Hi Everyone The market creeps up but it’s still a bit ugly out there. Both AAPL and GS have broken out as expected but are both now forming Doji bars. The AAPL one is obvious, but…
Hi Everyone As we draw to the close of earnings season, make no mistake, it’s been ugly out there folks! The main indices have been grinding upwards but on low volume and with rough and volati…
Well, sometimes you just have to allow the market to have rest. Right now we’re seeing a lot of churning and many stocks exhibiting neutral or nondescript OVI readings. That’s fine … the…
A quick note today where I want to highlight the difference between a good looking chart and an ugly chart. To be clear I only go for the pretty ones! So, what constitutes pretty? &n…
There’s an old expression in trading that says, “Let the market tip its hat …”. The meaning is essentially “Let the market show you where it’s going”. It’s a nice little saying but wh…
Well the charts look bearish, the OVI looks bearish and the count of flags looks bearish. On the other hand the S&P is sitting at a key support level that could bounce back up. My hunc…
The markets are still flirting with the support levels I mentioned yesterday. The S&P is marginally up having started strongly and I’ll make a wager that when you refresh this chart you’l…
The S&P has been traversing sideways for a month or so now … which just happens to coincide with the OVI being negative during the same time period. Coincidence? Come off it! &nbs…
Hi Everyone It was great to meet some familiar and some new faces at the Dan Zanger workshop in Los Angeles on Saturday. Since then I’ve hopped from West to East, spending a few days in …
The S&P has had a negative OVI for all but two days in April, and while it isn’t hugely negative, at the same time it’s now forming an extended bear flag like pattern. The only reason it’s n…
