Chart Swing Trader

Stock Market Video - Weekend Market Summary - 11/8/09

noreply@blogger.com (Mac) — Sun, 08 Nov 2009 22:48:00 +0000

Hi, traders. Here's a free video for the weekend - I don't have much time to make a longer, in-depth video so here's another freebie, although I do thank all of you who have purchased the pay version in past weeks. As I've stated many times this week, almost all signals are bearish for this market...

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State of the Market - 11/6/09

noreply@blogger.com (Mac) — Fri, 06 Nov 2009 20:50:00 +0000

In yesterday's post, I stated that "my guess is we do see a big move tomorrow, but I don't know which way it will be because it will likely be news-driven." Well, I couldn't have been more wrong, because although we had the news event early, the market did nothing of significance today after...

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State of the Market - 11/5/09

noreply@blogger.com (Mac) — Thu, 05 Nov 2009 21:00:00 +0000

We had another curve ball thrown at us today on Wall Street, as the very bearish reversal seen yesterday into the close was completely erased today and then some. Stocks started the day strong and after an initial burst, it stairstepped its way higher and finished at its highs for the day. ...

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State of the Market - 11/4/09

noreply@blogger.com (Mac) — Wed, 04 Nov 2009 20:51:00 +0000

We saw a messy day today on Wall Street, as the Fed decision had stocks moving all over the place in the afternoon, leading to a close that puts up a lot of question marks. The day started well and stocks were up strongly for the first hour and a half of trading. From there, they drifted lower...

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Some Random Thoughts After Going Through My Scans

noreply@blogger.com (Mac) — Wed, 04 Nov 2009 01:59:00 +0000

Had a little time to go through my scans for the first time in a few days and drew some quick conclusions..... My list of potential longs to watch (not buy, just watch) was cut in about half over the past week from around 400 to around 200. I could have cut it much further but gave some momentum...

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State of the Market - 11/3/09

noreply@blogger.com (Mac) — Tue, 03 Nov 2009 20:51:00 +0000

We had a choppy, choppy session today on Wall Street, but overall a slightly bullish one as stocks fought back against early selling to finish slightly higher on the day. The U.S. dollar was up big pre-market and with that, stocks opened lower to start the day. However, the dollar traded lower...

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State of the U.S. Doll..I Mean Market - 11/2/09

noreply@blogger.com (Mac) — Mon, 02 Nov 2009 20:55:00 +0000

We had another volatile session to start the week today on Wall Street, as stocks started strong, gave up all their gains by 2:00, but then bounced back to finish with some gains overall. The day started slightly higher, but around 10:00, there was a massive spike upward, with the Nasdaq gaining...

For the full article, please visit my website by clicking on the article title above.

Stock Market Video - Weekend Market Summary - 11/1/09

noreply@blogger.com (Mac) — Mon, 02 Nov 2009 01:02:00 +0000

Hi, traders. Here's a free video for the weekend - I didn't see a ton of quality plays out there so this is a shorter video and available to anyone that wants to check it out. I think we are in a position where a bounce is very probable and that's where I am going to wait to get short from,...

For the full article, please visit my website by clicking on the article title above.

State of the Market - 10/30/09

noreply@blogger.com (Mac) — Fri, 30 Oct 2009 19:46:00 +0000

Fun market, huh? A day after putting in a huge rally, the market absolutely tanked today, the second time this week. The market opened only slightly lower but steadily and methodically sold off as the day progressed. They tried to bounce things a bit into the close but really couldn't and...

For the full article, please visit my website by clicking on the article title above.

State of the Market - 10/29/09

noreply@blogger.com (Mac) — Thu, 29 Oct 2009 19:46:00 +0000

We saw an mostly impressive bounceback session today on Wall Street, as stocks gapped up to start the day on positive G.D.P. numbers and did nothing but move steadily higher after that. The gains were smooth and methodical as the session went on, and stocks were able to finish somewhat close to...

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State of the Market - 10/27/09

noreply@blogger.com (Mac) — Tue, 27 Oct 2009 20:14:00 +0000

We had a semi-negative day today on Wall Street, as although the S&P was down only slightly, the Nasdaq had another day of large losses. The market opened basically flat, but from there either moved mostly sideways (the S&P) or moved straight down (the Nasdaq). Volume came in close to...

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State of the Market - 10/26/09

noreply@blogger.com (Mac) — Mon, 26 Oct 2009 19:50:00 +0000

Well, if you watched this weekend video, you know that conditions were ripe for some more whipsaw action on Wall Street, and that's exactly what we saw today. Stocks started higher and things looked good for about the first two or so hours of trading. Right before lunch, however, the bottom...

For the full article, please visit my website by clicking on the article title above.

Stock Market Video - Weekend Market Summary - 10/25/09

noreply@blogger.com (Mac) — Sun, 25 Oct 2009 20:48:00 +0000

Hi, traders. Here's a free video for the weekend - I didn't see a ton of quality plays out there so this is a shorter video and available to anyone that wants to check it out. I think caution is the name of the game right now - as I show in the video, there are many negative divergences out...

For the full article, please visit my website by clicking on the article title above.

State of the Market - 10/23/09

noreply@blogger.com (Mac) — Fri, 23 Oct 2009 20:05:00 +0000

The "fun" (or should I say chop) continued on Wall Street, as following a bullish session yesterday along with very positive earnings news, the market fell flat on its face today. Pre-market futures faded pretty much the entire morning, and when the market opened flat, it put its highs in for the...

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State of the Market - 10/22/09

noreply@blogger.com (Mac) — Thu, 22 Oct 2009 19:51:00 +0000

The George Costanza market is back! After having an awful final hour yesterday that gave the market more distribution and convinced many traders (including me) that the market was in for more trouble, stocks did the exact opposite of what most people expected - they moved a good deal higher...

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State of the Market - 10/21/09

noreply@blogger.com (Mac) — Wed, 21 Oct 2009 20:09:00 +0000

Not exactly the best of days today on Wall Street, as an early rally was sold off hard in the afternoon and left stocks with another day of losses and put them right at key support levels. The day started well enough, as stocks rose steadily for the first two hours of trading. They pulled back...

For the full article, please visit my website by clicking on the article title above.

A Perfect Summary of The Current State of Affairs By Gary Kaltbaum

noreply@blogger.com (Mac) — Wed, 21 Oct 2009 02:07:00 +0000

I just caught Gary Kaltbaum's most recent column and had to post some of it here as I thought he pretty much summed up everything I think about on a daily basis as I watch what is going on in our nation's capital. I usually don't post or link to other articles, but I thought this was worth it. ...

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State of the Market - 10/20/09

noreply@blogger.com (Mac) — Tue, 20 Oct 2009 19:55:00 +0000

We did not see the most impressive follow-through to yesterday's buying today on Wall Street, especially in the face of good earnings from AAPL. Futures were up pre-market but when trading actually started, the market opened basically flat. They chopped around for about the first and a half of...

For the full article, please visit my website by clicking on the article title above.

State of the Market - 10/19/09

noreply@blogger.com (Mac) — Mon, 19 Oct 2009 19:45:00 +0000

A nice bounceback session today on Wall Street, as stocks fought back against some early selling and were able to post nice-sized gains a session after some heavy selling on Friday. Stocks rose sharply and steadily for about two hours this morning, but then moved basically sideways for the rest...

For the full article, please visit my website by clicking on the article title above.

Stock Market Video - Weekend Market Summary - 10/18/09

noreply@blogger.com (Mac) — Sun, 18 Oct 2009 16:25:00 +0000

Hi, traders - hope everyone is having a great weekend. Here's a 33 minute video that covers a wide range of topics. Topics covered include... Technical looks at the S&P, Nasdaq, and financials with key levels to watch highlighted.In-depth looks at crude oil and the U.S. dollar and where...

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State of the Market - 10/16/09

noreply@blogger.com (Mac) — Fri, 16 Oct 2009 19:53:00 +0000

It's the weekend - short post today. The action today looks bad on the surface but the S&P held the 1080 breakout level and the Nasdaq closed above the gap around 2155 so it really wasn't that bad today. Now if we get further selling Monday, then maybe things change, but as of now, today is...

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State of the Market - 10/15/09

noreply@blogger.com (Mac) — Thu, 15 Oct 2009 19:54:00 +0000

After a very important technical day yesterday, we had sort of a snoozer today on Wall Street, although the action was overall bullish. On some disappointing earnings news, stocks started the day lower, and actually fell to further lows by 11:00 after a short bounce. Stocks held there, however,...

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State of the Market - 10/14/09

noreply@blogger.com (Mac) — Wed, 14 Oct 2009 19:43:00 +0000

After two key earnings reports, the stock market broke to new highs for the year today, as both INTC and JPM impressed traders enough to get them to push this market past some key resistance levels. The market did gap up at the open and after a quick run up, things settled a bit. The...

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Some Longs to Watch If We Breakout Tomorrow

noreply@blogger.com (Mac) — Wed, 14 Oct 2009 00:51:00 +0000

Got some work to do in my basement tonight, so I can't put a video together, but if the Intel news carries over tomorrow and we do see a breakout on the indices, then these are the stocks I will be watching. I am still in my FAZ and SDS but could very well be out by tomorrow morning - in...

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State of the Market - 10/13/09

noreply@blogger.com (Mac) — Tue, 13 Oct 2009 19:51:00 +0000

Another rather "blah" day today on Wall Street, as the market seems to be in a small holding pattern here until the bulk of earnings start coming on and traders get a better picture of what to expect and how the market will react to the reports. Stocks pulled back at the start of the session,...

For the full article, please visit my website by clicking on the article title above.