I’m speechless, open end quantitive easing at a pace of 40b / month (85b until year end). How about that, huh..? FED is buying loans.. what BS is that? What money do they have to buy loans [...]
So, prices broke up as expected eventually. This was however news related (as I wrote earlier, this market needs a catalyst to get going). Bulls used much steam to get higher yesterday so expect [...]
First of all, sorry for no weekend update! Let’s go straight to the charts, below daily SPX. The price pattern/action doesn’t look bearish to me (yet). Normally that should break to [...]
I will not be able to follow the markets later on but here is how I intend to exit yesterday position. S/W @ yellow area, exit 1h before close (if not triggered by S/W). If open below yellow [...]
The short term SPX trend is now down (mid term and long term is still up). I didn’t see yesterday sell off @ close coming, might have to close that buy with a loss today. Not a single clue [...]
So, will there finally be some action today? I hope so because I’m on the edge of getting bored by this market… I’m probably as boring as the market since I still have the same [...]
It is still ~30min to go on this trading session but VIX & SPX signals a heads up if both close at these levels. I would not keep long ST trading positions over night! Better update coming [...]
Nobody is interested in selling nor buying at these prices. Also not much to write about. Levels are on the SPX 4h chart, 1420 is still resistance but a touch of this level would be bullish [...]
I will not post an update today EOD but here some quick thoughts. The bearish 15min seen yesterday had no follow through today. It was a nice setup though, almost too bad it didn’t play out [...]
