16
Dec
Here Comes Santa Claus
Written by Anna   

 

Read more... 

 

HI everyone and a happy holliday season to you! 

Well we are near the end of the year and the question is "Will Santa Claus come to Markets" I sure do think so. We had a small subwave down last week, but remember we were up 5 days in a row. So to me it appears this is a Subwave where the end of the year folks will do what they need to do. Sell their losers and buy more winners. The volume will begin to really drop off later this week or even sooner!  I  just have to say that Apple is now pretty much a "broken stock" and I believe it has allot more pain ahead. I am not shorting or doing a bearish strategy yet, but have that on my mind.

Thinking that most of the profit taking has taken place in Gold and silver, and that it pretty much goes sideways till the end of the year. I will be going long and just letting it work in the emini's.  Dollar is what I keep an eye on carefully as it has been around this 80$ level for quite some time and could break out to the downside (would be my thoughts)there is a large Head and Shoulder pattern on it. Now if the dollar does continue down then gold silver will start at least a wave up.

Hope you enjoy your week and see you hopefully on the blog :)

 

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19
Nov
Wave up this week
Written by Anna   

UPDATE DEC 10th 2012

Here is a chart of the SPX, what I see is more chop till we have more info @ hand, but this tape is either going to break out on the upside or fail this range and plummet below 1400. We'll have to watch, I do see some slight divergences
on the MACD histogram.
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Here is an updated view of the ES 60 minute.

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Hi everyone 

We are already here @ Thanksgiving week. Wow Read more... does time fly! The markets have actually been fun to trade for a while since movement has come back to the tape. In September we started to see some volatility and it makes for some fun trading. Slow markets are only good time option sellers that was time to decay the options they sold.

Now for this week.  We are coming off pretty much a standard Correction and I must say it was feeling pretty dreary. The fiscal cliff issue have been worrying the markets since the election was over. Some may say that it's because of Obama, but the charts were lined up for a correction and that's what we got. Now the fun begins, do we rally on light volume this week into Turkey Day. I say "yes" do to the daily chart on SPX and here is what I see. 

Read more... 

Now that does not mean that we go straight up,  but I pretty much figure with only 3 and 1/2 days to trade we trend up and some of those fib lines where is were we are likely to go. I am routing for 1397.  So you know that I am long this week via the S&P futures. I got in 1355. So we'll see how far we can go. I do have a wide stop on for protection.

Oil has been in a range but on the lower end of that range and I still do not see oil spouting off to 100 anytime soon. 

Have a great week and I wish you all the best of Thanksgivings! 

OXOX Anna 

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