Wednesday, March 26, 2014

I Hate Record Highs

I hate record highs because it seems traders are reluctant to go into uncharted territory. But in any case, despite the sluggishness in activity, there is still money to be made. I have not put any notes on today's charts. They are pretty self-explanatory. We have been going sideways and we may continue. Hopefully we'll get a break -- either way -- up or down. For some fast money.





Friday, March 21, 2014

March 21st Quadrupel Expiration

We're in record territory and dealing with skittish traders. Today was another waiting game for the best moves. The well announced sell off came just before noon and lasted for hours.






Thursday, March 6, 2014

The Wall of Worry

This buy signal on the monthly chart is almost scarey. We're just beginning a new push higher without any significant corrections. We're witnessing something that's very rare.