January 2010 Blog Posts (8)

Getting closer to a more sustainable bounce...

Note that the $SPX is now just about at support from the trendline that rescued it back in July...the $NDX is close to, but not yet at, the equivalent place...

Added by Mark Lytle on January 28, 2010 at 12:22pm — 2 Comments

Chart Ahead Of Apple Inc. (AAPL) Earnings Looks Fishy. Did They Have A Blowout Quarter?

The volatility last week was wild with earnings that just did not cut it. However, the real shock came when President Obama, due to a republican win in MA and the super majority gone in the senate, was forced to talk of tightening the noose on bank and the future risk they wish to take. Considering these banks like Goldman Sachs Grp. (NYSE: GS) made half their revenue from trading, a high risk venture, this put a major scare in Wall Street. It also sets up a possible war between Wall Street and… Continue

Added by Bryan Leighton on January 25, 2010 at 2:33pm — No Comments

Weak market, quite a day!

Notice the upper chart of the $SPX. We have already breached the exponential trendline that has been the primary support for the rally from March (the trendline with the black arrow pointing to it). If we now go on to breach the deeper trendline (pointed to by the green arrow), then in my opinion the Bear has probably returned. Further confirmation will be there if we see an 'Elliott' 5 wave pattern in the decline.The light blue arrow shows the only correction that occurred since March that was… Continue

Added by Mark Lytle on January 22, 2010 at 8:00pm — No Comments

Bear Market Rally Theory

I am inclined to believe the theory of Charles Biderman, founder and CEO of TrimTabs Investment Research, regarding the recent strength of stocks (since March '09) which seems to conflict with weak global economic conditions: https://www.youtube.com/watch?v=cQyFxBG6dhY

This is another reason we should support Ron Paul's legislation to audit the fed!

Added by Michael J. Sykes on January 22, 2010 at 9:30am — No Comments

Market Technical Analsys & Setups - Channel Triple Top Holds True. Market Gets Slammed $$$

Added by Bryan Leighton on January 20, 2010 at 2:57pm — No Comments

Another clue...Fibonacci.

Along with my charts of a few days back, I have checked my more conventional Fibonacci spreadsheets and almost missed that the amount of time that the $NDX has spent rallying from the March '09 lows, as of 1/08/10, was exactly .618% of the duration of the crash from Oct '07 to that March low. We are only a few trading days beyond that, so it would still qualify as a Fibonacci turn if the markets broke down here. This is in addition to the exponential nodes we have just seen hit over the last… Continue

Added by Mark Lytle on January 15, 2010 at 11:53am — 2 Comments

Market Technical Analysis & Setups - Market Bounces As Oil Hits Master Target Level. Profits Taken!

InTheMoneyStocks.com breaks out the key technical analysis techniques they have become famous for. They analyze the charts on the market to showcase their technical trend line analysis, price, pattern and time values. By utilizing these methods and not using the common technical tools which almost never work anymore, they are able to call every major and minor market move avoiding Wall Street hype. InTheMoneyStocks.com looks at major support and resistance levels… Continue

Added by Bryan Leighton on January 13, 2010 at 2:49pm — No Comments

Another warning, from the Russell 2000

To the two nodes overlapping on the $NDX at the end of December, we now add another 1.00 exponential node on the Russell 2000. So we now have a cluster of nodes on two indexes over a fairly tight time frame relative to the long time periods that spawned them. This is again suggesting trend change is in the cards in the not to distant future.…