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Daily Insight - June 9, 2010 3:30pmMarkets remain weak as the public buys in the morning while watching CNN/CNBC and the pro's sell into the last hour. As expected, both the SPX.X and COMPX were higher this morning but succumbed to sellers in late a...
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Daily Insight - June 8, 2010 3:30pmMarkets are trying to rebound and prices are gingerly up as most momentum stocks are still off by more than two points like AMZN, GOOG, and AAPL at this writing. Noted is that both the SPX.X and COMPX have successf...
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Daily Insight - June 7, 2010 3:30pmMarkets are moving down and our call that the major indices should "test" the May lows before going higher is unfolding correctly. Lower prices are expected."Day Trader" lost $0.66 cents with AXP and scratched MSFT...
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Daily Insight - June 4, 2010 3:30pmMarkets are unfolding according to plan as we were anticipating that the major indices should "test" the May lows before running higher or at least make an attempt. Lower prices are expected. "Day Trader" had no tr...
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Daily Insight - June 3, 2010 3:30pmMarkets are edging higher and as the SPX.X has touched its 200-day moving average resistance, only a decisive push over this line will allow prices to move higher. But more of the same churning is expected into the...
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Daily Insight - June 2, 2010 3:30pmMarkets should be testing the May lows but it doesn't look like it will do with this run. Tuesday's vector has been negated so for now, further sideways movement is expected. "Day Trader" had no trades with FDX, sc...
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Daily Insight - June 1, 2010 3:30pmMarkets are churning around their break-even point and we still do not have a "decisive break either way." Both the SPX.X and COMPX remain around their declining midpoints and how they close could tell the tale. ...
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Daily Insight - May 28, 2010 3:30pmMarkets have staged a "n" reversal but not a perfect one in the sense that current prices are not at the daily lows. So if the major indices close near the daily lows, lower prices are expected for Monday but if the...
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Daily Insight - May 27, 2010 3:30pmTrading is difficult enough but this marketplace is making things even worse. Opening gaps of up 200 or down 300 points just about decimates holding the wrong side overnight but trading the TFTF strategy gives us ba...
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Daily Insight - May 26, 2010 3:30pmAs the VIX.X fell below its midpoints, the "easy trade" ended and a resumption of the downtrend was not unexpected. If prices cannot move higher when this event occurs, then lower prices are expected after the "con...
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Daily Insight - May 25, 2010 3:30pm Regardless of the large volatility demonstrated by today's markets, prices have not headed into positive territory while the VIX.X falls back towards its midpoints. This is seen below and once the VIX.X touches it...
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Daily Insight - May 24, 2010 3:30pmMarkets are not behaving well as they stage limited movement while the VIX trends downwards. In other words, if prices cannot go up and the VIX.X falls back to its midpoints that is currently under 34.00, then the ...
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Daily Insight - May 21, 2010 3:30pmMarkets have returned from the early morning sell-off and for now, are just biding time during this expiration day. We basically need the VIX.X to close below Thursday's close of 45.79 to get a very short-term buy ...
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Daily Insight - May 20, 2010 3:30pmMarkets are at TFTF levels and we have gone long today, (see Swing Trader below). No problems for now as this is where we are comfortable and with conviction that we are currently seeing a short-term bottom. Noted...
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Daily Insight - May 19, 2010 3:30pmMarkets remain on the defensive and are trending lower. SPX.X has reached its 200-day moving average while the COMPX still has a good 50 odd points to fall before reaching that level. So unless the COMPX reaches i...
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Daily Insight - May 18, 2010 3:30pmOur prognosis unfolded correctly in that because stocks closed near the daily highs yesterday, more upside strength was seen this morning in the early going. But with the indices still in a defined downtrend, pric...
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Daily Insight - May 17, 2010 3:30pmMarkets are weak but are staging a "pause" vector in the sense that prices cannot stay up nor down today and is virtually in unchanged mode. More of the same is expected into the bell. "Day Trader" no trades With N...
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Daily Insight - May 14, 2010 3:30pmAs suggested yesterday, if the index breaks Thursday's daily low, "then a bearish lower top would emerge." This morning's drop coupled with government fees and new regulations on credit card companies at the openin...
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Daily Insight - May 13, 2010 3:30pmNot the best day for the Bulls as Wednesday's vector is currently being negated while prices are churning around the midpoints. We are looking for a "decisive" break above today's high because if the index cannot c...
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Daily Insight - May 12, 2010 3:30pmNot a bad day for the Bulls as the major indices are pushing at their midpoints for a second consecutive day and is basically "consolidating at Tuesday's highs." A break of today's high will be good as a sideways-...