Monthly Archives: December 2014

S&P update

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The S&P 500 (ETF Proxy – AMEX:SPY) bounced right at daily 50 SMA as forecast.   The radical spike you see is the result of a “fat fingers” buy for some 200 million which fired right at the close and caused chaos.  I’m happy to be neutral for this market until there is more clarity in…

The S&P 500 has pulled in rather dramatically

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The S&P 500 (ETF Proxy – AMEX:SPY) has pulled in rather dramatically last week, and closed out right near the support offered by the daily 50 SMA.   I would expect to see a bounce now and a double top or perhaps a lower high form… As I said last week, I am stalking an entry…

The S&P 500 remains in this weird holding pattern

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The S&P 500 (ETF Proxy – AMEX:SPY) remains in this weird holding pattern that has become the norm recently after a big POMO rally.  I would expect to see price drift down to the 20sma (blue line), then whipsaw back to the highs before price can truly correct.  It remains a market without much interest…

The FTSE 100 demands a careful approach during the next couple of weeks

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The FTSE 100 has settled in a broad sideways formation for the past few weeks, trading between the 6,650 and the 6,750 points levels. This was the aftermath of the previous uptrend that has led the UK index to such highs but this uptrend is long gone now and the question that needs to be…

Bo Yoder 3D Apex Trading US Update

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The S&P 500 (ETF Proxy – AMEX:SPY) is just hovering near its highs after the energy from the last central bank intervention burned itself out.  I see no real trading opportunities in the index itself, and am in a holding pattern as I wait for the holiday doldrums to begin as we head into the…