This is just a quick intraday update to show how a trend line and Divergence works for making a probability guess. Its much harder to do this on an intra day basis by the close anything could happen. I do have strong evidence that the close will be much lower and next week even lower…..
Market Update Using The Indices Futures (09-03-10)
September 3rd, 2010Market Update through the eyes of ETF’s (09-02-10)
September 3rd, 2010On this Update, I do give you the analysis of my bias. Again, my Bearish bias is not a feeling of pessimism or some sort of wish that the markets will crash. I only do analysis of what I see the highest probabilities are. Because of this, I do think that the markets will go south. None the less, I think we will find out very soon one way or another and I will be fine with that. The only analogy I can think is, if you are expecting a baby and you don’t know the sex of the baby once the baby comes out DO YOU HAVE A CHOICE? or you just accept the facts and adapt and make the best of it? On that note, enjoy this update.
Bullish Argument on the S&P and Nasdaq Futures (09-01-10)
September 1st, 2010To be a good technician, you have got to be unbiased. So this update is doing exactly that! I have had a Bearish sentiment about the markets, but I am an analyst first. I have done an analysis of the two main Indices which gives you the Bullish outlook. This is just in case the markets flip, which more often than not they do. In this video I give you the reasons why the markets could be turning around and the possible area of target if they do turn to the upside.
Directional Analysis of Apple (09-01-10)
September 1st, 2010The pattern that the over all market and the pattern that Apple is in, are very similar. The high beta stocks (stocks that have a lot of volatility and volume) tent to move with the market and or before the market does. In this case I am following Apple very closely because I believe it will tell us where the market is going to go before the market starts moving. The bottom line is that the pattern is still intact and we are getting closer to see what the market’s direction will be.
Top/Down Analysis of the S&P Futures (08-31-10)
September 1st, 2010Some times, just like in life, the markets get to crossroads. And just like you wouldn’t know what a person’s path will be until they start walking, I can’t say just yet which way this market is going to go. The beauty of technical analysis is that I will know the soonest the market makes a move, and I will make a video then. Until then, this is a Top/down analysis of the S&P futures since is the last day of the month.
Nasdaq Futures and Apple doing a back test (26 Aug 2010)
August 26th, 2010Ok so the Nasdaq and Apple are both doing a back test, and apple has closed the gap from a couple of days ago. The pattern should be complete, so lets see if the selling volume starts to come in. My bias is that it will and that we will see some major waterfall by the close today.
Apple and the Market in the Same Pattern (25 Aug 2010)
August 26th, 2010Usually what happens when markets breakdown or breakout, is that the high beta stocks will bust the move first. In some cases the stocks will be in similar patterns that the overall market is in. This brings me to this video, where I show Russell 2000 ETF (which is compose of 2000 stocks, compared to the S&P which is only 500) and Apple being in the same pattern. Watch this video and see what I am talking about and watch it all unfold.
Learn the parameters of a Head and Shoulders pattern at this site: http://thepatternsite.com/hst.html
Indices Update (24 August 2010)
August 24th, 2010The Indices continue to break down after every consolidation. We can see in all the Indices that they are setting up for something big, something that will go longer than expected. In this video I show how there is only consolidation areas and then break down and how all the Indices are just following one another. In the shorter term there might be another consolidation in the form of a ABC up before it continues the waterfall. Watch this video and see what I am looking at.
S&P Futures and Gold Stock Update. 19 Aug 2010
August 19th, 2010The waterfall continues on the overall markets. No surprise here since I have had a target of around highs 600 for the S&P’s. In this video I show where the direction changed for the intra day on the S&P futures and what happens to the Gold stocks when they start catching the metal.
Indices, Gold, and Dollar Update 17 Aug, 2010
August 17th, 2010Although this is an up day, the Bears are just trying to grab a hold of more money before they push the market down again. This is just a little pause from the sellers to gather momentum to do another push down. The only sector that has been working and now has the blessing of Goldman is the Gold sector. Combined with the move of the Dollar, which is also taking a little breather before it continues its up move, the Gold and precious metal stocks should have a nice move to the upside for the next few months.