Tag Archives: S&P500

Doji City At The 200-day

Total indecision in the S&P 500 price action at the 200-day moving average. Very similar to past short-term peaks but if it were that easy,  we’d all be eating caviar on our yachts. Impressive that market doesn’t break.  No sellers. … Continue reading

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S&P500 Key Levels

The S&P closed right at or just a smidgen above its 200-day moving average.   The market rally based on a government shutdown deal?  Come on, man! Another government shutdown wasn’t priced, so why should stocks move on a deal? We … Continue reading

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BFTP: Call Me Comrade!

BFTP = Blast From The Past Does it ever change? We were going through some old posts this morning and came across this pearl from over eight years ago.   Charges of socialism were also polluting the political environment back then … Continue reading

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The S&P’s Moment Of Truth

Can it really be this easy?  Another Bull Trap With A Doji On Top? If this bear market repeats or even rhymes with its recent history, here is the scenario: Wednesday:  The S&P500 trades through its 200-day moving average and … Continue reading

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The Clash of Generations, Fed, China, And The S&P500

We begin the new week with the S&P500 up over 15 percent from the December 26th intraday low at 2346.58 and sitting right at the 100-day moving average (2710.88) and the key .618 Fibo retracement at 2713.88.    Last weekend … Continue reading

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S&P500 Short: Update

Selling 5 contracts at the open of the overnight session.  Back to you with levels. Update:    Sold 5 March S&P e-minis at 2635.50.  Stop at 2680.00. Comment: Looks like good news on China deal is pushed out,  less of … Continue reading

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S&P500 Key Levels

The S&P gave up 22 percent of its 6.54 percent YTD gain today. We nailed it in our 3 AM post, The Increasing Risk of A Major China Trade Debacle, Look to the government shutdown as your template as to how Trump … Continue reading

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S&P500 Key Levels & Gravestone Doji

Today’s price action and candle look sound as closest like a bell ringing to sell the S&P as you are going to get.   Yes, we jumped the gate a bit early in our recent short and are very cognizant the … Continue reading

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Stopped Out Of Pound And S&P

We are out of our S&P short at 2604.  Totally mistimed the positive China stimulus rhetoric overnight.  Can’t win them on.  Clearly, new market psychology for new.  Look to sell higher unless decisive break about 2650.   On to the next … Continue reading

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UPDATE: S&P500 Short

If you missed it, we sold five S&P500 e-minis at 2582 into the close.   The Doji like daily candlesticks over the past few trading sessions was our sell signal.  Note Doji’s have been the closest to ringing a bell at … Continue reading

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