Right Side of the Chart

...because anything to the left is history
Feb 282013

We definitely got that “sell the close” institutional selling that I was looking for and then some.  This makes 6 out of the last 7 trading sessions that the key index tracking etf’s (SPY & QQQ) were met with high volume selling into the close.  [continue reading…]

 February 28, 2013 4:44 pm  Equity Market Analysis Tagged with: ,  Comments Off on So far, so good
Feb 282013

The SPY turned down right on cue, reversing off it’s previously posted resistance level to the cent which brought the QQQ down with it, just shy of it’s similar previous reaction high from Monday.  The expected negative divergences were also made official as the MACD [continue reading…]

 February 28, 2013 3:43 pm  Equity Market Analysis, Uncategorized Tagged with:  Comments Off on QQQ & SPY 5 minute chart updates
Feb 282013

Here I am, constantly preaching the virtues of always checking multiple time-frame when formulating your market or individual stock analysis, yet I should have looked at the shorter frames before that last 60 minute scenario update.  As these 5 minute charts of the SPY & [continue reading…]

 February 28, 2013 11:26 am  Equity Market Analysis Tagged with: ,  Comments Off on 5 minute scenarios
Feb 282013

As stated in the recent 60 minute scenarios on the QQQ & SPY, I was expecting a bounce from the aforementioned support levels, which has clearly happened.  I also stated that I was unsure how far those bounces would go (i.e.- the squiggles were not [continue reading…]

 February 28, 2013 10:54 am  Equity Market Analysis Tagged with: ,  Comments Off on 60 minute scenario updates
Feb 282013

The SHW active short trade looks to be offering an objective add-on or new short entry as it re-tests the recently broken bearish rising wedge pattern from below.

 February 28, 2013 10:06 am  Completed Trades - Short Tagged with:  Comments Off on SHW short update
Feb 282013

The FSLR long bounce trade has hit it’s one and only target for a quick 7.9% gain in less than 24 hours.  Although this stock could easily continue higher, I’m sticking to my original trading plan of just taking the quick, oversold bounce off support [continue reading…]

 February 28, 2013 9:48 am  Completed Trades - Long Tagged with:  Comments Off on FSLR long target hit