Daily Log and Journal for 11/16/09
on Nov 16, 2009 in MDabbles SPX Pre-Market: Today looks up, as the SPX turned a white candlestick on Friday, fooling my forecast for a bearish day. The candlesticks forecast on 11/12/09 close was bearish, but we finished up for the day Friday. Today the forecast is bullish with a 5...

Daily Log and Journal for 11/13/09
on Nov 13, 2009 in MDabbles BEST SPX Pre-Market: Futures currently positive at 8:13 AM, but today looks bearish to me. I’m particularly concerned about what looks like a topping process in the $SPX (See the chart below): I could see as a possibility a pullback in the SPX to the...

Today’s Stock Market Commentary Per David Elliott 11.12.09
on Nov 12, 2009 in Handsome James AA AAPL AMD BA BAC BRCM DD DJIA GS IWM JPM QQQQ SP500 T Per David Elliott : Yesterday played out about how we expected. The DJ-30 hitting out upside trendline target of 10340 area. And the SP-500 and QQQQ making double tops; With the IWM, Russell 2000, failing the daily 50 Simple moving average, SMA. This...

Daily Log and Journal for 11/12/09
on Nov 12, 2009 in MDabbles Good Morning. Futures are Down at 7:56 AM, and world markets also down – the DOW world index is down -.36% as of 7:58 AM this morning. Bullish to Bearish Candles yesterday forecast this open with a reading of 11 bullish engulfing to 60  bearis...

Daily Log and Journal for 11/11/09
on Nov 11, 2009 in MDabbles Pre-Market: I had a friend who graduated from college a while back Cum Laude — I graduated, lawdy lawdy. Did I say that “B” word, as in “BULL”, yesterday?  Just about every domestic equity in my trading portfolio was do...

Daily Log and Journal for 11/10/09
on Nov 10, 2009 in MDabbles Pre-Market: Good Morning! It looks like we might be off to a slightly downward start at open this morning, with futures down and international markets mixed at 5:17 AM. This is supported by my 23 to 35 bullish to bearish candle indicator. However, do...

Today’s Stock Market Commentary Per David Elliott 11.10.09
on Nov 10, 2009 in Featured Handsome James DJIA IWM QQQQ SP500 Per David Elliott : MONDAY, NOVEMBER 9TH¡¯S MARKET UPDATE. Friday I said, My reversal of a bear position, at this time, would be a move over Thursday’s Index highs. So we made new highs Friday without correcting back to our breakdown targets.

Daily Log and Journal for 11/09/09
on Nov 9, 2009 in MDabbles Pre-Market: Good Morning! As I wake up with a cold this Monday morning, it’s extremely bullish out there. Last week the market shucked off a surprisingly high 10.2 % unemployment rate reading on Friday, and then threw us a curve ball by finishing u...

Win Tickets to CBOE’s 3Gurus+ Online 3-Day Options Conference – 2 Tickets to Give Away!
on Nov 8, 2009 in Featured Jeffrey Lin We have 2 Tickets to give away for this amazing event! 2 PEOPLE WHO GETS THE MOST RETWEETS WINS 1 TICKET EACH DEADLINE: Monday, 11/9/09, 10AM Eastern. INSTRUCTIONS: 1.  Visit event page 2.  Think of a creative TWEET about the event 3.  MUST INCLU...

Daily Log and Journal for 11/06/09
on Nov 6, 2009 in MDabbles IDX Pre-Market: 10.2% — wow. This is higher than consensus estimates of unemployment 0f 9.9% to 10.1%. I can’t image the market today taking this as a positive sign, perhaps another big selloff Friday. However, the market has been known to th...