Restoration of order..maybe…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=9&dy=0&id=p53507150799&a=214966864 Frightened by the proximity of the trendline prices rebounded -- even with fake tweets bombing the market for 4 minutes.  WE now have three days of strong rebound.  The…

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Change of context…clown show over… for now.

http://stockcharts.com/h-sc/ui?s=TLT&p=D&yr=2&mn=0&dy=0&id=p88954422605&a=261274354 TLT is a bag full of technical events. First the long term trendline from July 11 is broken. Second, a toppy formation as defined by the horizontal line looks…

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Busy, busy, busy…

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p97142210271&a=214966864 We are lifting our hedges and observing a couple of signals.  First, above the basing point has advanced in the SPX, and so  the stop has advanced, as drawn. …

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Waiting for confirmation … or Godot

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p20970412253&a=266691158 It is impossible to look at this chart and see anything but bull market going to new highs.  At the same time the breakout above the April highs waits…

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Rocket ship? Mood change?

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p68983365835&a=214966864 In a trice the market mood changed Thursday and Friday.  Prices tore through the previous high Friday on strong power bars.  It took 2 days to recover a nasty…

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