http://www.tplinvestment.com stock market analysis, SPY, using simple technical analysis, multiple time frames, Japanese candlesticks, moving averages, and support and resistance, from turning point life investment
Duration : 0:2:34
This is the largest double top I think in the history of techincal analysis. I have seen so many intra day double tops in formations like this, and it seems that they always fall right after this. On the 5 minute time frame, these charts can lose over 1% in a day or few hours.
However, this double top on the monthly time frame seems to me that the S&P500 is going under 350 in the next few months. This means the Dow Jones will be under 4,000! This economic crisis we are in is very real and the best way to deal with this, is to understand this collapse is real and that we got more downside room left.
Duration : 0:7:41
The Federal Reserve announcement provided the volatility for this trade to work after a hesitant start.
Duration : 0:22:6
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Duration : 0:3:57
Hey guys,
I just wanted to give you a quick update on what’s been happening in the markets over the last 2 days. Ever since we hit the 200 SMA Daily on the Dow Jones we’ve been consolidating in a low volume pull back. This can be potentially a bull flag, and today we saw the bulls pile in at support around 923 on the SPX (prior resistance becomes support). A continuation of the consolidation could happen over the next day or two until we hit the bottom of the ascending channel on the SPX, but we could start a new move higher tomorrow as well. I also look at GS today, which saved itself from breaking an ascending wedge. An ascending wedge does state that eventually we will get a reversal downwards, but you have to wait until the support is broken. The VIX on the other hand is moving in a descending wedge, and a break of that resistance would mean the start of a new move lower for the markets. In addition, I wanted to point out how the DUG (triple short energy ETF) was consolidating from the middle of the day yesterday in a bull flag channel, and broke out right at the end of the day, and so today’s move was very warranted!
Duration : 0:5:28
VISIT: WWW.STOCKTOCK.COM for intraday commentary Today we looked at the last week’s action and how shorting the stock market and buying cheap calls for protection is probably going to pan out very well. We also own JPM puts and SPY puts. We look at the longer term ramifications and how the charts are showing a lot of bearish patterns which can eventually take us to the 825-840 buffer zone and maybe even new lows down the road. While a lot of people think that this market is going to either move up or crash hard, we believe that the pace of the downtrend will begin very moderately but will speed up once the wedge support line is broken. We also look at the SPY, XLF, AIG and GLD.
Duration : 0:5:8
SPY technical analysis sept review for the service results
Duration : 0:11:0
Technical analysis and commentary on current stock market conditions. Includes analysis of the VIX, S&P 500, DOW, NASDAQ, and many more charts including some possible money making technical trades.
Duration : 0:10:17
http://www.tplinvestment.com stock market analysis, SPY, using simple technical analysis, multiple time frames, Japanese candlesticks, moving averages, and support and resistance, from turning point life investment
Duration : 0:4:25
Today we go and look at the longer term picture and how the week ended close to flat. The bears had a very strong day on monday and the start of tuesday. However, the bottom of the channel on the S&P was tested and that gave bulls the place to go long. The fact that today the S&P could not hold 868 might mean that we are due for a nice pull back next week, and that is why I remain short, however, I got stop-lossed midday and had to put my shorts back in in the last 10 minutes of trading. The volume has been a little stronger today and for a friday this is significant, however, this is only because of the stress-test related news we got at 2 pm, before that the bulls took this market higher on incredibly low volume. Nevertheless, the volume should be noted as significant. The Dow Jones resistance channel was tested yet again today, but the volume was definitely not strong enough to break it. I looked at how the XLF filled a gap today and found resistance. There is a strong inverse H&S on the XLF with a neckline at $11.30, something to watch out for. Overall, the bulls have been very strong in the last couple of days, but have not broken the determinant resistance lines that make me want to go long just yet.
Duration : 0:8:21