Posted in Currencies, SPY, QQQQ, Daily Comment on Apr 27th, 2008
The weekend seems to get away from me, and for some reason I seem to find any excuse to not spend much time on my computer. I updated my commitment of trader files and since have tried to think of other things. But it is Sunday evening and I must try to get some perspective […]
Posted in SPY, Gold, Daily Comment on Apr 23rd, 2008
Stocks indexes closed a bit higher today, although they giving back most of the gains in the after-hours session as I write this. In the last post written on Monday I was concerned about the gap up on fairly light volume. The chart on Monday was the QQQQ. Today I show the SPY with a […]
Posted in QQQQ, Daily Comment on Apr 21st, 2008
I haven’t had much to add the last few days so I took a break from updating. Prices have bounced nicely from the uptrending moving averages, and were signalled by an oversold double stochastic and a tail left on the candle. I had concerns about that set-up failing as prices fell below the averages with […]
Posted in Commodities, SPY, Daily Comment on Apr 16th, 2008
The chart to the right is a weekly continuation chart of Rough Rice on the CBT. I don’t trade this market, but it’s just another example of the runaway, parabolic price moves many commodities are experiencing. There are some fundamentals causing part of this price move, but I have to think, like so many commodities, […]
Posted in Market Profile, QQQQ, Daily Comment on Apr 15th, 2008
Stock indexes edged a bit higher today, even with crude oil blasting off to new all time highs and other inflation worries in the news. The chart of the Nasdaq/QQQQ to the left shows a tail left on the candle today. I put a cyan circle around the tail. This implies price rejection as prices […]
