OVI Index

I’m going to get to the point with you today!  I told you last time that AMZN was looking good, didn’t I?  There is NO excuse!  Here’s what I said last time: AMZN (from my 7th September…

Two HUGE up days in the markets albeit not with massive volume have given some hope on the horizon.  However, we’re still looking at some ugly patterns in the markets right now, and we need t…

In today’s email I’m attaching the charts of the SPY, QQQ and DIA, so you can see how each corresponding OVI didn’t really participate in each of the index’s mini recovery leading up to last week.&…

In my last email I mentioned that something wasn’t quite right in that the markets had made an impressive recovery – albeit on slim volumes – but that the OVI for the indices hadn’t responded in ki…

Hi Everyone Another good day in the offing with stocks today.  However, the three main indices are ambiguous.  Volumes are weak, though that’s to be expected with this time of yea…

Unsurprisingly for this time of year, and perhaps something to do with the hurricane hitting the east coast, volumes were light in yesterday’s trading, thereby taking the shine off some impressive …

So today the Dow’s range has been a piffling 395 SO FAR!   
I’ve been telling you these markets are crazy for some time now.  Trading the indices you’d have been whipsawed to dea…

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…