Markets are showing short term signs of fatigue but longer term trends remain firmly under control of the buyers. Mixed messages from diffferent timeframes gives us reason to treat the market with a little more caution. The video takes a look at the trends and key levels for $SPY $QQQ $XLF $SMH $IWM
What’s up with this one? Its looking like it is ready to bust another move higher. Daily Chart $QPSA Intraday Chart
A quick look at the $SPY and key levels.
Markets were slightly lower today, but near term support levels are holding up and until they break the buyers remain in control. The video takes a look a trends in $SPY $QQQ $IWM $XLF $SMH. Subscribers link for this evenings webinar can be found in the premium section.
Markets slowed down a little bit early in the week and it looked as if we were due for a correction through time, but buyers quickly regained control and the longer term bullishness continued. The video below takes a look at key levels in $SPY $QQQ $XLF $SMH $IWM
Brian Shannon; I buy and sell mainly mutual funds and a small portion of my portfolio in stocks. I want to start trading options to increase my income due to the fact my job is ending in March of 2012. My account has about $100,000 and I want to generate an income from this to … Read More
The intermediate term trends have turned neutral to slightly lower which gives us reason to be more cautious initiating new longs, but with longer term trends still higher it does not seem like a good idea to get aggressively short. The next few days will reveal whether this is a pullback in an uptrend (I … Read More
The intermediate term uptrend in the $SPY $XLF and $SMH has been broken and now we need to be more cautious until the markets are able to get back and hold above those levels. The $QQQ is still above its key intermediate term level, but it appears that market is due for at least a … Read More
Markets continue to hold above key interemediate term support levels and until they are broken the market remains “innocent until proven guilty” The video below takes a look at key levels and scenarios for trading in the $SPY $QQQ $IWM $XLF and $SMH.
On August 5, Standard and Poor’s made this announcement United States of America Long-Term Rating Lowered To ‘AA+’ Due To Political Risks, Rising Debt Burden; Outlook Negative The market wasn’t surprised by the announcement, it was rumored for at least a week before the actual announcement came. In fact, the real sell off began with … Read More