|
||||||
 |
What a borefest! I haven’t posted as much lately simply because there is no fun in trying to comment on a market going sideways on all time-frame. We are still stuck in the range we have been in for the past 5 weeks but things may begin to stir up (or NOT!) with Continue reading Stock Market Analysis: 12/21/2009 The SPY had a minor new closing high yesterday but as shown yesterday, it looks like we are in the same range we have been trading in the last 4 weeks. Basically, you either chose to sit on your hands or shorted select stocks/indexes today to play the range the last couple days. Tomorrow is Continue reading Stock Market Analysis: 12/15/2009 Not much to say and I’m tired to repeat myself. Hope you are not playing indexes, there is better things to trade out there… The market is consolidating through time instead of price action. This could be a topping process or a stepping stone toward significantly higher levels. Notice that we haven’t a Continue reading Stock Market Analysis: 12/12/2009 The market continues to put everyone to sleep. How many times have we seen this gap and nap trading day in the past few weeks? Not much to say except that it’s a stock picker’s game as of late and if you are playing indexes in the current environment, you must be out Continue reading Stock Market Analysis: 12/10/2009 The market opened significantly lower this morning on the dollar strength and we had a non-trending day professional gap (how boring) as we held below the trading range we have been in since the beginning of the month. Let’s see if we get a test of the crucial SPY 108 level which is Continue reading Stock Market Analysis for 12/08/2009 The third failed breakout in three consecutive days occurred on Friday as a much better than expected job data was not enough to get the market to close above that stubborn SPY 112 area. Failed breakouts tend to lead to a steep countermove and we saw a steep selloff all the way down Continue reading Weekend Stock Market Analysis: 12/06/2009 The market attempted to break out to new highs and failed early on just like yesterday. We then traded sideways for most of the day until 2:50PM ET at which point broad indexes broke their range to the downside. Most of the damage was done in the financial sector and there was definitely Continue reading Stock Market Analysis: 12/03/2009 More of the endless chop today. Market attempted to break out of the range but a minor breach quickly failed around the ES 1115 level and back solidly into the trading range we have been in the last three weeks. It seems that we are correcting through time instead of price and the Continue reading Stock Market Analysis for 12/02/2009 Today marks the beginning of the last month of the decade! Seasonally, December is a bullish month on average but there is also plenty of occasions when it finished negative. Just like that, we are back at the highs after notable market strength overnight. We have been trading range bound so the smart thing to Continue reading Stock Market Review: 12/01/2009 |
|||||
|
Copyright © 2010 ANOMALOUS MATERIAL - All Rights Reserved |
||||||
