A couple of decent days in the markets for the main indices, but on not-so-impressive volume, and the OVI is still negative on both the SPY and QQQ. To trade “our kind” of patterns we need…
A couple of decent days in the markets for the main indices, but on not-so-impressive volume, and the OVI is still negative on both the SPY and QQQ. To trade “our kind” of patterns we need to…
S&P Below 1000? Sure It Can … I’m not one for wild predictions but the whole point of chart patterns is that they do give us a clue as to what could happen next. Our favourite pa…
Tough Autumn Arrived Early I’ve been saying for some time that the OVI is negative, we were in for a tough autumn, and that this year was resembling 2008 in some ways. Looks like these were…
Markets Did Decide … The OVI was Right Again! Yesterday I suggested that the markets were undecided, but that the OVI was still negative and the best course of action would be to stay safe fo…
Markets Undecided Today we saw an “outside bar” on the main indices – this means that the high was lower than yesterday’s high, and the low was lower than yesterday’s low. This is incon…
Markets back to Sanity … If you heeded my warnings you’d either have had a quiet week last week amid all the turmoil, or you’d have been short because the OVI and the trend has been distinctly be…
The markets are all over the place which is why I said stay out last time. Today’s action is still playing out and it’s been whipsaw city. OVIs have been plungeing – you’ll see that the…
A compromise has been announced by the President, meaning that the US won’t go into default of its debt on Tuesday’s deadline. This suggests a reprieve for the markets in terms of recent uncer…
Today we’re going to do something a bit different … The indices are rising because the financial stocks are waking up. Morgan Stanley reported today and gapped up accordingly. So f…
