Category Archives for Blogs

Market Morning Huddle – 25 January, 2016

BEARISH MID-TO-LONGER-TERM (Weeks-To-3Months+): We are currently experiencing a technical bounce in North American markets. If the S&P 500 breaks back below 1,880-1,870 (a key support floor), and if the Crude Oil (WTI) reverses back below $30 aggressively. This market has more downside risks than upside potential in the mid-to-longer-term.

BULLISH SHORT TERM (Days-To-Weeks): Entering this week higher risk long side positions were on play with the deeply oversold technical bounce that started January 20th, 2016. S&P 500 (SPY), Nasdaq (QQQ), Russell 2K (IWM), Int’l Developed (EFA), Emerging Markets (EEM) and TSX (XIC).

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Intra-Day Action – 22 January 2016

Here today’s action on the S&P 500 as I saw it. I didn’t include everything on the chart (I’d run out of space) but the key is to look at every candle objectively and ask “what is happening here”. If the Bulls win the bar and it’s over a resistance point it should follow through. If it doesn’t something is not working as it should and you need to stay objective and see how the next bar reacts.

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Intra-Day Action – 21 January 2016

Part of my end of day routine is to analyze the intra-day action of the S&P 500.

Basically I like to print an intra-day chart of the SPY or $SPX and mark up areas and candle patterns. I also like to make note of when reversals and or continuations occur. Adding market internals such as the NYSE TICK and TRIN adds clarity throughout the day.

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