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US Index Update, Potential Wedge Overthrows

Both the SPY & QQQ have broken above the top of the previously highlighted 15-minute bearish rising wedge patterns with IWM current trading at the top of its 15-minute wedge pattern. All three of these index tracking ETFs remain on short-term buy signals (15-minute MACD & 28/68 ema pair) for now and although these upside [...]

Apr 13, 2015 10:54am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , , |Comments Off on US Index Update, Potential Wedge Overthrows

Shorting Small Caps, Long TWM/TZA

TWM (2x short Russell 2000 Index) & TZA (3x short small caps) will be added as Active Short Trades here at the bottom of this descending triangle pattern on TWM. TWM is my preferred vehicle for the second price target, T2 at 38.42 while the extra leverage on TZA would be most appropriate for those [...]

Apr 8, 2015 2:45pm|Categories: Completed Trades - Short|Tags: , , , |Comments Off on Shorting Small Caps, Long TWM/TZA

Follow-up Comments, IWM/TZA stopped out

I got off to a late start today and once I booted up and noticed the markets were about to gap up I started to put together the charts and my thoughts on the previous post as I wanted to share my thoughts in advance of the two reports issues at 10:00 was only barely [...]

May 3, 2013 10:36am|Categories: Completed Trades - Short, Equity Market Analysis|Tags: , |Comments Off on Follow-up Comments, IWM/TZA stopped out

IWM 60 minute

This chart is the same 120 minute IWM chart that I've been posting with the descending broadening top pattern only zoomed into a 60 minute time frame for clarity.  I measured the retracements on the counter-trend mini-rallies following the two impulsive sell offs that ensued immediately following prices kissing the top of the pattern.  It [...]

May 2, 2013 11:31am|Categories: Equity Market Analysis|Tags: , |Comments Off on IWM 60 minute

Market Update

Not much to update other than the fact that all the major US indices did sell off today, which was (is) pretty much the 11th hour as I had stated one week ago today: By my interpretation, the recent technical breakdowns and/or sell signals in these key stocks and indices are still intact or close [...]

May 2, 2013 12:01am|Categories: Equity Market Analysis|Tags: , |Comments Off on Market Update

IWM 120 minute chart update

This chart was made just before the open today and shows that IWM continues to remain in both a downtrend as well as below the short entry back on March 22nd, despite the $NDX & $SPX having gained 2.5.- 3.5% since then.  Although my expectation of a quick move to my downside target on the [...]

May 1, 2013 9:47am|Categories: Equity Market Analysis|Tags: , |Comments Off on IWM 120 minute chart update

IWM 2 & 4 Hour Charts

Apr 29, 2013 10:50am|Categories: Equity Market Analysis|Tags: , |Comments Off on IWM 2 & 4 Hour Charts
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