Category Archives for Updates

What or Who was Behind the Buying in Crude, $CL

With the myriad of players moving in and out of the Crude Oil markets and its affiliate or component products Heating Oil and Unleaded Gasoline, it becomes a definitive benefit to reference a “larger picture” view.  This helps determine the trend and prevents countertrend trading when the markets move into a transition from one level […]

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Happy New Year…Are We There Yet?

The first trading day of 2016 produced an awesome volatile day with many “decoupling’s” taking place.  The finish of one year and the start of the new year often produce numerous “decouplings” as money begins to shift strategy.  China got things going coming into Monday morning with the major equity exchanges shutting down after dropping […]

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Monday November 9, 2015 – Today’s Chart(s) $ES, $CL

I’m sure that many traders woke up with the Monday morning “blues” as most markets traded lower.  Regardless of direction, though, there were many opportunities across the board.  If you trade multiple products, it could have been a difficult day trying to keep up with all the signals.  Today was a clear case for good […]

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NASDAQ – 100 Pushes Above 4400 Are We There Yet? – Part II Thursday’s Chart – $NDX

Thanks to Priceline’s earnings announcement basically being interpreted as “blowing the doors off” the price of the stock jumped by $100, which equates to about 9%. Now that may not seem like much since PCLN was trading at 1122 just prior to the announcement, but in my humble opinion it was further evidence of the […]

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New Highs Arrive – Where is all the Fanfare? Wednesday’s Chart – Updated Elliott Wave Count -Monthly $DJIA

Did I miss something? I don’t remember hearing any shouts of joy or any applause when the S&P moved to new all times. Nor did I hear any shouts or applause when the NASDAQ-100 pushed to new 15 year highs or when the Russell 2000 finally and I mean finally moved up to a new […]

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The San Francisco Bubble Indicator

The broader markets have risen parabolically since reaching their respective lows on October 15th. Basis the futures the DJIA (YM) has climbed 1586 points or 9.2%, the SPX (ES) 206.25 points or 10%, and the NDX (NQ) 489.75 points or 11.5%. The moves themselves were made within 12 trading days with the DJIA and SPX […]

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Apple Earnings Beat Estimates, Buying the Past or Future.

$41 billion worth of apples a quarter keeps the bears away or something like that. Apple reported earnings on Monday and beat estimates by a fair amount. Not surprising iPhone sales were brisk coming in at 39.3 million for the 3rd quarter. Why this came as a major surprise to analysts is the question when […]

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