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Here's a look at the market on Feb 6 2007 Today's shallow dip was once again met by steady buyers. Advance-Decline never fell below 0, despite the price decline in the morning and the fact that indices were negative most of the day. Cisco's positive forward guidance afterhours has a broad...

Here's a look at the market on Feb 3 2007 All indices consolidated in a tight range so there is nothing much of note on daily charts. ES volume was also on the low side. Perhaps Chicago traders didn't feel like waking up today. On a short term basis S&P was once again held back just shy of...

Intra-Week Chart Analysis Here's a look at the market on Feb 2 2007 The market consolidated with S&P showing a positive bias and Dow exhibiting a negative bias but both within a neutral range after the Fed induced rally. It was a slow day other than the range making done in the morning and...

Here's a look at the market on Feb 1 2007 S&P had a belabored run up today as a follow through to yesterday's rally (albeit it looks all pretty on a chart with a pennant and then a late day break out). I expect the run up to continue a tad bit more before doing some retracement. If we gap...

The rally today has brought S&P and Dow to the high end of the currently 2 month old trading range. It remains to be seen if today's action can be sustained: S&P 60 min http://img186.imageshack.us/img186/7051/sp60jan312007ef5.png Dow 60 min...

This one just might end up working. Let's see where the Advance-Decline goes this morning.

The market has been consolidating in a tightening fashion and may gyrate in a widening range through the economic news, the fed and some major (i.e. GOOG, XOM) earnings before a consensus is reached. What to watch out for is that even though S&P recovered nicely from last week's sudden sell off...

Here's a look at the market on Jan 29 2007 All in all, the broad market continued the rally initiated on Friday afternoon, but the strength dissipated in the afternoon and we ended up coming back down to where we started this morning, forming a candlestick called a gravestone. Though the...

Here's a look at the market on Jan 26 2007 Dow Daily pretty much sums up where the overall market sits currently: http://img106.imageshack.us/img106/7605/dowdailyjan262007fq7.png We formed a base on the last higher low then rallied a bit but we ended up closing right below a critical...

Intra-Week Chart Analysis Here's a look at the market on Jan 25 2007 Complacency quickly turned into a wild mood swing (no panic just yet) as a new high was quickly met with a broad based sell off of about 1 percent. I was taken off guard by this move (hence I too am guilty of...

What's even worse is when one manages to lose money playing both sides I guess (not implying anybody is). Loading up from this level anyhow (will write about it later on my thread) and personally I think the fundamentals suck but hey, we came up this far; might as well go up a little more. :D

I don't know. . .a new all time high? :D

S&P flirting w/ previous intraday high. Be careful!

Housing sales # that came out just now is apprently the worst decline since '82, YoY according to Reuters. Of course, the market will rally on this great singal that the Fed will cut rates.

Here's a look at the market on Jan 24 2007 All three major indices moved higher and today was significant in that NDX also participated to the upside. With the bond yield steadily rising (which puts a damper on the PE expansion thesis, at least in a rational market setting) and the earnings...

Here's a look at the market on Jan 23 2007 On the daily chart nothing much has changed - NDX is weakening (it finished just above the current support that was noted on the chart yesterday) but may bounce, though it failed to rally above the converging 20 & 50 MAs; S&P and Dow are still...

Thanks guys

Been getting: "Login failed - failed send NSMsg - java.net.socketException:connection reset" last 20 min. Anyone else?

I'd say the bottom we formed in early January is very strong, given that it took 3 trading days and it had been previously tested in late December. That makes it plausible that we just hit a 'higher low' pivot today with the price going much higher from here after an orderly sell-off (since we...

Intra-Week Chart Analysis Here's a look at the market on Jan 22 2007 NDX broke below some key moving averages, but it is also quite oversold short term: http://img183.imageshack.us/img183/2685/ndxdailyjan2220076ry.png S&P held up a lot better than NDX and Dow today thanks to...