Posts Tagged ‘VIX’

Another Failed Test at Resistance

9:00am (EST) The bulls teased Wall Street again after getting the indexes above key resistance levels but the rally faded in another choppy session.  The bears didn’t do much damage as prior support levels are holding but the market feels like it is walking on eggshells. (continued…)

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Bulls Stall at Resistance/ Gold Tanks

1:40pm (EST) We predicted a triple-digit move on the Dow yesterday and we said the Fed’s actions and comments could set the next trend into yearend.  Following a rally back to the Black Friday highs, today’s slight pullback was expected and it will be important the bulls hold the firstRead more

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Bears Growl, Bulls Hold 20-Day MA’s

9:00am(EST) While the Wall Street pros took an extended vacation, we knew putting in a half day’s work last Friday would pay off.  Since we LOVE what we do, watching and trading the market isn’t really work and we had fun as we listened to some office tunes and fiddledRead more

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9 Million Apple’s (AAPL) Keeps Bears Away/ Profit Alert (JCP)

11:45am (EST) Futures were slightly higher throughout the night and into this morning but turned negative shortly before the opening bell on mixed economic data.  The reports weren’t market movers as Wall Street and the globe will be focused on the news out of Washington DC this week. We wentRead more

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Listen to Your Grandfather

1:40pm (EST) We wanted to start off today’s commentary  on the S&P 500 Volatility Index ($VIX, 16.45, down 0.04) as we laughed out loud when one of the talking heads said this isn’t your grandfather’s VIX. To make a long story short, they basically said to discard the VIX whenRead more

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Market Sees More Red Ahead of Fed Minutes/

12:45pm (EST) The market is trending lower ahead of today’s FOMC Minutes that are scheduled to be released at 2pm (EST).  The talking heads and slick talking pros are 50/50 on whether a taper cut will happen in September and they will be digesting the news looking for clues. WeRead more

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Bears Get Second-Straight Weekly Win

9:00am (EST) The market started the week off with another mixed Monday as the broader market fell while Tech and the small-caps showed some strength.  The bears continued to test support on Tuesday but the bulls showed some signs of life after one of the Fed Heads said current economicRead more

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Bears Crack First Wave of Support

12:45pm (EST) Picking a market top is never easy but we have been bulls-eye accurate all year long in predicting where the market is headed and what the trend is.  We haven’t had much downside market action except for the one in June to a test to the 100-day MA’sRead more

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Bears Looking for Monday Win

12:35pm (EST) We mentioned this morning the bulls might have a hard time extending their Monday win streak to five but given last Friday’s dramatic rebound anything is possible as we head into the second half of trading. Earnings will again be in focus this week but the economic newsRead more

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Bulls Having Trouble with May Intraday Highs

9:00am(EST) The market was choppy for much of Monday’s first half of trading but picked up steam during the second half as the bulls continue to push new highs.  The third-straight up Monday continues to show money is coming into the market as Wall Street pros and hedge fund managersRead more

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