BullBear Trading: Stock and Financial Market Technical Analysis

October 2009 Blog Posts (41)

Market Technical Analysis & Setups - Market Drops Hard After InTheMoneyStocks Master Level Hit!



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 on the… Continue

Added by Bryan Leighton on October 16, 2009 at 2:35pm — No Comments

Market Technical Analysis & Setups - Market Flat After Goldman Earnings Just Don't Cut It.



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 on the… Continue

Added by Bryan Leighton on October 15, 2009 at 1:51pm — No Comments

Shorter term Exponential trendlines - $SPX - updated

You might remember this chart from last week. Well, it broke through the trendline it was banging against, and ran up to this new one. Let's see what happens here.



Added by Mark Lytle on October 15, 2009 at 10:32am — No Comments

What Are The New Highs For Gold Telling Us?

Gold since the beginning of recorded time has been viewed as the one true currency. Ancient civilizations such as the Egyptians, Persians, Babylonians, Greeks, and Romans all had gold as the one true currency in their monetary systems. While fiat money systems have come and gone gold has stood the test of time. Even Christopher Columbus was seeking to trade for gold when he founded the new world. Why was gold so heavily sought after? What is so special about this metal that men are willing to… Continue

Added by Bryan Leighton on October 12, 2009 at 4:51pm — No Comments

VIX FILLED A MAJOR GAP. THIS IS WHY YOU WANT GAPS IN YOUR CHART

The VIX(volatility index) filled a major gap today. When gaps get filled that have not been filled previously from long periods of time they become great support and resistance levels. In this case with the VIX chart it was support. Therefore, it is important to have gaps on your charts in order to take advantage of them.

Added by Bryan Leighton on October 12, 2009 at 2:55pm — No Comments

Look Out Above?

Today's action in the US Dollar was very interesting. It appears to have made a short term double bottom and a trend break is not far away. Bearish sentiment has reached an extreme with the market trading off of rumors and articles. Yet the USD Index is nowhere near its all time lows and has been selling off in a very gradual, nearly sideways pattern.…



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Added by Steven Vincent on October 9, 2009 at 8:14pm — 9 Comments

A few charts, current as of today...









On the third chart down, referencing the chart of the QQQQ's, notice the Ultimate Oscillator and Chaikin's Money Flow plots. The latter looks like it could break down here, we'll see what happens Monday....a lot of neg. divergence as we hit the… Continue

Added by Mark Lytle on October 9, 2009 at 7:20pm — No Comments

Breakout

After a shallow and brief pullback the markets have broken out again.…



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Added by Steven Vincent on October 7, 2009 at 8:00pm — No Comments

Markets Await Key Data After Master Level Bounce Starting Last Friday...We Are Going Here...

The markets are trading in a very tight range today after last Fridays gap down to the master level of $102 on the SPY. This signaled a completion of the second down move of the markets and a bounce was coming. The first move down took us to $104.00 on the SPY, another master level. Off of that level, the markets bounced 3 points to $107. Off the current master level hit from last Friday, the markets have bounced a total of 4 points to a high just over $106. These technical calculations take… Continue

Added by Bryan Leighton on October 7, 2009 at 3:29pm — No Comments

$SPX shorter term Exponential trendlines



This chart is one of the sources for my call yesterday that the market might falter here...You can see which trendline has held so far, it's highlighted. These trendlines are generated from the start and end points of the October 2007 through March 2009 decline...this is a shorter term basis then some of the other ones I've published here. They can be violated, but I give them the benefit of the doubt until they… Continue

Added by Mark Lytle on October 7, 2009 at 11:50am — 1 Comment

Short Term Technicals

The SPX and NDX are now testing their short term downtrends and the break of the wedge formations off the July lows. Upside breaks here will likely lead to new highs and even a new leg in the bull market. Failure to do so and then penetration of the bull trendlines from March (in green) will lead to a substantive correction.



Here are the hourly charts:…



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Added by Steven Vincent on October 6, 2009 at 8:02pm — No Comments

Crude Oil Bear Trap?

The recent breakdown in crude oil may turn out to be a bear trap. A close above the convergence of the long term trend, the trend off the March bottom and the short term downtrend will be very bullish.

Added by Steven Vincent on October 6, 2009 at 7:54pm — No Comments

Rally should falter around here...



We're attacking an already respected trendline, and as earlier conversations attest, there's a lot of overhead resistance not far above the top of the 23'rd of September..

Added by Mark Lytle on October 6, 2009 at 1:35pm — 3 Comments

Important Breakout in Gold

Is this forecasting a breakdown in the dollar? A continued rally in equities? A resurgence in commodities? Will the breakout hold?

Added by Steven Vincent on October 5, 2009 at 5:26pm — No Comments

Nooner Report: Markets Float Higher On The Back Financial Stocks And Exxon (XOM) Major Support Line

The markets opened higher on the back of a weaker dollar and some upgrades amongst the financial stocks. The key was to read the chart from Friday and understand a master level at $102.00 on the SPY had been hit at the open. That signaled a completion of the near term down move and that a nice short term upswing would be coming. Sure enough, true to form, the markets are trading slightly higher. In total, the SPY has so far rallied about $1.75 from the $102.00 master level. Watch the $104.00… Continue

Added by Bryan Leighton on October 5, 2009 at 12:33pm — No Comments

Jesse Livermore

I thought that it might be timely at this juncture in the equity markets to remind bull/bears of that 'leading light' and favorite of bull/bears, Jesse Livermore.

In addition to the famous "Reminiscences of a stock operator" by Edwin Lefevre, there are two very good books by Richard Smitten "Trade like Jesse Livermore" (2005) and "Jesse Livermore, The world's greatest trader" (2001).



Some of Jesse's trading principles were:

follow the line of least resistance

Patience… Continue

Added by pm on October 5, 2009 at 4:30am — 1 Comment

Toppy And Trendless



THE BULLBEAR MARKET REPORT

October 4, 2009

The move produced out of this current period indicate recovery, stagflation or depression











SUMMARY



Overall, the evidence is mounting that some kind of…

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Added by Steven Vincent on October 4, 2009 at 6:30pm — 1 Comment

Market Technical Analysis - Master Level At $102 Nailed. Market Bounces Off Lows On Ugly Jobs



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 on the… Continue

Added by Bryan Leighton on October 2, 2009 at 12:56pm — No Comments

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