Tuesday, March 17, 2009

St. Patrick's Day...Will the Green be from the Red?

10:48 am ET - ES breaks out to upside from trading range...markets not yet rolling on St. Patrick's day...the Irish must be long...oh, the luck of the Irish :) 10:40 am ET - ES not breaking DT support looking like trading range...SPG following through on its evening star pattern 10:27 am ET - ES forming potential Double top on the intraday chart watch for the break at 753.75.... 9:56 am ET - ES falls to 750 and then bounces to 755...buyers and sellers fight it our in early trading as markets trade in tight range... 9:38 am ET - Stocks start essentially flat...ES futures -5 start to turn down after five minutes and NQ futures are flat... Watch for the break of the low of the high day which is startig to happen on ES, SPX and several stocks in our watch list: At the Open on Tuesday Counter Trend in a Down Trend SPY – bearish harami at 30 DMA in bear flag BA – shooting star above 20 DMA in bear flag WHR – black spinning top at 30 DMA in bear flag BDK – shooting star at 30 DMA in bear flag DE – shooting star at 30 DMA in bear flag WYNN – bearish engulfing at 20 DMA in bear flag ADS – shooting star/bearish harami at 30 DMA in bear flag DECK – bearish engulfing at 20 DMA in bear flag VNO – evening star at 30 DMA in bear flag SPG – evening star at 30 DMA in bear flag FWLT – shooting star confirms shooting star at 30 DMA in bear flag

1 comment:

Anonymous said...

Dave:
Thanks again. Very good Adv Techs last night. Appreciate all you're doing for me/us.
Robert
CANI_212