Blog Archives

The Week in Crayons

While we spent the better part of this week in an uneasy sideways jitter, the overall price action has to be viewed as a negative considering where we stand in the markets right now in relation to the several key

Posted in Blog, Charting & Analysis, Charts, Commentary, General Trading, Stocks, The Week In Crayons

The Week in Crayons

I heard/read a few traders this week allude to “bear market trading” during discussions of swing trades in the current environment, and while we certainly have had some weak action over the last month or so, it is WAY too

Posted in Blog, Charting & Analysis, Charts, Commentary, General Trading, Stocks, The Week In Crayons

In the Spotlight — WFC

In early August, Wells Fargo and Company (WFC) broke out along with the markets and surged to new multi year highs. Over the last couple of weeks though, just like the markets, WFC has pulled off of those highs and

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The Week in Crayons

For the first time in several months, we saw signs of distribution in the markets crop up early this week as supply finally over came the incessant demand that has supported us during our current environment. I mentioned last week

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The Week in Crayons

Despite spending most of the week drifting lower in the markets, we remain somewhat close to our recent highs as the sellers continue to have a difficult time pushing the action southwards. Overall, our recent action has the look of

Posted in Blog, Charting & Analysis, Charts, Commentary, Featured, General Trading, Stocks, The Week In Crayons

The Week in Crayons

I mentioned a couple of weeks ago that we were at an inflection point in the markets as we concluded the consolidation phase we were mired in for most of the summer and looked to begin a new phase of

Posted in Blog, Charting & Analysis, Charts, Commentary, General Trading, Stocks, The Week In Crayons

The Week in Crayons

One of the keys to watch for during this week was how the markets would react to the push we had last week up to our 2012 highs in many of the broad market indexes. Would we blast through resistance?

Posted in Blog, Charting & Analysis, Charts, Commentary, General Trading, Stocks, The Week In Crayons

The Week in Crayons

After almost two weeks of drifting sideways with no real movement, the markets closed the week by pushing higher and finally challenging the year’s highs we printed back in April on most of the major market indexes. Despite the corrective

Posted in Blog, Charting & Analysis, Charts, Commentary, General Trading, Stocks, The Week In Crayons

The Week in Crayons

Although we pushed past last week’s highs on most of our broad market indexes, there seemed to be an undertone of negativity surrounding the markets this week as we continue to press higher despite the continued lack of any confirmation

Posted in Blog, Charting & Analysis, Charts, Commentary, Emini Futures and Russell Futures, Futures, General Trading, Stocks, The Week In Crayons

The Week in Crayons

The markets celebrated the open of the 2012 Olympics this week by creating their own event, the Bear Toss as we rallied past three weeks of neutral trading that appeared to be culminating with a short term double top with

Posted in Blog, Charting & Analysis, Charts, Commentary, Emini Futures and Russell Futures, Futures, General Trading, Stocks, The Week In Crayons