There is a lot of resistance and we have had a couple big distribution days the last 2 weeks in the TRAN. Will be much more cautious on the long side and potentially look at going short going into earnings.
The McClellan oscillator is turning up again but CCI has not bottomed, which leaves a mildly bullish outlook. however, volume has been very weak the last 2 days, making the possibility of another move down possible.
Technical analysis from price, volume, and stochastics. Click on title to see updated chart. I post regularly here and my library of charts is at protradersedge.com
CNBC: Citi to Repay TARP
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From Maria Bartiromo at CNBC: Citi Plans to Repay TARP Via Stock Offering:
Sources
Citigroup plans to pay back some of the $45 billion in TARP money it
r...
Transition Trade in Euro Currency Futures Market
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Here we see a transition pattern in the euro e-mini futures (6E): high
momentum/volume selling led to a drying up of selling pressure (click on
chart and ...
Updated Position (building a position)
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I've been back and forth between slightly net-short and slightly net-long
this week, but I'm increasing exposure at the same time. If the market does
indee...
Behold: Power Dip Wednesday Picks
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The Power Dip web service is in beta testing. I am getting some great
feedback on the service, and am looking to implement a few of the
suggestions before ...
The Case For Near-Term Job Market Improvement
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Everyone is trying to come to terms with the surprise nonfarm payroll
figures from last week. One camp, lead by TrimTabs, believes they are
completely fabr...
12/08/2009 Market Recap: Still Range Bounded
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*Summary: *
Market is till range bounded.
*TREND* *MOMENTUM* *EMOTION* *COMMENT* - Sample for using the trend
table. *Long-term* Up Disbelieve ...
Watch that Dollar (weekly)
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*Remember a weekly chart ALWAYS trumps a daily.***
Friday's usd move was a monster
- the daily chart looks like a breakout
- however the weekly is right...
Low Volume Melt Up
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*FN:* On the way down there is volume. On the way up, there is less...
waaaay less (especially for this time of the year).
Can you say algos?
So what does...
Middle of finals, but...
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I suspect things will play out much like last year. A gasp up to the 200 MA
in the S&P, flirting around that level through the end of the month, then
the s...
Correct Web Address
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From this day forward all updates will be made at *ALPHATRENDS.NET*alphatrends.blogspot.com will no longer be updated.
There is very good free trading infor...
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