Diary of a Financier

Posts Tagged ‘Bullish’

Intraday update: SPY’s bottom is in; attention turns to upside target

In Capital Markets, Trading Desk on Mon 12 Feb 2018 at 10:23

The S&P has followed my gameplay to the letter.  After a ripping rally into Friday’s close and a gap-up upon today’s open, the chart is respecting its technical influences. Here’s the status update…

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Intraday update: Another bottom formation for SPY

In Capital Markets on Fri 9 Feb 2018 at 15:28

Here we go. The S&P chose the alternative path at the fork-in-the-road I discussed yesterday, which officially reached “correction” status for this quick drawdown.

While it was not my base-case expectation — but rather my bear-case — I discussed the potential for a daily H&S top breakdown to 255 support, which is exactly what happened. The trend repeatedly tested 255 throughout the day today, and it looks like that will hold into the close. So, without further ado, here’s the outlook…

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Intraday update: SPY moment of truth

In Capital Markets on Thu 8 Feb 2018 at 02:33

The S&P is taking another pass at that bottom I pointed-out earlier this week. As you can see below, the market will either breakout or breakdown from this juncture, although the overwhelming evidence suggests the bullish path…

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Intraday update: SPY bottom formation

In Capital Markets on Tue 6 Feb 2018 at 02:28

Right into it because we’re likely forming a short-term bottom in real time… Read the rest of this entry »

SPY update: Bounce off support with target @ 201.8

In Capital Markets on Wed 24 Feb 2016 at 18:09

On the heels of the outlook we posted yesterday, SPY has traded in perfect accordance with the technicals discussed therein. Here’s an update as of today’s close… Read the rest of this entry »

Squawk Box (January 19 – February 1)

In Trading Desk on Sat 31 Jan 2015 at 05:49

Here’s my weekly “trade & thought reconciliation”… Read the rest of this entry »

Chart updates: S&P and Russell

In Capital Markets on Wed 22 Oct 2014 at 15:46

Quick intraday chart updates for the S&P 500 ($SPY) and Russell 2000 ($IWM), just before the close today.  Basically, some 15-minute, tilted H&S bottoms are precipitating a downdraft in the broader recovery, which should bounce off a bottom before this weekend…

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The most important post on Europe you’ll read this year

In Capital Markets, Economics on Thu 9 Oct 2014 at 17:24

There’s a lot of bad news being thrown at the market right now.  Most of it is of the garden variety, those constant fixtures in the everpresent wall-of-worry.  Euroskeptics are perhaps the loudest of the lot right now.  This ilk is framing a much different narrative for Europe than objectively exists, but they’ve managed to talk-down European markets — not to mention the rest of the world.  ‘Uncertainty is the mother of opportunity’ (or something like that), and there’s a particularly attractive entry point in European equities right now.  We are buying Europe ($HEDJ)…

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Small cap buying opportunity

In Capital Markets, Trading Desk on Tue 23 Sep 2014 at 10:08

I’ve been monitoring the internal correction, which has Small Caps ($IWM) -2.5% ytd with the average stock in the Russell 3000 ($IWV) in a full-blown bear market — despite Large Caps ($IWB) being +8% ytd.  My multidisciplinary analysis yields a buy signal for IWM… Read the rest of this entry »

Bull v. Bear

In Capital Markets on Wed 16 Jul 2014 at 15:57

I’ve spent considerable time synthesizing all of the information I’ve consumed since my last “Bull v. Bear” entry, and enough has changed for me to render a new, timely, cogent market opinion.  The following signals-through-the-noise attempt to substantiate an objective, data-driven narrative that can guide me through the equity market over the coming days, weeks, months, and quarter…

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