Archive for December, 2006

Happy Holidays!

Friday, December 22nd, 2006

I want to wish everyone a safe and enjoyable holiday.
I will be out of office the week of 12/25 through 12/30.
See you in the New Year.

Weak Trading Day

Friday, December 22nd, 2006

The E-mini S&P 500 TFlow chart opened and sellers took charge. The sell volume line (red) of the TF5VCrs study did climb above the buy volume line (green). The market climbed following the early low, but the sell volume (red) stayed right with the buy volume line (green). Sellers were offering on the way up. […]

Signs of a Slowing Economy Bring Out Sellers

Friday, December 22nd, 2006

Equities started the day in the red, partially due to the non-defense orders ex-transportation of the durable orders report falling 1.4%.

The mid-morning RSI readings and the MACD study values from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are negative. The RSI readings for the E-mini S&P (EPH7), the NASDAQ […]

Precious Metals, Emerging Markets, and Retail Lead the Top Performing Exchange Traded Funds (ETFs)

Friday, December 22nd, 2006

Precious metals and emerging markets are in the top ten, as well as two retail ETFS. However, this morning, of the 228 ETFs I track, only 21-percent are up for the day. Excel is linked to CQG for the data.

Choppy Trading Day

Thursday, December 21st, 2006

The E-mini S&P 500 TFlow chart opened and the market edged up and through by a tick. I like to see a two tick break to be convinced it is not a false breakout. The market then reversed and made a new low for the day. However, the TF5VCrs study was headed down following the […]

Quiet Day Ahead of Holiday

Thursday, December 21st, 2006

Equities started the day with gains, but the volume ratios are indicating investors are not committed to either side of the market.

The mid-morning RSI readings and the MACD study values from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are slightly negative. The RSI readings for the E-mini S&P (EPH7), the […]

Mixed Set of Markets Lead Top Performing Exchange Traded Funds (ETFs)

Thursday, December 21st, 2006

There is a range of investor focus this morning in the ETFs. We see banking, Internet, small cap growth and country funds. This morning, of the 228 ETFs I track, 40-percent- are up for the day. Excel is linked to CQG for the data.

Quiet Start as the Market Holds at Resistance

Wednesday, December 20th, 2006

 

The E-mini S&P 500 TFlow chart opened just above a support zone and rallied to a resistance zone from yesterday’s high. The TF5Um5D study peaked and has rolled over. However, the buy volume line (green) and the sell volume line (red) of the TF5VCrs study are heading lower, indicating the pull back is on low […]

Merger Activity Continues to Boost Traders Confidence

Wednesday, December 20th, 2006

Equities started the day with gains. The tech heavy NASDAQ is outperforming the S&P 500, which is a positive sign.

The mid-morning RSI readings and the MACD study values from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are mixed. The RSI readings for the E-mini S&P (EPH7) and the DJ Euro […]

Emerging Markets and Technology Lead Top Performing Exchange Traded Funds (ETFs)

Wednesday, December 20th, 2006

Emerging markets are rebounding. Technology is also showing a strong start today. This morning, of the 228 ETFs I track, 66-percent- are in the black. Excel is linked to CQG for the data.

Thom Hartle’s View of Trading and the Financial Markets