$SPY Headed for 8% Upside? Inverted Head & Shoulders

It was a constructive week for the markets as higher lows were formed and some key levels were taken out ($SPY 200 day moving average, $QQQ resistance at 56.00, $XLF resistance at 12.80, $SMH 30.50) The video takes a look at these markets and some possible scenarios for what is ahead including the potential for … Read More

Stock Market Analysis & Trade Ideas for 12/22/11

. SUBSCRIBERS can access the video through the premium tab. At 2:20 PM Eastern on Thursday December 22 (tomorrow), I will be joining Barbara Cohen and Geof Smith for “Traders Talk” which is hosted by DIVERSIFIED TRADING INSTITUTE (DTI) for a live talk/interview on topics such as -What is the setup that you’ll jump into … Read More

Trader Talk

At 2:20 PM Eastern on Thursday December 22 (tomorrow), I will be joining Barbara Cohen and Geof Smith for “Traders Talk” which is hosted by DIVERSIFIED TRADING INSTITUTE (DTI) for a live talk/interview on topics such as -What is the setup that you’ll jump into unhesitatingly…knowing that the odds are stack in your favor? -Did … Read More

Rejected at Resistance

The larger levels we were watching as potential resistance did in fact prove too difficult for the market to overcome.  Yesterday we noted $SPY 123.50-124 $QQQ 56.00 $XLF 12.80 and those numbers were never exceeded, in fact the high print on the $QQQ was 56.00 .  The Nasdaq is the weaker market today as its larger percentage … Read More