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.



WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!



Powered by 123ContactForm | Report abuse

big boys buying up big

big boys buying up big!

It seems that some of the big boys on wall street are buying up big on the market. This is significant for 2 reasons we feel.

1) It means they are pre-emting that the debt ceiling will be lifted, and the govt shutdown will re-open. 

and....

2) They are also guessing this will mean the US will not Go into DEFAULT later in the week. 

Whatever the case, there has been alot of activity in the market the last few days, as you can see in the supply demand indicator has now confirmed this.

We are not saying the US will not DEFAULT. We are simply showing our readers what the smart money has been doing in the last several days. Now we just wait and see what congress decides, but most of all follow the charts.

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!



Powered by 123ContactForm | Report abuse

Rocketship Rally

Rocketship Rally? - Or Is This A Top?

There is a lot of division amongst traders right now to whether this is the start of another upwards burst run on the market, or is this just the top of the market right before a big sell off or CRASH like some pundits out there are predicting. Right now, the most astute thing you can do is just take each day as it comes.

We Explain More Here In Our VIP SECTION! =>  CLICK HERE 

No one is Nostradamus and can predict where the market will defiantly go today, tomorrow and also next week, however As sentiment traders we have found that over the years making money always comes easily when you stay with the smart money or where the main sentiment seems to be from week to week. This is not only a smart thing to do, but is very profitable 99% of the time. You are giving yourself a higher probability of winning and lowering your chances of seeing losses come to your account.  The S&P 500 weekly chart below is a doozy, because as you can see the smart money has been buying dips, so if you have been doing this, there is not reason why you should not be making money.

This can change at any time, however if you view the weekly S&P chart below you can see that we have been in an upwards channel since the start of 2012. This year (2013) has been an amazing year for the bulls, and as you read this, the market again closed up 2% to close out the week as Bernanke's dovish tones stopped the market participants panicking about his previous comments about tapering off the money stimulus that has been flooding these markets since 2009. This week we have hardly saw much selling at all, and people trying to get short, pre-emting a top must be feeling very frustrated.

Things never go up in a straight line, however our rocket man below has been thrust back into his seat and can feel the true raw power of a BULL MARKET, where you get higher lows, and higher highs, so far we have seen a higher low in JUNE, so are we about to see a HIGHER HIGH now? Well that could most certainly happen, and things are heating up and it is only a matter of time to see where these full force bulls can take us?

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE!

Powered by 123ContactForm | Report abuse

Nasdaq - sideways channel

April can be a boring time on the market in terms of the trading calendar. As you can see we have not really done much since the end of March.

When Easter time comes, the smart money is normally out of the market and will not hop back in till the end of this week or early next week. So again the market seems to be in limbo.

The chart below shows the Nasdaq in a lazy channel. No one is really winning the battle as the market is directionless for now. When the smart money comes back that could be a different story.

The hourly chart below shows nothing more than a bump and grind sideways.

nasdaq sideways channel

WHAT IF YOU KNEW WHICH WAY THE MARKET WAS ABOUT TO MOVE BEFORE IT HAPPENED?  CLICK HERE To Join Our VIP ELITE GROUP  -- FREE 10 Day Trial Offer Today!