Thank all of you for your kind words and good wishes. Heartwarming, to say the least. On Tuesday evening about 5:00pm I suffered an acute attack of diverticulitis. I will spare the details, but it was gruesome. and the absolutely [More]
The Nasdaq hourly is now LONG, which should come as no surprise. All Long trends are benefiting from the tepid strength so far today, but momentum and volume are not matching the rise in prices, usually the sign of a top. [More]
Below are hourly charts of SLV and VXX. Note that the VXX_Hourly reversal level is 22.49 this morning. It seems to me that VXX really wants to go LONG, so head’s up.
New Daily Signals Added PBKEF to Stocks Portfolio. Allan’s Market Analysis With today’s Fed inspired strength, our DJIA Daily LONG signal is now up about 10% since the November 30, 2011 LONG signal. SPX is up about 13% and Nasdaq [More]
New Daily Signals None. Allan’s Market Analysis Keeping with my policy of not wasting your time or cluttering your mailboxes during trading hours when there is nothing happening in the market and no trading opportunities, you didn’t hear much from [More]
VXX Hourly will reverse LONG if above 25.11 at 10:30 EDT. VXX Daily remains LONG from its February 11th signal.
With 90 minutes to go before the close FCX looks to be reversing short today, although we really won’t know for sure until the close. To be fair, I want to disclose what I am about to do about it. [More]
New Daily Signals VXX_240 ——->SHORT Allan’s Market Summary A subscriber (thanks, ET) writes today: The trading rules seems simple enough (per the tutorial page) at the reversal price, go long or short, but in your email today regarding VXX, you [More]
A subscriber asked for a BVSN update, so here is a follow-up to Tuesday’s post of the 30 minute BVSN chart. At that time, BVSN_30 was SHORT @ $23.63 with an indicated reversal LONG @ $24.62. It broke through that [More]