S&P Intraday Bias 2/29/12

At 10:00 AM, the bias is overbought, suggesting sell on strength.

Update, 12:35 PM, (after selling off from overbought) the bias is now negative, suggesting sell the rallies intraday.

i will not be around to post on 2/28/12

S&P Intraday Bias 2/27/12

At 10:10 AM, the bias is positive, suggesting buy the dips intraday.

Update, 12:02 PM, the bias has weakened to neutral. Hold.

S&P Intraday Bias 2/24/12

At 10:14 AM, the bias is positive, suggesting buy the dips intraday.


Update, 12:27 PM, the bias has weakened to neutral.

S&P Intraday Bias 2/23/12

At 9:55 AM, the bias is negative/oversold, suggesting buy on weakness.

Update, 10:53 AM, the oversold condition has been relieved. Hold.

S&P Intraday Bias 2/22/12

At 10:00 AM, the bias is neutral, suggesting consolidation.

Update, 1:21 PM, the bias is now negative, suggesting sell the rallies intraday.

SP 500 intraday bias 2/21/12

At 10:00 AM the bias is negative, suggesting sell the rallies intraday.

will not be around to post 2/17

Significant Top in Apple, Inc. (AAPL)

Above is a daily bar char of Apple's stock, AAPL. The price action is a text book example of a trend reversal formation. I am sure many others have pointed this out. Most notably, a parabolic rise ended with a bearish-engulfing candlestick pattern. Notice that the volume on the most recent red candle is far greater than any preceding day in the chart. This evidence suggests that AAPL is going to correct significantly. However, often in these patterns, the previous high is visited before a larger drop; so, prices may return to the $530 area first. 

S&P 500 Intraday Bias 2/16/12

At 10:07 AM, positive, suggesting buy the dips intraday.

Update, 2:32 PM, the bias has weakened to neutral.

S&P 500 Intraday Bias 2/15/12

At 10:37 AM, still no clear signal.

Update, 12:58 PM, reaffirming, no clear signal, but "negative" is starting to emerge.

S&P 500 Intraday Bias 2/14/12

At 10:07 AM, the bias is negative, suggesting sell the rallies intraday.

Update, 12:30 PM, the bias has strengthened to neutral.

S&P 500 Intraday Bias, 2/6/12

At 9:49 AM, the bias is negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias, 2/10/12

At 10:02 AM, the bias is negative, suggesting sell the rallies intraday.

Update, 11:11 AM, the bias has strengthened to neutral, limiting downside.

will not be around 2/9/12 either

not around today, 2/8/12

apologize for the late posting

S&P 500 Intraday Bias, 2/7/12

At 9:50 AM, the bias is Negative, suggesting sell the rallies intraday.

S&P 500 Intraday Bias, 2/6/12

At 10:10 AM, there is no clear signal.

Update, 12:15 PM: the bias is now neutral, suggesting consolidation.

Update, 1:13 PM: (wacky day), the bias is now positive, suggesting buy the dips intraday.

S&P 500 Intraday Bias, 2/3/12

At 10:25 AM, the bias is positive, but I believe that signal is concurrent with the market strength, so I would hold.

S&P 500 Intraday Bias, 2/2/12

At 10:00 AM, no clear signal.

Update, 12:13 PM, the bias is now Negative, suggesting sell the rallies intraday.

Happy groundhog day!

S&P 500 Intraday Bias, 2/1/12

At 10:00 AM, the bias is Negative, suggesting sell the rallies intraday.