14
APR
2014

NDX: The Decline is Jeopardizing a Bullish Outcome

NDX is approaching the February low. As discussed in weekly update on April 6, this area is twofold critical since it coincides with the 10 mma. If this support does not hold we can see that, in the monthly time frame, there is not a clear obstacle that could prevent a drop...
04
APR
2014

SMN (Ultrashort Basic Materials ETF): XLB Bearish Watchlist

04/07/2014: Follow up Despite SMN has most likely established a tradable bottom the reversal setup did not pan out as expected hence I did not get involved. Bullish Setup published on 04/04/14 Reason: Positive divergence of the RSI (5) and a daily Doji with the real body below...
03
APR
2014

GLD (Gold ETF): Bullish Watchlist

04/08/2014: Follow up I decided to close the position with a gain of 5%, probably it is an anticipated decision since there is no indication of  a reversal but there are too many gaps which complicate risk management as the stop is too distant from current levels, in addition I...
01
APR
2014

IBB ( Nasdaq Biotechnology ETF) : Bulllish Watchlist

04/07/2014: Follow up The bullish setup has been invalidated 04/02/2014: Follow up I did not buy the gap up ( Probably a mistake) The discussed bullish setup reasons  remain valid. Yesterday´s shooting star (And unable to close above the 10dma) may suggest some consolidation. If...
26
MAR
2014

TZA (Smallcap Bear 3 x): IWM Bearish Watchlist

03/27/2014: Follow up ( I am out. Take the money and run) Entry Date: 03/26/2014; Long 16.04; Stop 15.10; Target 17.40; Exit Price 16.59 (+3.40%); Exit Date 03/27/2014 The potential double bottom patterm is underway but eventhough the theoretical target has not been reached yet I...
23
FEB
2014

SPX: Impasse

(Weekly Analysis) Impasse is defined as a situation in which no progress can be made. This week SPX has made two unsuccessful attempts to achieve a new ATH. This failure, even though should not be considered as a bearish sign, it comes with two stretched breadth indicators the...
17
NOV
2013

WEEKLY ANALYSIS 1117

BULLS HAVE BEEN SAVED ONCE AGAIN The sell signals discussed in my last weekly update have not materialized. Instead SPX continues to resist with boldness establishing new ATH.
06
OCT
2013

WEEKLY ANALYSIS 1006

DAILY HARAMI AND WEEKLY DOJI ARE SUGGESTING THAT BULLS CAN REGAIN THE UPPERHAND Negative divergences, SPX displays 3 higher highs on May 22, August 2 and September 19 while weekly momentum and breadth indicators have lower highs, are the major concern regarding the durability of...
04
OCT
2013

SPX: Follow Up of the Short Term EWP

WAITING FOR EVIDENCES OF A BOTTOM Three major assumptions:
08
SEP
2013

WEEKLY ANALYSIS 0908

I EXPECT MORE UPSIDE BUT A LOWER HIGH SPX ended the week with a Harami candlestick which strengthens the probability that the down leg from the August peak has run its course and price is now embarked in a countertrend rebound which eventually will be sold establishing a lower...