
Monday, August 31, 2009
Freddie runs into major resistance

Euro likes daily pivots

Thursday, August 27, 2009
HGSI is a 10 bagger
S&P monthly pivot tough

Traders in my trading room have been shorting the monthly r1 pivot.
Wednesday, August 26, 2009
S&P targets

Tuesday, August 25, 2009
Home Prices still going down
I find it funny that some say the housing market has now bottomed, based on today's news.
"The S&P/Case-Shiller home-priceindex declined 15.4 percent from a year earlier, the smallest drop since April 2008, the group said today in New York."
When we start hearing or read that home prices fell less than 1% year over year, then and ONLY then will we start to form a bottom! There is no bottom when prices are still falling 15%+.
Monday, August 24, 2009
Natgas likes monthly pivs

click on the chart for a larger view
Sunday, August 23, 2009
Crude oil @ resistance?

S&P 20 month chart
click on the chart for a larger view
Sunday, August 16, 2009
On hiatus this week
The market the past 2 weeks has been hitting it's head at key resistance ie: the 38% fib and yearly pivots on the Dow and S&P. The NASDAQ is hitting the 50% fib. This coming week is August expiration. Look for wild price swings this coming week.
Tuesday, August 11, 2009
XLF

click on the chart for a bigger picture.

GOOG went up to the yearly R1 pivot(purple line marked R1), and the Monthly R1 pivot(green line marked R1) at $465 last week, and investors/traders took profits there. Remember R pivots = resistance(sellers), and S pivots = Support(buyers). The 20/21 day moving averages(yellow lines) are still pointing up, but you have to respect the pivots. Those yearly/monthly R1 pivots at $465 could be Googles high for this year!
Saturday, August 8, 2009
Euro monthly pivots working
crude oil at resistance
Nazdaq hitting a wall
Wednesday, August 5, 2009
S&P futures hits yearly Pivot

Tuesday, August 4, 2009
Levels to watch
we are at or very close to some major pivots and Fibonacci numbers:
PIVOTS
Dow Yearly P = 9364
S&P futures Yearly P= 1005
FIBS(from Oct '07 to May '09)
Dow 38% fib=9420
S&P 38% fib=1014
Nazz 50% fib 1630... we are there now
S&P 200 month average=1014
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