Category Archives: General Comments

General Comments

August 2nd Market Overview

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Posted in Daily Analysis, General Comments, Swing Trade

Inflation Coming ??

/ES S&P Boy I sure should follow my trade plan. If I had I would still be long the SPY. This just reinforces the need to stay on plan. This move above the previous resistance is pretty strong. It look … Continue reading

Posted in Daily Analysis, General Comments, Position Trades, Swing Trade

No Surprises

ES S&P 500 No real change from last weeks look. I think the Fed and Oil is trying to make moves to save this level. Personally I feel they will fail just not sire how long it will take. I … Continue reading

Posted in General Comments, Swing Trade, Uncategorized

Topping Formation ???

Let’s bring this up to date. ES trading sideways here at a top. tops take longer to form than bottoms. This is twice that it has tested both resistance and support. Look for it to move to support. Might want to … Continue reading

Posted in General Comments, Position Trades, Swing Trade

To Resist is FUTILE

It has been a while since I posted. This chart is a pretty simple read. We are pushing up against the 78.6 Fib extension level. I am long for the last couple of weeks SPY QQQ DIA XLK XLB and … Continue reading

Posted in Daily Analysis, General Comments, Swing Trade

Strong Pull Back

This is getting fun. Watching this 1812.50 area. I am thinking it will hold. If not look for this to trade to 1774.50. Notice how quick price will move to each area on the downside.

Posted in Daily Analysis, General Comments

Pays to be a Bear

The Bears are dancin’. I felt that if we broke the 1812.50 area that we would trade for a while in the 1774-1812.50 area. Market traded down to 1774 for a bit held there for a few days and today … Continue reading

Posted in Daily Analysis, General Comments, Uncategorized | 1 Comment