Monthly Archives: January 2011

SPY made a new high today at 130.35

Feels good right?  It also appears like a late stage failed breakout.  Time will tell and tops can take many weeks.  Big yellow flag when you make a new high and fail that day below the prior days low.  For … Continue reading

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We are going to get a weekly key reversal on the almighty aapl

We went above the previous weeks high of 348.48 and this weeks high was 348.60 and we look to close below last weeks low of 337.17.  This is especially concerning due to Apple being 20% of Nasdaq 100 and it … Continue reading

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Pretty bad 2 days for the spoos – SPY

This is not a good earnings season reaction, but it is just off the highs.  50 day simple moving average could be in play at 123.57.  Looks like we just bounced off the 20 day within .02 cents at 127.11.  … Continue reading

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Silver just had a weekly key reversal last week

Last week silver went above the previous weeks high but closed below the previous weeks low.  Usually bad.  Target of 25 bucks.  My favorite miners CDE, HL, PAAS are down big already this year!

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Don’t like the action is some of these retail leaders

Need to be careful with these for now at least, they could be just fine a year from now but you don’t know that right now.

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What keeps me up at night (if long)

As everyone is now feeling giddy with the year opening gap up yesterday, it is good to always keep track of what the other side is saying.  This is a great illustration of why things may not be as good … Continue reading

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