Wall Street Weekend Update for 10.16.2011 we look at the S&P 500 Index, Gold & US Dollar

The market is showing Bullish signals in the S&P 500 and Gold . I am looking to buy in the pull back. SPY, GLD, ES and GC.

The US Dollar is showing bearish signals. I expect it to bounce on or near the same time that the S&P 500 is to reverse. Then I would consider to short the EURUSD, UUP and DX.

Wall Street Weekend Update for 08.07.2011 we look at the S&P 500 Index

EXHIBIT 1.1: Weekly Chart (S&P 500)

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EXHIBIT 1.2: Monthly Chart (S&P 500)

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EXHIBIT 1.3: Daiy Chart (S&P 500 v. VIX)

From the weekly and monthly charts. It appears we are nearing a key support level shown the grayed box area. Well consider bullish trades near that price level. We have are Alert set at 1130 price level.

Wall Street Weekend Update for 07.24.2011 we look at the S&P 500 Index

EXHIBIT 1.1: Daiy Chart (S&P 500 v. VIX)

This past week we had the S&P 500 Index retest are major support level that was discussed in the past Wall Street Weekend Update of 07.17.2011

EXHIBIT 1.2: Daiy Chart (S&P 500)

With this past weeks successful trade performance of the S&P 500 Index. We are still expecting further upside this week for a retest of the prior levels of 1356

Wall Street Weekend Update for 07.17.2011 we look at the S&P 500 Index vs. VIX

EXHIBIT 1.1: Weekly Chart (S&P 500 Index)

The weekly S&P 500 chart above is appearing bullish.

EXHIBIT 1.2: Daiy Chart (S&P 500 v. VIX)

Since this Monday occurs after a Friday Option expiration day, we should expect a bullish bias open or day. When we view the chart above we may have the signals appearing.

The S&P 500 chart to the left appears to be testing a support level.  We have drawn a Fibonacci Retracement that is testing the 50% level for the last two trading days. The VIX on the right appears ready to pull back.

EXHIBIT 1.3: Daily Chart (S&P 500 Index)

Take a look at the chart above to locate the Consolidation range. Do you see it? I have highlighted it in gray. What INSIGHT do you get from this?

I look at it and see two things we have lining up here the Consolidation phase and the Fibonacci Retracement of 618%. That is a nice set up.

I like to see when we come down to this consolidation price level the VIX to show signals for a inverse signal and a candle that is a trigger to go long.

So keep a watch on the S&P 500 to retest the 1295 range.

At that point you might consider to SELL the SPY PUTS of the current month. Also you consider with this trade to place a second trades that is higher risk and Buying CALL options with a 90 delta or higher.

Use Proper Money Management Risk Manage, What is your maxima percent from your investment portfolio your risk in a single trade? ____ %

Entrée What method do you apply to decide an entry price? Retest of key Support or Resistance levels. Brake outs through Support or Resistance levels. Chart formation patterns or other.

Stops Do you place real stop or mental stops? Do you apply either a percent (%) or dollar ($) amount as your stop loss? How far from your entry price do you place your STOP LOSS?

INSIGHT: If you order gets filled then at the end of the day after the market close. Adjust your STOP LOSS . This would be repeated day after day ONLY if the position  has made a higher low for a long position or a lower high for a short position.  After some point and time your either going to have a profit locked in or been stop out for a small loss or a winning trade.

#1 Have a Plan of Action

Write out a plan

You can call it a Business plan, Game plan, Action Plan or what ever name you want to call in. Just do it first. Write out a plan.

Wall Street Weekend Update for 07.10.2011 we look at the S&P 500 Index v. VIX

The Yellow Horizontal Lines are prices levels pending retest. They may perform either as a Resistance or Support for those prices levels as well.

The Red and Green angle lines show the overall trend direction

Well watch for trades to act on if and when we have trigger signals during the price retest levels.

EXHIBIT 1.1: Daiy Chart (S&P 500 v. VIX)

EXHIBIT 1.2: Weekly Chart (S&P 500 Index)

EXHIBIT 1.3: Daily Chart (S&P 500 Index)

EXHIBIT 1.4: Hourly Chart (S&P 500 Index)

Use Proper Money Management Risk Manage, What is your maxima percent from your investment portfolio your risk in a single trade? ____ %

Entrée What method do you apply to decide an entry price? Retest of key Support or Resistance levels. Brake outs through Support or Resistance levels. Chart formation patterns or other.

Stops Do you place real stop or mental stops? Do you apply either a percent (%) or dollar ($) amount as your stop loss? How far from your entry price do you place your STOP LOSS?

INSIGHT: If you order gets filled then at the end of the day after the market close. Adjust your STOP LOSS . This would be repeated day after day ONLY if the position  has made a higher low for a long position or a lower high for a short position.  After some point and time your either going to have a profit locked in or been stop out for a small loss or a winning trade.

#1 Have a Plan of Action

Write out a plan

You can call it a Business plan, Game plan, Action Plan or what ever name you want to call in. Just do it first. Write out a plan.

Wall Street Weekend Update for 06.5.2011 we look at the S&P 500, US Dollar, VIX

EXHIBIT 1.1: Daily Chart (S&P 500 v. US Dollar Index Futures)

We expect further downside for the S&P 500 and further upside to the US Dollar this week. With our Trading Methodology and Money Management system. We would not consider to trading neither until they reach either a support or resistance level.

Since we have Options Expiration this Friday. We expect more then likely will have some sought of reversal this week. We have labeled in Red horizontal lines the support and resistance levels for the S&P 500 and US Dollar.

EXHIBIT 1.2: Daily Chart (US Dollar Index Futures)

In exhibit 1.2: we can see the US Dollar Index  is nearing a key Fibonacci Retracement level. We expect it to act as a resistance level as well.

EXHIBIT 1.3: S&P 500 Index (Weekly v. Daily)

We will keep a close watch on the S&P 500 as we near the 1250 support level.

EXHIBIT 1.4: Daiy Chart (S&P 500 v. VIX)

We will look for trading signals in the VIX when we are near the key support level in the S&P 500.

Wall Street Weekend Update for 06.5.2011 we look at the S&P 500, US Dollar, VIX, TRIN

EXHIBIT 1.1: US Dollar Index Futures (Weekly v. Daily)

In exhibit 1.1: We look at the weekly and daily charts of the US Dollar Index. We see that both show lower highs and lower lows  that create a bearish trend.

EXHIBIT 1.2: Daily Chart (S&P 500 v. US Dollar Index Futures)

In exhibit 1.2: The S&P 500 on the left and the US Dollar Index on the right. What we been expecting for some time now is for them both to trade in the same direction. We had this happen clearly the last two trading days last week. One might ask yourself which product will test higher prices first.

EXHIBIT 1.3: hourly Chart (S&P 500 v. US Dollar Index Futures)

In exhibit 1.3: We have used 60 min candles. The S&P 500 on the left we had a lot of inside bars form (blue) during Friday. One must wonder if those were traders taken profits, entry long positions or short positions.  The end of the trading session we closed just off the lows.

EXHIBIT 1.4: S&P 500 Index (Weekly v. Daily)

In exhibit 1.4: In the right chart we have the S&P 500 nearing a swing low, shown in the blue horizontal line. We  also had the S&P 500 build a resistance level shown in the yellow horizontal line.

EXHIBIT 1.5: S&P 500 Index (Daily v Hourly)

In exhibit 1.5: Looking at the hourly chart on the right.  A trader might wonder if we will build more of a base here and build cause for the next move in either direction.

EXHIBIT 1.6: Daiy Chart (S&P 500 v. VIX)

In exhibit 1.6: We have the VIX on the right chart, that may be showing a signal of a reverse move in the S&P 500.

EXHIBIT 1.7: Daiy Chart (S&P 500, VIX and TRIN)

In exhibit 1.7: We include the TRIN;

The TRIN, also known as the ARMS Index is an indicator that helps market players determine the internal weakness or strength of the market by measuring volatility through the flow of volume. The TRIN calculates the internals of the market comparing advancing issues with declining issues through advancing and declining volume. The TRIN determines if more volume is flowing into advancing or decling issues within the market where it derives it’s reading.

Wall Street Weekday Update, well look at the Big Picture.

This post includes chart of the following products; US Dollar Index, S&P 500 vs VIX, Gold and Oil.

Do to the time period to discuss these products, I can not make this happen now. But I put enough information in the charts for a wise chart reader to locate Support and Resistance levels. Then apply proper Money Management and Trading Methodology.

EXHIBIT 1.1: Daily Chart (UUP ETF vs. US Dollar Index)

EXHIBIT 1.2: Daily Chart (SPX vs. VIX)

EXHIBIT 1.3: Daily Chart (SPY ETF vs. SPX)

EXHIBIT 1.4: Daily Chart (GLD ETF vs. Gold Futures)

EXHIBIT 1.5: Daily Chart (GLD ETF vs. Gold Futures)

EXHIBIT 1.6: Daily Chart (USO ETF vs Light Sweet Crude Oil Futures)

Wall Street Weekend Update for 05.29.2011 we look at the S&P 500 Index

This Monday May 30, the U.S. Stock Markets are closed for Memorial Day

This Tuesday we will have the end of the month candlesticks completed.

This Friday we have on the Economic Calendar to include;

• Non-Farm Employment Change
• Unemployment Rate

We will be looking for some trades  in the $&P 500 and the US Dollar Index. Along with the spill over effect in other products Bonds, Energy and Metals,

How do you expect prices and trends to perform next week?

EXHIBIT 1.1: Daily Chart (S&P 500 Index vs. VIX)

In Exhibit 1.1 We have a split chart with the S&P INDEX to the left vs the VIX to the right. Ask yourself what is the current trend in each?

When viewing the S&P 500 Index, we had prices test above the last down red candlestick day and closed with a green candle today but failed to close above the high of the red candlestick.When viewing beyond the current trend of the last three days. We would say the current trend for the month has been down. When viewing the VIX chart we have had the VIX return to a support level.

Ask yourself, with this information alone what outcome do you expect in the S&P 500 Index  next week.

EXHIBIT 1.2: Weeky Chart (S&P 500 Index)

In Exhibit 1.2 The weekly chart of the S&P 500 Index  appears bullish.

EXHIBIT 1.3: Daily Chart (S&P 500 Index vs. US Dollar Index)

In the next post well discuss the US Dollar Index as shown in exhibit 1.3; along with Energy and Metals products.

Wall Street Weekday Update, we look at S&P 500 Index vs. VIX! (Update 1)

EXHIBIT 1.1: Daily Chart (S&P 500 Index vs. VIX)

Since are last post of in the S&P 500 index See prior post @ this link. We had the S&P as expected some attempt for further down side test.

During yesterday price action and this mornings. As we mention in the prior post we expect some bullish bias to occur this week. Since next Monday in the United States is the holiday of Memorial Day , The U.S. Finance Markets  are closed as well.

We hope those that took the oppertunity to trade long the “SPY” yesterday or this morning, have applied proper money management.

Since today is Friday we will have the weekly candles completed at the market closed today. This will show better insight of the markets.