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      May 2016
      M T W T F S S
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      $VIX Holds Support & Appears to be Headed Higher

      The $VIX (Volatility Index) is now moving higher following the recent breakout & backtest of bullish falling wedge while holding the S1 support level like a champ over the last couple of weeks. The positive divergences in place at the recent lows confirmed the bullish nature of the falling wedge pattern & helped to confirm [...]

      Apr 29, 2016 11:57am|Categories: Equity Market Analysis|Tags: , , , , |0 Comments

      A quick look a the leading US stock indices

      The recent price action on QQQ could not be any more bearish: A breakdown & successful backtest of the bearish rising wedge, followed by a break of the 108.46 support level & a perfect backtest before moving impulsively lower. No to mention the confirmation via various trend indicators flipping to bearish. QQQ 60-minute April [...]

      Apr 29, 2016 10:44am|Categories: Equity Market Analysis|Tags: , , , , , , , |0 Comments

      XOP GUSH Trade Setup

      A break below this 60-minute uptrend line will likely trigger a move down to at least the 32.30 level. XOP (SPDR S&P Oil & Gas Explorations & Production ETF) will trigger a short entry on any move below yesterday's low of 35.76. Exact targets & suggested stops to follow asap. My preferred proxy for this [...]

      Apr 29, 2016 10:04am|Categories: Active Trades - Short, Short Setups|Tags: , |4 Comments

      SPY Threatening Key 207 Support Level

      SPY (S&P 500 tracking etf) needs to break below the 207 level (horizontal + channel support) to join the QQQ on its recent breakdown. If so, the 197 area would be my minimum preferred near-term target at this time. 60-minute chart: SPY 60-minute April 28th

      Apr 28, 2016 3:48pm|Categories: Equity Market Analysis|Tags: , |3 Comments

      NM Stopped Out + Market Comments

      The NM Active Long Trade has been stopped out on a move below 1.20 & will now be moved to the Completed Trades category. Also note that after back-filling yesterday's gap, the QQQ have rolled over & are taking the rest of the market down with them so far. I do plan to add some [...]

      QQQ Backtesting Former Support, Now Resistance

      QQQ (Nasdaq 100 Tracking ETF) is making a run to backtest the recently broken 108.50ish former resistance, now support level. My expectation is for a reversal here followed by a move down to at least the 105 area within the next week. 60-minute chart: QQQ 60-minute April 28th

      QQQ & US Equity Market Outlook (video)

      This video takes an in-depth look at the US equity markets with a primary focus on the recent technical developments & outlook for the Nasdaq 100 (via QQQ).

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