Archive for December, 2011
Nasdaq Futures and Apple doing a back test (26 Aug 2010)
Ok 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)
Usually 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)
The 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
The 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
Although 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.
Indices, Gold, and Dollar Update (12 Aug 2010)
The Market is doing what its suppose to. This pattern can be brutal, especially in the way down. The markets emotions are higher on the way down, so expect for this pattern to be complete in about two weeks or so. As far as Gold and Dollar, they are the only sectors that have a bullish outlook from my perspective. Gold also got Goldman Sacks blessing to go higher. So be ready for the volatility and the drama.
Indices Update (11 August 2010)
A continuation wedge has formed in the past month or so, it can be seen in most of the major Indices and some individual high beta stocks. So, What does this mean? Well, the first thing is, we were on a down move before this pattern formed, so what does a continuation pattern do? just what it name suggest ! Watch this video and see what I look for when these patterns are form.