Tag Archives: Technicals

Candlestick Cheat Sheet

Posted on May 4, 2018 by macromon

Hat Tip:  @WingGirlTrader  

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Russell Turns Up

Posted on August 9, 2014 by macromon

The Russell 2000, which was selling off while the S&P500 was making new highs, is behaving better and worth watching here as it has turned up before the other indices (see chart).  Whether this is just short covering or a … Continue reading →

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Nasdaq Key Technical Levels

Posted on August 7, 2014 by macromon

The Nasdaq is holding up better than the S&P500 and Dow, off only 3.37 percent from its recent high, and yet to test its 100-day.  The index has even yet to break its 38.2 Fib retracement of the April 15 … Continue reading →

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Gold’s Bearish Technical Setup

Posted on November 12, 2013 by macromon

We noted last month gold’s head and shoulders formation, which, at 125o-ish was met with a massive short covering schnapper.  Last week’s strong GDP and employment data seems to have changed the sentiment and moving up tapering and higher rates. … Continue reading →

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U.S. Equity Sector ETF Weekly Performance – May 3

Posted on May 3, 2013 by macromon

(click here if charts are not observable)

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Equities Approach Trend Support

Posted on October 10, 2012 by macromon

We’ve been out (golf trip) and totally unplugged for the past few days and come back to yesterday’s major reversal in Apple (see chart)  and a big flip in the polls in favor of Governor Romney.   Equities are selling off … Continue reading →

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Bid!

Posted on March 26, 2012 by macromon

The S&P5oo made a new post crash high, closing above 1414.  We’d like to make a small correction to our post this weekend on the S&P’s key levels, 1399.68– Thursday’s high.  Only a couple points higher, but a close move … Continue reading →

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Night Sweats of a Money Manager

Posted on October 21, 2011 by macromon

With about 40 minutes of trading, the S&P500 has pierced its 1230-33 resistance (which includes the 100-day moving average)  though has come in a little from its morning high.   Closing above the 100-day at 1232 will be an important win … Continue reading →

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S&P 500: Three Key Support Levels

Posted on May 16, 2011 by macromon

Looks like a test of the 5o-day for the S&P500 is a no brainer (we get nervous over this term) as we broke the weekly lows of May 6th.   If the 50-day doesn’t hold,  traders will likely close the April … Continue reading →

Posted in Equities | Tagged , , | 8 Comments

The Golden Technicals

Posted on November 15, 2010 by macromon

We closed out our gold position after last week’s failed bounced and ugly action. The trade is crowded and nervous about China tightening and European debt worries.  The levels we’re watching  to reopen the position is $1395 on the upside … Continue reading →

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