Morning Gang!

The SPX is attacking the 50 dma, is the 2nd time since DEC. The 20 dma is at 871 which many of you saw me take the short against it at the close as this is a Holy grail setup. I expect us to test the 50 and possibly all the way 854 square out. If we are truly in a bull mode we should find a low and advance back thru 50 dma. I have a cycle turn around 2/20 and expect the rally to stay in place. I will be watching the ORB closely today. Interesting that 874 is a time square that I missed yesterday and need to see how the market reacts from the number especially since it was magnitized to it. God geometizes. Hit em Hard!

The lines are the ORB I refer to daily. (first 3 10 min bars high and low). notice the morning breakout and test at A that penetrated the 20 mathen put in an inside bar and rallied....would suggest a successful test of the ORB and rally ensued....At B I stated that we may accelerate at 863 break but a mirror image of A played of the test. Was the reason I said last 20 min ramp would play out. Hope this helps and show one of the ways I use for direction.

USO

Two weeks ago the USO plotted a NR7 pattern ( the narrowest range in 7 bars). Volitility usually ensues from one of these. USO scored an outside week up and with a trade above 31 that sticks should suggest a run to 40...39 is 180 degrees up from the 27.73 low

Morning Gang!

I use today's chart to show you that spx now has closed below the 850 level for the first time on the weekly chart in 8 weeks. Are we coiling for a run? I'm on the defense and play by scalping and very little swing trades with tight stops. I need to see us get above the 850 level on a closing basis as well as the weekly swing chart will turn up at 849.65. Both would be constructive. CAT's numbers are bad so we should get a chance to buy the down open if the bullls are trying to make a stand. A trade above 836 that sticks would get me going on the day...below 820 and more important 805 the lows look more likely. Hit em hard. on the radar ERX, USO, GS, AEM

Morning Gang!

LEts keep an eye on the 796 level as it is 180 degrees from the 741 low...also Wed carved a real accumulation day...I'm watching and waiting. More to come hit em hard!

Morning gang

Chart tells it all.

Need to hold 820 closing basis but really need to recapture 850 on a weekly closing basis

I want to point out the ORB I use and the example from today. The horizontal lines are the opening range numbers from the first 3 ten min bars...I plot them on the stocks I follow GS shown. Notice the break this am and the hook back up to the range and the moved sideways/ The buy was the break of the upper range at 820 to get going and it so happens that an inverse HS was also present....GS late day upper break suggest a close at the high and the same for the ES...Hope this helps

Looks like an inverse HS on 10 min tracing out

Morning Gang

I put up the weekly chart to show the importance of the 850 level and the one weekly close below since Nov. I'm looking at 820 break and we test 740 or 870 giddy up and the 890/900 level on the inverse head and shoulders neckline comes in...if the upmove begins then these levels recaptured the old 940/944 level is back in play....my horns are still out on a weekly close above 850...Hit'em hard

OPex

Morning gang
I'm still in need of a close above 854 to put us back in a stronger position. Yesterday was quite the life of the party with many stocks pinging back in fro from their strikes...good one GS! MA and RIMM...Rimm has been very strong recently and looks higher. 820/825 (270 degrees) now lets see if the pullback has been complete and a 944-1100 advance plays out. Horns up!

Bull Case

Morning Gang

News News News, it breaks with cycles. Yesterday proved to be a bloodbath. Blowing right through the level that needed to hold for the run I was looking for from the 360 degree level at 854. We had a late day attempt to get 850 but bounced right off to close at 842 and never getting any kick. My final level before the ultimate test of the 741 level is 825 or 270 degrees up from 741. We need to recapture 854 and hold to put the market back in a stronger position. Positive is my USO position and the action yesterday...it almost scored back to back outside up days. Again I use the numbers for guide posts not set in stone trading numbers...action at the numbers is the key. While i'm IT bearish nad LT bearish I believe we need to rally to set up the bigger down leg to materialize.

MON

Here is the pattern i'm looking for on the es

action today

We have a bottoming tail in place ...looking to enter on good action on the level stated

7th week

Morning gang

Tomorrow will be the 7th day from our pivot at 944....We are also in the 7th week from the low 741...You have heard me many times talk about the number 7 as a time of panic or change..Well the 854/850 area is clearly in play this am whith retail sales and earnings leading the news (news breaks with cycles)...Strategy today is the 854/850 level I have been watching to be flushed out and undercut with a quick reversal....The market turns on a dime most traders can't.

A quick review
Trend= down by looking at the monthly and now the weekly swing charts are down look to these for direction...Hit'em Hard

Why I took aapl at 88

notice the pullback to 88 or 90 degrees up from low

60 min looks better

es

Three drives to a low?

SD

Let's take a shot with SD here as we r near the 7.3 level or those who wish to play exact wait till that level...2 pt stop...half off +2

Looking for a good entry around 30.5

Morning

Morning gang!
As I have been looking for since I said watch the 944 level, we r in a pullback or coil in a ST bullish phase to 888 spx...If this is true I would expect us to find a low today as the close on Friday suggests a down open to find first hour low and recovery...I have been pointing out that the 850 area is 360 degrees up from low and would negate the bullish test if broken.... THe market will speak...Hit em hard

GS

He is a good chart to show different levels to look at ...this shows why I have my target on GS at 96-98 ...96 is 1080 down from the high and 98 is 540 up or a perfect cube...all about geometry...

sds-5min

notice the 944 square of time and price when the market turned on Jan 6 after the monthly chart turned up...think of a circle and you can see the bigger numbers 45degrees 180 etc....854 is 360 degrees up...we r at the 20dma or Holy grail now...hope this helps...this program is stockshare

You can see the level I used to enter at 33.25 which was a pullback from the 180 degree move up from the bottom... looking for reentry at 30.5 or 45 degrees up

update

back thru the upper orb would think we would get momentum to the downside into close

update

that mini 3 drive could spell a power surge down

Here is what I'm looking at

energy

XOM is hooking back thru its 200dma while this chart is breaking out of a power surge setup