Thursday, December 31, 2015

Here's How They Look

Although there is still one more trading session left in 2015, here is how the market indices look as of the last trading session in 2015.

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Wednesday, December 30, 2015

This Looks Like A Top

Lots of people been calling the start of a bear market and saying the market has topped. From what I have seen in the past, the current price formation on the SPY chart doesn't look like a top to me.

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Tuesday, December 29, 2015

Still On Path

On December 1, 2015, I've posted a chart of the Nasdaq 100 ETF, QQQ highlighting the trajectory to the 2000 tech bubble high. Here is an updated chart of the QQQ showing it is still on path toward the all time high level at 120.50. From the chart, barring any black swan event, one can estimate the target will likely be hit in January or early February of 2016. This historical milestone might trigger a climactic move that could resulted in a major market reversal.

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Monday, December 28, 2015

Another Round Of Holiday Cheers

For those that were waiting for Santa’s rally last week were not disappointed. Santa arrived just in time to spread the holiday cheers before Wall St shuts down for the Christmas holiday. Now Christmas had passed and the New Year is approaching, Wall St is getting ready for another round of holiday cheers to welcome in 2016.

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Saturday, December 19, 2015

Still Waiting

Last week, the FED raised the Fed Fund Rate for the first time in more than 7 years, and the market around the globe rallied off that news until it got back to NY the follow day, then a funny thing happened, the market started to fall. It gave up all the gains from the rate hike rally and more, and the SP500 had an 83 point swing last week and ended the week at 2005.55, a loss of 6.83 points or 0.34% from previous week. As Christmas holidays approaching, market participants are still waiting for Santa to show up and sprinkle some holiday cheers to get the end of the year rally going. Looking at the recent internals, there appears to be some divergence that could be pointing to a Santa's Rally to commence very shortly, just in time before the holiday break.

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Wednesday, December 16, 2015

FED Decided To Hike

The FED has decided to hike the rate by a quarter of a percent, 0.25% today. The market has essentially pinned the FED into the hole it has dug for itself, and it is more like damn if you do and damn if you don't. The FED didn't have much of a choice but to raise even with the backdrop of an impending recession. Now the market will celebrate for a while until it realizes the potential ramification of the rate hike will have on the economy. For now, it's onward to 2016 and Santa rally time!

Here are some DOW stocks you might want to watch for possible year end move.

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Tuesday, December 15, 2015

Market & Stock Updates - 12/15/2015

Here is a look at some of the levels for the market indices and momo stocks before the interest rate annuncement from the FED. Stocks being covered in the video are: AAPL, FB, NFLX, AMZN, GOOGL, BABA along with these index ETFs: SPY IWM & QQQ.

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Sunday, December 13, 2015

Oil Prices

Everyone is calling for lower oil prices and with the level on oil inventory along with 'don't stop the pump' from Saudi Arabia, it is logical to expect lower prices. After all, it is the first law of economics; supply and demand! But as most things in life, it is not so black and white. There are always external factors that make everything ideal to be more reality, some people call them second order effects and I call them unintentional consequences. Whatever one might call these external effects, they do alter the pricing equation based on supply and demand. For oil, it is what one might call "Geopolitical effects."

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Friday, December 11, 2015

Hike Or No Hike

If you have listened to all the talking heads speaking about the possibility of a rate hike from the upcoming FOMC meeting, you might have walked away thinking the rate hike from the FED is a foregone conclusion. After next Wednesday, it will be a foregone conclusion on whether the FED did or did not hike the interest rate. But in the meantime, here are some charts for you to muddle a bit and see if indeed it is a foregone conclusion that the rate hike is imminent.

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Tuesday, December 8, 2015

Are You In?

Looks like not everyone is in on the rate hike. Are you?

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Gold Miners Updates

Here are the updates for the miners that were discussed in this post "Gold Miners" for possible swing long. Click on the chart to enlarge the image to read the commentary.

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Sunday, December 6, 2015

Market Updates - 12/6/2015

As the last FOMC meeting for 2015 approaches, the market will once again try to position to what it believes to be the probable interest rate move from the FED. Next week the retail sales & consumer sentiment report will give the market a glimpse on how the Christmas season might turn out for the retailers.

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MOMO Stock Updates - 12/6/2015

In this video, a review of the recent price action and the price levels to watch for the following stocks: AAPL, FB, AMZN, NFLX, GOOGL, TWTR, TSLA, IBB, BABA.

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Friday, December 4, 2015

Market Update - 12/3/2015

Market continues its pullback and testing its near term support. On a larger time frame, the market still appears to be trending higher. Signs of weakening breadth started to appear, but the presence of weakening breadth doesn't mean the market cannot continue to move higher. The market typically halt its ascend after a euphoric or a climactic move followed by a narrowing one last grasp of a new high. At the present, the market appears to be setting up for a euphoric move more than it appears to be setting up for a roll over. In regardless what the market breadth is saying or whatever the fundamental is projecting, the price behavior will ultimately inform the attentive participants what lies ahead.

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Thursday, December 3, 2015

Gold Miners

Recent low made by some of the gold miner stocks could be setting up for a bounce back toward previous pivot high. Here are a few of these mining stocks.

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Tuesday, December 1, 2015

New All Time High For MSFT?

Will MSFT make a new all time high when the QQQ tag the tech bubble high? Here's a monthly chart of MSFT. You make the call!

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How's Russell?

Here is a weekly chart of the Russell 2000 ETF, IWM. How does it look to you?

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What Do You See?

Here is a weekly chart of the SPY with a revised price channel extending from 2009 to the present. What do you see? An imminent breakdown or a potential new high?

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Trajectory: Tech Bubble All Time High

Here is a monthly chart of the QQQ showing it is on a trajectory toward the tech bubble all time high made in March of 2000.

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