Green Light

I've noticed people selling off stock last week.  More then normal.  The market can still go up so heads up for a possible sell off in the next few weeks.

Green Light

We had a gap up with a sell off all day.  Lot of people took profits today looking for the gap to fill.  Everthing is over bought but that does not mean that market can not go up.  Still Long and not as strong.


.http://screencast.com/t/i3U9OrCx

Green Light

Still looking strong on the weekly.  Ergo just turned green and moving up.  Sto is at its highs so warning sign for a small retracement. OBV is still in an up trend.

Did get some bad news from China and Europe today.  If we go down 3 bars lower on the daily, look for a Fib half back short and get some Puts in the SPY, SPX, QQQ, Dow and other markets.  Place stop just above the 61.8.

Green Light

Up we go!  Looks like the target is 211.15.  Got some more SPY call options today.

Green Light

Consolidation for now.  The OBV is still moving up and the Stochastic is in pull back mode. I believe markets will move higher.  If we get a new high, up we go.  If we move lower look for a half back short on a Fib. 

Green Light

We had a weaker market with a lot of gap fills below on the SPY. Just keep an eye open for  a half back short with your fibs.  That maybe a nice short at that time.

Green Light

Getting a little hesitation from the market.  We had bad news from China.  This may be a minor pull back.  We have an engulfing bar on the ES.  If it pulls back look for a half back short with a Fib to confirm a lower move.  If the Fib breaks the 61.8 then we will go higher.  If Fib does not break and goes lower I will buy PUT options on the SPY and the SPX. and exit my CALL options.

Green Light

Higher highs today.  This move is weak but still going up.  Buy quality stock only.  History shows after the mid-term election the market goes up for the next 9 months 100% of the time, for the last 30 years.

Yellow Light

If we get a higher high the Doji has broken and you can start buying stock again.  But only strong stocks.  Not much volume in this move up.