First of all, when/if we “buy the dip”, the size of position/s need to be smaller than usual. I have no time to post any charts but I’ve odds for bottom and/or rebound 8:2. What [...]
We are at or close to a short term bottom. I would have plenty of charts to show but too tired to put them here now. Instead below a fast illustration on what I expect next, 4h SPX chart. 4H SPX [...]
Nothing new to talk about, XLF, JJC, RUT still lagging behind. And I don’t like the VIX pattern.. My biggest concern at the moment is a “unexpected” rise in volatility and whip [...]
As promised, here some shorter time frame charts. Let’s start with a 60min SPY chart. The pace of this move can not continue forever (~+350% on a yearly basis). Combined with the climax up, [...]
I misjudged the range yesterday, I didn’t expect 1380 to be taken out that fast. The good news, both short and mid term trend is now bullish. The bad news is, well.., that it makes me [...]
I have no clue about today. I also have mixed feelings about the “promises” made yesterday, heard that before. And seriously, what can ECB do to fix the underlying problems? Sure they [...]
SPX had a doji yesterday on the daily chart and no lower low on the intraday chart either and that is good news for them bulls. I could not find anything of importance for the bearish nor [...]
It is far from clear what will happen today. One major piece is AAPL and how the earnings will be read today buy and sell wise. Non the less, I saw short covers yesterday on SPY and thus [...]
Update coming late since I have still no clue about today. Range is small sofar today but the drop on that chart looks ugly. My best guess is that we might see some advancing when US opens and [...]
