11
JAN
2015

SPX: Setting a Potential Ending Pattern

Monthly time frame: So far there is no indication of a trend reversal, as the potential bearish December´s Spinning Top in order to be confirmed requires an end of month print below 1973. Therefore the December candlestick has to be considered as indecision between bulls and...
20
DEC
2014

Oil: Potential Bottom And Swing Long Setup

  Long-Term Elliott Wave Count I am assuming that from the July 2008 Top Oil is unfolding a Zig Zag, therefore the wave (C), which is underway, will likely test the 2009 low and probably establish a lower low. The wave (B) was established on August 3013 with a complex Double...
04
DEC
2014

XME: Bullish Watch List

XME: Metal and Minig ETF This is not a “showy” set up, I am only seeking a potential retracement of the last down leg with a potential target, if the gap at 33.89 were closed, in the range of the 0.5 R – 0.618 R Judging from the last two candlesticks: Tuesday´s...
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.