INDICES ARE FLAGGING
on Nov 16, 2009Tight consolidations on the indices, but like I mentioned before, they are all at different stages. Pay attention to any range expansions/contractions and breaks on either side.I just got back from LA. It sure was fun. I would write a whole blog post...

THE GOOD AND THE BAD / VOLUME + FOLLOW-THROUGH / HAPPY B-DAY IBC!
on Nov 12, 2009 in AIG AONE SPX Yesterday started with several losses (mostly from AONE) which were mitigated with one sweet trade in AIG in the afternoon. The TOL trade was peanuts. It pays to pay attention, you know. Below, I posted annotated charts with my AONE loss and my AIG w...

CHARTS GONE WILD - CHARTS FROM SHOW
on Nov 11, 2009...

FOOD FOR THOUGHT
on Nov 10, 2009Here is the SPX back in 2003-2004:Now, here is the SPX present:Let's add some blank days in there. We are forming this broadening wedge and it fanning out.Here's the DJIA - same thing.We are in a huge intermediate consolidation. That is all.

INDEX UPDATE: NEUTRAL-BEARISH
on Nov 9, 2009 in DJIA COMP RUT SPX Currently neutral-bearish. My sentiment has not changed and I believe the correction may take a while, but that's just my thoughts. What are we looking for?SPX - The 20-day MA test continues with a possible H&S pattern developing. The criteria is...

MORNING THOUGHTS (UPDATED WITH FSYS TRADE)
on Nov 6, 2009 in Morning Thoughts Yesterday's best trades were in WFMI and FSYS. I am nearing a 20% total portfolio gain for just this week alone and the week isn't even over yet. If you don't believe me, then obviously you're a nOOb reader in the CA Trading Room. I am the one and on...

MORNING THOUGHTS
on Nov 6, 2009 in Morning Thoughts Yesterday's best trades were in WFMI and FSYS. I am nearing a 20% total portfolio gain for just this week alone and the week isn't even over yet. If you don't believe me, then obviously you're a nOOb reader in the CA Trading Room. I am the one and on...

BEARISH / THE TRLG TRADE
on Nov 5, 2009 in DJIA COMP TRLG RUT IWM SPX Yesterday's big trades were in TRLG for me. It wasn't like the day before where I absolutely killed it, but nonetheless, I managed to hit TRLG twice and profit twice. The diagram of trades taken is pictured below. The green squares are short entry po...

FOMC DAY / SPX in DESCENDING CHANNEL + FLAG
on Nov 4, 2009 in SPX Thanks to everyone that watched the show last night. If you couldn't, it's in the Stocktwits.tv archives.I am undecided on direction for today simply because we have the FOMC announcement today at 2:15PM. I don't suggest trading prior to that announc...

DESCENDING CHANNEL
on Nov 3, 2009 in RUT SPX Below is the 5-day chart of the SPX with a 'extra day' added on for today. See the descending channel? Use that as your short-term guide.The RUT is now at the 100-day MA as it formed a doji yesterday. There wasn't much of a fight at the 50-day, so le...