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Daily Insight - Oct 30, 2009 12:20pmMajor markets are negating Thursday's up vector and more losses are in store especially if prices break below the lower consolidation line."Day Trader" has no trades with AXP, will now cancel this order as markets conti...
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Daily Insight - Oct 29, 2009 11:30amMajor markets are currently staging a reflex rally but is lacking momentum as a lot of techs are just tentatively higher. So unless the indices push even higher in the afternoon, sellers will take control at the bell. "...
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Daily Insight - Oct 28, 2009 3:30pmMajor markets are all lower but still need a bit more losses to reach their lower consolidation boundary. As such, lower prices are expected. "Day Trader" lost $0.40 cents with EBAY and had no trades with RIMM. He wi...
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Daily Insight - Oct 27, 2009 3:30pmAs we all know, an inability of markets to reverse a long vector has its consequences. The major indices are all down and excluding the Dow Jones as components IBM, MRK, and AXP are higher, today's "consolidation at th...
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Daily Insight - Oct 26, 2009 3:30pmMarket's spectacular reversal in the 11:15am time frame shows us that the Bull is "long in the tooth." Anytime markets can erase 100 up points. go down 100 points, and stay there for the rest of the day does not auger we...
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Daily Insight - Oct 23, 2009 3:30pmMarkets staged another one-two-punch but in the opposite direction of Thursday in that after an initial MSFT induced pop, it stumbled throughout the trading day. So with yesterday's "support and bounce" vector being ne...
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Daily Insight - Oct 22, 2009 3:30pmMarkets staged a one-two-punch as it went down in the morning and then bounced back up in afternoon trading. Both the SPX.X and COMPX are now back over their midpoints and further gains into the close should solidify t...
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Daily Insight - Oct 21, 2009 3:30pmMarkets remain "consolidating at the highs" and as they are above their rising midpoints, the uptrend continues. Further weakness may develop if and only if prices close beneath these midpoints. "Day Trader" had no tra...
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Daily Insight - Oct 20, 2009 3:30pmMarkets staged a "pop and drop" off AAPL and TXN's earnings and have now settled back into their recent consolidations. And because yesterday's vector was negated today, a close here around the Dow minus 75 points coul...
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Daily Insight - Oct 19, 2009 3:30pmMarkets have been "consolidating at the highs" for the past several days and if it closes around here, (with the Dow over 104 points), it will be in position to resume the uptrend and make new 52-week highs. Very simpl...
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Daily Insight - Oct 16, 2009 3:30pmToday's decline allows the indices to "consolidate at the highs" and as prices remain above midpoints and breakout trendlines, higher prices are still expected for next week."Day Trader" had no trades with V [Visa] or AX...
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Daily Insight - Oct 15, 2009 3:30pmAs markets have not negated Wednesday's breakout vectors, today's "consolidation at the highs" should be resolved to the upside. The catalyst should be some decent earning reports from IBM, GOOG, and/or AMD, all slated...
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Daily Insight - Oct 14, 2009 3:30pmMarkets have all staged Day-1 upside spikes and higher prices are expected. No "ifs and buts" as the indices post new 52-week highs."Day Trader" had no trades with EXPE nor CSCO as they both opened above Tuesday's high...
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Daily Insight - Oct 13, 2009 3:30pmMarkets are trending in a sideways-to-down motion and for now, patience is warranted for further chart development. The bias remains bullish is they retain their readiness for a Day-1 upside spike. "Day Trader" had n...
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Daily Insight - Oct 12, 2009 3:30pmMarkets have erased their intraday gains and we shall see after the bell whether it is staging a double top and/or a retention of its current consolidation pattern. "Day Trader" had no trades with AMZN and scratched bo...
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Daily Insight - Oct 9, 2009 3:30pmMarkets remain at the upper boundary of their current consolidation and should be posting a new 52-week high next week. Pivotal earning releases include ALTR and INTC next Tuesday as well as IBM, GOOG, AMD, and PMCS on ...
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Daily Insight - Oct 8, 2009 3:30pmMarkets are at the upper boundary of their current consolidation and a decisive break to new 52-week highs is imminent as the last time prices were at this level was exactly one year ago. So for now, we will allow marke...
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Daily Insight - Oct 7, 2009 3:30pmSince the markets did not negate Tuesday's rise and the fact that today is a "pause" day with limited movement, a "consolidation at the highs" has formed. As such, a break of Tuesday's high on Thursday will negate the r...
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Daily Insight - Oct 6, 2009 3:30pmThe market's "reflex rally" has turned into a romp in the park by the Bulls and prices are at or over their respective midpoints. So with this buying spree at hand, our downtrend has now morphed into a "sideways consoli...
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Daily Insight - Oct 5, 2009 3:30pmMarkets are staging a "reflex rally" but as prices haven't touch their respective downward pointing midpoints, the downtrend is still in force. So even as the indices have seemingly "supported and bounced" off their 50-...