Does This chart look bearish

Does this chart look bearish?

I do not know many times I sit back in my chair and tell my students this statement this year in 2013. It seems every time the fed talks they rally up the market 10 - 20 points.

I know people have been calling for a correction and a crash, and hey while that could happen tomorrow or in the next week I had a look at the IWM or RUSSELL 2000 daily chart, and I must say I no matter how I look at it, I am having a hard and difficult time to find something extremely bearish to say!

I can't believe I have to apologize on my own blog for being a broken record. HAHA. But here I go again. LOL. The black line below on the RUSSELL chart below is the line in the sand I feel. Above this black line is bullish, and below bearish.

We can also see the MACD is turning pretty violently too. So the next few weeks will be interesting.

I see everyone talking about TAPERING coming soon still, and OK, I agree tapering will have to start somewhere down the track, but there is not use giving you dates because I do not have a crystal ball. I wish I did, but that is whole other story. For now TAPERING IS NOTHING MORE THAN A MYTHICAL NOVEL THAT IS BEING WRITTEN.... right now nothing has been done, and the fed continue to throw more money into this market. There is no use guessing when tapering will happen until action is taken, and it's much more important to watch and trade charts.

Currently the IMW is sitting at 110.5 and looks like it is firming up for its recent sideways action. The target might be 112 - 114 if there is more positive news to occupy news land in the coming weeks.

IWM Chart

Nasdaq Composite chart

Nasdaq Composite chart

The nasdaq composite chart and 5  10  20 timer has the market as a mess right now. The bulls and the bears continue to tussle it out. As you can see above these lines is BULLISH and below is bearish. Right now they are stuck in the middle and it is a time where no one is in control. In fact no one has been in control for a few weeks now. Eventually this will have to end, but for now the bantering continues.

Looking back, all the way to MAY as this chart shows, we have seen a strong steady climb upwards, and its safe to say we are still in a BULL market.  But in saying that there is still no clear buy signal here, but again at the same time while there are many people out there calling for a top, we are still hammering the fact that this is NOT a time to fall in love with the downside.

nasdaq composite chart

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quiet market

Today was A day when the market should have been shut. Basically there is nothing to note about today, and nothing exciting its one of those days you should have gone fishing with the boys or something? LOL

The market did nothing, and is holding for now. As you can see, there is no real reason to start getting bullish or bearish the reason is that we have been stuck in a 30pt range for weeks now.

I was talking with an old colleague today. A man who is not only a VERY GOOD trader, he has won a few awards in this area. We both agreed, that the market repeating a very significant pattern it did several years ago. For now this market needs to break the highs or lows of this range for anyone to get excited.

spx chart

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will the stock market crash in 2013

will the stock market crash in 2013 ?

That is a question I see go through many traders mind right now. Now there is only 2 months left of 2013, bears are living in hope that we will crash in the next few weeks? Will the market crash ? Well... I SERIOUSLY DOUBT THAT....but that is just a guess on my part! when you take a look at the weekly chart of the RUSSELL 2000 this year has been more like a steamroller that has just flattened most bears right out and left them high and dry in the desert to rot.

There are still some bears out there calling this a top in the market. But we have been seeing these melodramatic calls throughout year, that have failed quite miserably.

I had two friends try to preach to me today, telling me this market is rigged. NO JOKE! I told them they are preaching to the choir boy, and winning or losing, as traders that is just apart of this game you have to accept. Make no mistakes about it, the markets have been manipulated before I was born, and will be manipulated long after I am gone! If you cannot accept that, or its causing you to lose money, then it's time to throw in the towel! That is the best advice I can give you.

The last few weeks has been another reminder of what QE-pomo means for this twisted market. Whilst the US federal reserve throw an annualized one trillion of new 'benny bux' money at the US capital markets...any 'significant' decline is simply not possible. There are alot of traders, that are finding this hard to get through their skulls. But it is what it is.

This is what the FED is doing to the markets. Blasting us up higher! YES! You do not have to just take my word for it. Just look at the weekly chart of the RUSSELL.

will the stock market crash in 2013

What am I doing?  I am not guessing when will the stock market crash in 2013

That can be very detrimental to ones trading account!

I can tell you I have no intentions of shorting the indicies here. For me that is more a high risk trade, then a trade that offers high reward.

will the stock market crash in 2013 ?

Well I guess no one really knows the answer to that, and heck next week we could crash back to 900 on the RUSSELL, however that would be the lower probability odds is all.

We can go guessing about a market crash in 2013 or 2014, heck even when a hefty sell off may occur, but for now, the smartest thing to do realize we are in a serious major up trending bull market.

I guess that clarifies things for now.

Next week is OPEX and that means there is a good chance the market is all over the place. At least that is just my guess for now anyway.

Enjoy your weekend and happy trading!


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Are US Investors NUTS

Are US Investors NUTS?

Are US Investors NUTS indeed, well to find out more all we have to do is look at this chart.

Below is a chart comparing the stock market prices and earning also.

As  you can see the earning predictions by most analysts are going down, and the stockmarket is going up. This has not happened for quite a while and it seems that something is a miss? Anyway it is a very interesting chart to say the least.

are US investors nuts

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Serious Profit Taking

Serious Profit Taking

We have been warning for a week or so, that a day like today was coming. 

After a week of consolidation and the market doing nothing, we finally broke the support zone, and the S&P closed down -23.34   OR  -1.32%

As you can see below the big boys (SMART MONEY) are using this opportunity to start dumping.

what the big boys are doing?

Again, there is most likely more selling and profit taking to occur I think but again, while every so called analyst is calling a multi-generational top, and this is the start of a crash, we think this is just another type of DIP in a bull market.

You can see just how resilient this market is at the moment. We have one nice red day now, lets see what happens with one day left and the all important JOBS number that many traders will be watching.

The next few days on the market will be interesting!

Happy trading.



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market indices - market indices going weird

market indices - market indices going weird

market indices right now are a little haywire. The RUSSELL seems to be getting really creamed, and the other indices seem to be holding. This has happened before and is a warning that a BIG MOVE should soon be on the way. I do not know when, but it is a warning sign.

As you can see below the RUSSELL is really selling off significantly and leading the race right now and the other indicies really have not moved much at all. So a picture tells a thousands words and this for me is very significant.

market indices - market indices going weird

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Vix Holding Pattern

The Vix right now seems to be in a holding pattern right now, you can see on the charts we are just trading in between the support and resistance lines drawn.

We are at 13 and holding and we think it is possible to see the higher teens coming i.e. 14 and higher. If this was to occur it would put a lot of pressure back on the market. Its all about the VIX right now, so this is a must watch for traders.

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Market Warning Us Here

Is the market warning us here?

This is a chart I normally only share with ONLY our  VIP ELITE GROUP  -- HERE!

However I thought it was interesting that the breath of most equities belonging to the S&P 500 are telling us after such a massive run on the market, we could be about to experience a bit of profit taking or pulling back on the market.

As I have previously written on my blog, yes we are in a BULL market, but BULL MARKETS do not go up in a straight line. Some bulls have trouble with this, however it is what it is.

As you can see the A50R is up at OVERBOUGHT areas, and at 81.00 I would be thinking its an area that smart money will start to take profits, and talking to some of my colleagues we know what these guys are up to, and if we do experience a bit of a sell off in the next few weeks, it will mean our thoughts are correct.

Hope this helps.

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Why Hasn't The Markets Crashed

Why Hasn't The Markets Crashed?

Alot of people out there seem to think the market was going to crash this year in 2013?

Because of THIS GUY! 



Now we at the end of 2013 and not only has the market NOT CRASHED, we hit new highs in the last several weeks and seem to be holding.

So...... Why Hasn't The Markets Crashed?



In my own opinion, it's pretty simple. The predicament the US faces right now they are setting many extra ordinary policies against an economy that is still very damaged.

The employment data coming out of the US is still pretty bad, and if it stays that way definatly won't see any tapering on the market, and the FEDERAL RESERVE have confirmed this numerous times. Particularly with Janet Yellen taking over the FED RESERVE early next year as her reputation is seen as more dovish.

Equity prices right now are in a bubble, I will be the first to admit that! However what traders out there are failing to realize is that Quantitative Easing is like liquid VIAGRA holding up the markets right now. Its like the rocket fuel that is not running out sending up equities and other asset classes and I think it is a fantastic representation of what is really going... WHICH IS : When Q.E. Stops there is going to be a much bigger catastrophe in the markets....yes! Bigger than the one we had back in 2008.

But for now, there is not reason to panic and get scared, as there are no signs this massive liquid injections into the markets by the fed is going to end anytime soon. One day they WILL have to, but for now they will continue to soldier one with their plans.


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Nasdaq Daily Analysis

Nasdaq Daily Analysis

With friday A NON exciting day, the nasdaq or the leader of the market seems to be in a range right now. Above this range is BULLISH, below is bearish. The longer term picture is still bullish in my eyes.

There are some who keep trying to call this market a top, and there are a few blog writers out there who have been calling tops ever since MAY 2013 this year. But when you take a look at this chart, you can clearly see how wrong they were....oh dear! Make no mistake about it, we are in a BULL MARKET not a bear market like some out there think.

You can see in THIS POST HERE - CLICK HERE TO SEE we have been warning our readers not to fall in love with the downside months ago Back in MARCH 2013.

Here is another post in September  THIS POST HERE - CLICK HERE TO SEE
Where we warned people not to fall in love with the downside. 

Since then we have skyrocketed. But hopefully you were clever enough to work it out for yourself.  This was posted a while ago, and many laughed at us.

I hate to sound like a broken record, and ramming it into our readers minds, however the chart below has a series of higher lows, and higher highs...which is..you guessed it BULLISH :-)  This is a chart that goes from the bottom left to the top right. If you think that is a bearish chart, you may need clinical help. LOL.

2013 has been a fantastic year for the bulls, so even if we do get a dip here late in the year, it will not make much difference, and personally there is still money on the sidelines doing nothing, and with massive QE and the thoughts of a pending XMAS rally, the next few weeks will be interesting. Just putting a few thoughts out there as no one knows what happens next.

Again, I am going to sound like a broken record, even if we do get some more selling off or profit taking on the market, there is still not reason to fall in love with the downside for now. That could change at anytime, but for now, it still seems to be holding true.

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