Following on from last week’s note about railroad tracks, here’s a quick follow up. For avoidance of any doubt, our bread and butter trading is using the OVI for breakouts and continuation patte…
OVI Market Round Up This is an email with lots of charts, something we will be doing more of very soon. Ok, first for the indices. Starting with the DIA (DOW ETF) which we d…
VIX at 5-Year LowThe VIX (Chicago Board Options Exchange Market Volatility Index) is a measure of the implied volatility of the S&P 500 index options. It represents one measure of the m…
OVI HighlightsEarnings is almost upon us, so new positions must be taken with care. We’ve had a great run with many stocks – particularly the financials – and at some point they’ll need to r…
OVI-Flag HighlightsIn mid-late December I mentioned a number of stocks that looked poised for breakouts to the upside. Of course we’ve had fiscal cliff dramatics to deal with along the way, b…
The markets are completely on a knife-edge as illustrated by many bull-flag patterns that are behaving indecisively and OVIs that are hovering near their neutral lines.
The message is a …
Hi Everyone The main idices are still grinding up on low volume as we draw to the end of earnings season. The S&P has a marginally positive OVI while the Nasdaq’s is neutral. It’s almo…
Hi Everyone The market creeps up but it’s still a bit ugly out there. Both AAPL and GS have broken out as expected but are both now forming Doji bars. The AAPL one is obvious, but…
Hi Everyone As we draw to the close of earnings season, make no mistake, it’s been ugly out there folks! The main indices have been grinding upwards but on low volume and with rough and volati…
I just had to show you a classic reversal setup that I saw last night. SPYIn the chart you can see a Doji bar setup where there is also a 20-day extreme in price. Here it’s a price high,…
