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 [...]

Per David Elliott :
Yesterday saw most, if not all, our upside targets hit for the Index markets as well as for our stock targets.
The SP-500 and the QQQQ, both retested their 50 SMA and failed.
We call that price pattern an IHF, “Ice Hole Failure”. Typically that pattern resolves itself into taking out the most recent [...]

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 [...]

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 [...]

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 [...]

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 [...]

 
SYMBOL
COMPANY
EVENT TITLE
EPS ESTIMATE
EPS ACTUAL
PREV. YEAR ACTUAL
Date/Time (ET)

ABT  
Abbott
Q3 2009 Abbott Earnings Release
$ 0.90 
n/a 
$ 0.79 
14-Oct BMO

ACGY  
Acergy S.A.
Q3 2009 Acergy S.A. Earnings Release
n/a 
n/a 
$ 0.58 
14-Oct

 
817000.T  
ADERANS CO LTD
Q2 2010 ADERANS CO LTD Earnings Release
n/a 
n/a 
n/a 
14-Oct AMC

 
ADTN  
ADTRAN, Inc.
Q3 2009 ADTRAN, Inc. Earnings Release
$ 0.32 
n/a 
$ 0.35 
14-Oct BMO

 
AIP.L  
AIR PARTNER
Preliminary 2009 AIR PARTNER Earnings Release
n/a 
n/a 
n/a 
14-Oct BMO

 
SALAM.BH  
AL SALAM BANK [...]

Nightly late-night chart review sessions on twitter and Chart.ly.  Follow me on twitter@theEquilibrium.
Wells Fargo & Company (NYSE)‎ – daily: weak bull flag break- still in 22-26 range- wait for confirmed break to reveal next big move
JPMorgan Chase & Co. (NYSE) – daily: bull flag breakout move now up against resistance on decreasing volume-watch move above 39.50

With the XLF closing 13% below its recent high of 13.08, I wanted to revisit a chart I previously posted, and then take a closer look at the three top holdings of this financial ETF.  Together, JPM, WFC, and GS, account for more than 27.5% of the entire XLF (JPM=13.16%, WFC=7.95%, and GS=6.45%) and looking [...]

The following article was written by @maxzeledon a fellow trader on Twitter. Our initial connection was our  shared interest in the dealings and history of Latin America, and he has started a wonderful blog here www.fondolibre.com. Here is his entry for March 11, 2009 which he was gracious enough to share with us. We hope [...]