I wanted bring up the TLT chart quickly again just to make a quick point. I mentioned before about how the TLT ETF moved into the power zone above the 70 level last week and that this could correlate with a very hard down move in the stock market. Anytime any stock or index gets … Read more
I got a weekly confirmed sell on the sp500 to end last week. The weekly candle on the sp500 looks quite bearish going into this week. I suspect we will bounce higher early in the week for a typical mutual fund Monday but then end the week very hard down. The most recent two weekly … Read more
The sp500 needs a close below 1070.66 to confirm a MACD histogram sell signal. We are under that level right now and show confirmation, so the bears need to keep the market ‘down enough’ by end of day to get the job done. Will they get the job done today? I think they have a … Read more
The extremely negative astro aspects in the first part of August did not seem to work too well. However according to Larry Pesavento there was a big one on August 11, 2010 which did show a big drop in the market and there is another one on August 26, 2010. From my understanding the August … Read more
The iShares Barclays 20+ Yr Treas.Bond TLT ETF has just entered the power RSI zone above the 70 level. The last time this occurred with decisiveness the market plunged into the May 6 2010 so called flash crash. We are into the power zone again now and the TLT is blasting higher into what looks … Read more
The stock market right now is not looking constructive. It appears now that an aggressive move back to the top of the swing trading range of the last few months is not going to happen. In fact it looks like we are about to break the bottom of this very long and significant swing trading … Read more
I just pulled up two weekly charts one on top of the other. Apple Inc. and the Powershares QQQ Trust. If I look at these two weekly charts with a simple up trend line without looking at any indicators at all it appears to me that both of them look toppy. It looks like Apple … Read more
The Semiconductor HOLDRs SMH ETF today confirmed an MACD Histogram buy signal. In previous posts I have been looking for yet another move in the broad market higher as a bounce from the bottom of the recent swing trading range. The other indices have as of yet not confirmed an MACD Histogram buy signal but … Read more
The market decided to curl back up into the swing trading range as predicted yesterday. Volume was lousy today on the upside. Still, price closed higher and managed to hold most of the gains. There is a bullish triple P setup right now on the MACD histogram versus the SPY ETF. It is still an … Read more
The SPDR Gold Trust (ETF) closed today above its previous major spike peak high of the 12/2/2009 and 12/3/2009 period. This is significant. Volume was seriously lacking the GLD ETF today however, but still we must give it credit for a solid close near the top of the range. The GLD ETF has now positioned … Read more