November 4th, 2009 by jsfalvo | Comments
Per David Elliott :
The market made the expected positive move for the SP-500 and QQQQ, with the DJ-30 closing down just 17 points.
It was mostly a quiet choppy day for the day traders.
I am still very short term, tentative, bullish. As I believe we are in a wave two bounce from the market top we [...]
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 [...]
September 22nd, 2009 by JeffreyLin | Comments
One of the best webinars I’ve ever seen. Regardless whether you’re an investor or trader, in this video Jack Bouroudjian covers the major interacting forces acting on the market such as economic reports, treasuries, and yield curve. In addition, Bouroudjian shows us incredible insight into how the markets are structured, interact with each other, and [...]
June 10th, 2009 by jsfalvo | Comments
Today’s Market Commenatry Wednesday June 10, 2009
I have not been around as a trader for a long time but I am sure 3 DJ-30 closes in a row like we have seen the last 3 days has to be pretty unusual. On the 60min charts we are well above the 60min 50sma on all the indices so [...]
June 3rd, 2009 by bhbgrouptrader | Comments
As I write this early Monday morning, GM, the seventy-seven year old blue-chip company – a symbol of great American innovation and industry of the roaring 20s – is in bankruptcy court filing chapter 11. Its shareholders and bondholders are being wiped out. Yet the market is ripping higher. Rather, to understand the recent rally one has to look no further than the US dollar [...]
June 2nd, 2009 by jsfalvo | Comments
Today’s Market Commentary Tuesday June 2, 2009
There are some interesting divergences here in this market GS has been down 2 days in a row with this rally. The GS divergence can be a early warning of a pullback up here. The DJIA finally got within 5 points the daily 200sma yesterday which is something we [...]
April 27th, 2009 by jmclarty | Comments
…My $0.02, with respect to market timing right now. Despite the 4% move higher, we saw today.
Since there are more people who own stocks, than short stocks, panic tends to only set in when stocks are falling…thus pushing up the price of puts. Due to put-call parity, the VIX soars. Everybody talks about it when it happens, [...]
April 15th, 2009 by jsfalvo | Comments
Today’s Market Commentary Wednesday April 15, 2009
Well I was looking for a down day yesterday and we got it. Looking at my technicals on the DJIA, SP500, and QQQQ I once again have 1 and 2 day sell signals. That would make for 3 down days in row, something we have not seen since this [...]
