Tuesday, January 26, 2016

NDX100: Outside- Down Day does NOT augur well for the Counter- Rally....

NDX100 Daily Chart @ Close 01/25/2016
Post last Wednesday's 'constructive' Daily Chart & apparent 'exhaustion' of Selling Risk Assets; today's Reversal NOT in the 'script' as CRUDE Oil turns sharply negative (it too scoring a Huge Outside Down Daily Chart pattern).
Another Test of the recent Equity Lows likely as the frustration continues so early into a New Year and we ALL become Oil Traders one way or the other?

Sunday, January 10, 2016

NDX100 Gap @ 4267 closed Friday; where to now.......3678?

NDX100 Weekly Chart @ Close 01/08/2016
Given the start to the Year & a near Record # of 'mulligan' markets together with the speed with which markets are moving; it's worth mentioning that pesky GAP from way back in mid- 2014 @ 3678......do we Fill it on this 'descent' or Fill the one above @ 4592.88 before the Main Show unfolds???
Ground Zero remains the 9:15am CNY Fix Monday; perhaps a Plaza Accord arrangement with some CB EURO & JPY Buying amid a serious USDCNY 'fix' beginning with a 7 would 'antacid' markets?

Tuesday, January 5, 2016

NDX100: "4267 Gap 'beckons' (S&P500 Gap @ 1951); that's where we're going in January."

NDX100 Daily Chart @ Close 01/04/2016
Whilst we Closed out our Tactical Short waaaay too early; for the sake of transparency THE WEEKLY (01/01/2016) made absolutely clear what our View was/ is (see post title).
That said & Monday's Trade has left an Indecisive (yes; indecision from the Open/ Close even with 2% losses) Daily Chart Pattern.
The LARGE Gap left behind from Thursday allows for some R&R higher before the assault upon 4267 resumes.
Matters Sino Job #1 of course & 'Ground Zero', how/ if/ when they re- open Stocks so so important now..... may we live in interesting times?

Friday, January 1, 2016

NDX100: TACTICAL Short Closed (residual 1/2) OUT @ 4622.

NDX100 Daily Intra- Day Chart 12/31/2015
After the 1st half of our Tactical Short (4686) was Closed @ 4571; 2nd half takes an 'Exit' @ 4622 upon closure of the GAP left behind in Santa's sharp & seasonal Rally (one that we had doubts about).
All 'Square' again into 2016 awaiting a Signal anew to initiate another Trade.
Happy New Year!