Market Diary

HAVE A GREAT WEEK END.

Last 5 minute's move was insane. I think it is unhealthy. I am still expecting market will move down unless "market break UP 930 level"

Helloo.. VIX call volume increasing unusually and there are no Put interest at all 37- 50 level vix Before June 19 TH Hello anybody Home ? !!!

I won't long anything in this junction, rather short some call spreads on resistance and let theta work for me. Something coming in, be prepared.

Market turning around ? As long as Spider not break 878, this market will be sideways.. 3 steps down One day elevator to UP.. :)

Who ever bought in the first couple of hours made money today.. from early noon onwards market was choppy. Even though today was bullish, you can see from my chart Trend,Volume and William % R are down trending..

A Bearish butterfly pattern is forming in SPY

DON'T SURPRICE IF MARKET TURN AROUND LIKE THIS ..!!

I am seeing a force attractive repel pattern forming in the market in near term. What it will do is price attract to higher region of the energy point and make half circle and repel from the energy point to down wards.

3 day weekend is coming.. nobody will not take risk to hold equity on this choppy market. we can expect some sell off tomorrow

If anybody is following shadow trader kind of piviot calculation, I wrote a script to automate this piviots. ( You can find this in my previous posts)

Due to new political situation, India is progressive market for investing। How can you take advantage of this BOOOOM। Invest in Indian Stock Market हिन्दुस्तानी दलाल मार्केट में निक्षेप करो (Hindi) ഇന്ത്യന്‍ സ്റ്റോക്ക്‌ മാര്‍കെറ്റില്‍ നിക്ഷേപിക്കൂ (Malayalam)

Smart money index is going down from mid of April , As you can see market is following mirror image. (Almost)

Today was intersting.. Bear took control from 1.45 CST onwards. This was second day people are selling on or towards close. some thing smelling fishy.. Careful.. any neg.. news can sell off ..

I think something BIG is smoking . Institutions need more money to cover up. so they are selling thier assets to cover up that, and saying to pay back to Uncle SAM !! What you think ?

Today's 2 O Clock sell off is kind of "Take the profit and run" approach.

Tomorrows energy chart is down ..

Now markets behavior is like this. It is kind of bullish, today's UP movement nullify 3 days down movement

Eventhough volume was very low breadth stayed UP all day long today.

If market break UP tomorrow towards 915 area Williams % also wil go Up towards -10 area !! means Bullish Bullish .. Can go towards 200 MA 943 level.

I think Bullish butterfly pattern could be a possibility. That means market will be a short term bearish and could go to, towards 1000 in S&P after this summer.

???????

As far as Bulls don't want to leave, most probably couple of days UP and break down the the trend line of 880.

PPI and Jobless Claims are very important

There is a support on 883 in S&P, that will lead market go sideways tomorrow, instead of go down. All depends up on tomorrow's News.. Like this moring future was down only 9 points until 7.30, when news came out with weak retail sales, future trun down from 9 to 15 !!

When I saw today's breadth, I would like to share with. I didn't see like this straight low breadth in NYSE and NASDAQ This is seriously BEARISH

When I created a mirror image of Spider from last year, I got the posted chart. It is working exactly from March 6 th low. If market is progressing like this it will be a big reverse H&S and we can see 100 in SPY before end of this year.

Following dates are possible turning dates 5/14 6/10 6/30 7/08

MACD and Stochastics are turning down !! Is this for real. or pickpocket movement and rip up on your face. ?

Even though market was down about 20 points in spider, it was a sideways day.. No Gap fill UP or rip down. As far as no news for coming weeks, I am thinking market can slowly go down towards 874 or even 823 level, If Bullish bias is still holding.

I just want to leave this moon chart in this post.

Even though S&P 500 down 12 points, it was not enough to break the trend. Wait for couple of hours and let us see how market react with stress test results !!

If we hold towards UP side 950 will be next target. Fed Leaking the stress test news to price in the market. so most of the stress test news is priced in the market. I am feeling when they officially publish the news market will sell off "Buy the rumor and sell on the News"

S&P is showing strength and didn't sold off even though market breadth stayed most of the time negative territory, VIX is its lowest level after long time (33.36)

Correction is over due.. ? Yes I think so. When it come, it will be very fast. don't hesitate to react. I am seeing an energy variation from tomorrow onwards to mid of June. When we read this with all technicals and News.. We can expect a correction this week. I think for Uncle SAM, stress test result publication is becoming more stressfull right now !!

Spider wiped out all the losses for 2009 end of today’s close.. Are we going UP from here .. or start make new losses ? S&P Closed to 907 . 666 to 907 =241 points UP !! Technicals are in new level, If market hold, this will be new support.

Bulls try to Push and Bear Pulled back formed a nice “Gravestone” Doji

(C) Barrons

Bulls try to push over 875 area and didn’t go through. This is second time. Bulls don’t want to give up.

Market started down - Pop up and rolled over towards close. Tomorrow as well I am seeing a sideways to down day. Heads UP : Be careful on Thursday onwards to May 6-7 TH. Market could roll over hard.

Today was scalpers day about 20 points roundrip and down by 10 points. I think tomorrow will be an inside day

Today end up with Doji. Bulls sre not ready to give up even though they cannot push towards new highs after 6 weeks. Similar current doji I noticed week of Sep-15 in 2008 on resistance.

BAC and Citi Bank showing bearish pattern