dip target by a [...]
October 20th, 2009 by jsfalvo | Comments
Per David Elliott :
Yesterday saw little Index dip moves and a market run starting at 10:00AM.
Our SOAP Sell set-up is still valid with a good market drop, that did not happen today.
AAPL hit our dip target then rallied thru the close to a $20 point swing from the low.
AMZN missed out dip target by a [...]
October 1st, 2009 by theequilibrium | Comments
Nightly late-night chart review sessions on twitter and Chart.ly. Follow me on twitter@theEquilibrium.
Amazon.com, Inc. (NASDAQ) - long-term weekly- one of my favorite charts- break to all time highs appears very possible
Amazon.com, Inc. (NASDAQ) - 30 minute chart
Amazon.com, Inc. (NASDAQ) - 30 min- barely hanging on to 91 support and recent trend line- gap support at 86
Apple Inc. (NASDAQ) - 30 [...]
July 20th, 2009 by bhbgrouptrader | Comments
Equities Edition
Week of July 20-24, 2009
CAPITAL MARKETS COMMENT
What a week for the equity markets. Global equity indices skyrocketed higher last week, with both the broad market S&P 500 index and the S&P/TSX Composite index gaining more than 6% — the greatest one-week gain in global equity markets since they “bottomed” in early March.
The gains were [...]
May 6th, 2009 by jsfalvo | Comments
Today’s Market Commentary Wednesday May 6, 2009
Not much to opine today about the markets. I once again have daily sell signals across the board for all the major indices. The markets are digesting all the news out on BAC, GM, ADP and the futures markets are causing a gap up this am. Once again I [...]
January 18th, 2009 by bhbgrouptrader | Comments
After trading the markets for 15 years on a daily and often nightly basis you begin to get a feel for what is right and what is wrong out there. If we can think of the market as a religion, and believe me I am not religious except for those few times a month [...]
