The SPX opens higher as futures move higher over night. Friday becomes a low day on many charts and today can be a break above the high of the low day for potential re-entry signals. Also the SPX could break above last Wednesday's high of 1,128.75.
Early leaders include WLT, ESI, UAUA, MCD, GMCR, A, WFMI, DECK, HAS, HLF, V, GES, ZION,CHL, DOW, LXK, CRUS, LINTA, EBAY, CSCO, URBN, EXPE, BIDU, QCOM, NIHD, ROST, CHRW, SBUX, MICC
Follow your rules in any trading today and be logical.
See you in the Monday night AT webcast this evening...
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................................................Technical Analysis Focused on Price Action Setups, Trade What You See, Follow Your Rules, Plan the Trade, Trade the Plan, Don't Force the Trade Concepts...Price Action Plus Momentum...©
Dave Johnson, CMT
- Dave Johnson
- David Johnson, CMT Investment professional for 40 years including analyst, portfolio manager, trader and trading instructor. Performing computer based technical analysis since 1990. Previously quantitative and fundamental analysis. Has trained more than 40,000 traders in over 250 events including two and four day training events. Email: chartsignals@yahoo.com
Blog Archive
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2010
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August
(38)
- SPX, DJIA and Nasdaq Form Triple Bottom...RUT Make...
- Futures Point to a Flat Open...
- SPX Pulls Back Again...Still Above 1,040 Support...
- Futures Point to a Slightly Lower Open...
- SPX Forms Double Bottom Breakout...SPX Target 1,08...
- Futures Point to a Higher Open...
- SPX Support Bounce Fades...Holds Above the 1,040 S...
- Futures Point to a Higher Open...
- SPX Finds Support...Reverses...Forms Hammer...
- SPX Breaks 1,071 and 1,056 Support...Finds Buyers ...
- Futures Point to a Lower Open and Break of Support...
- SPX Bounce Fails to Follow Through...Holds Above S...
- Futures Point to a Higher Open...
- SPX Closes at 1,071 Support Level...Forms Hammer C...
- SPX Breaks the Low of the High Day with Bearish Ca...
- SPX Forms Inside Day at 30 DMA...
- Futures Point to a Slightly Higher Open...
- SPX Confirms Hammer...Breaks the High of the Low D...
- Futures Point to a Support Bounce and Higher Open...
- SPX Holds Support Forms Hammer Candle Pattern...
- Futures Point to a Slightly Lower Open...
- SPX Rally Fades into Close...Holds at Support...
- Futures Point to a Flat Open...
- SPX Gaps Lower, Closes Higher, Makes New Low Day...
- Futures Point to a Lower Open...
- SPX Opens Lower...Breaks Support...
- Futures Point to a Lower Open and a Break of the L...
- SPX Closes Lower but Rallies From Early Lows...
- Futures Down after Lower than Forecasted Productiv...
- SPX Inches to New High Close by 1/2 Point...
- Stocks Open Higher...
- SPX Closes Lower...Rallies From Daily Low After Wo...
- Back to the Present...SPX at Resistance...Be Prepa...
- SPX Moves Higher...PCLN Leads Nasdaq...
- PCLN Gaps Up 18%...TIE, WFMI Gap Down...
- SPX Pauses Above S1...
- SPX Bull Flag Bounce...Entry Signals Galore...
- The Answer? SPX Did Bounce as was Most Probable.....
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August
(38)
12 comments:
Welcome back Dave - looking forward to tonight's capstone
Glad you're back, Dave!
HOORAY FOR DAVE, WELCOME BACK COACH, WE MISSED YOU IN USA.............
Oh my God...Can't wait...
Welcome back Dave - looking forward to tonights capstone - missed you!
Dave, this quote from a major financial news website made me smile and think of you.
"While investment strategists generally expect US equities to close out 2010 in negative territory with a likely rebound early next year, most also say the market between now and December 31 remains too unpredictable to forecast with any confidence."
Whoohoo! Welcome back Dave! We miss you! Looking forward to ATA captone tonight! :-)
Sarafina
Glad that you are back. Looking forward to this evenings capstone.
Dave, welcome back!! Hope your vacation was wonderful!! Can't wait to hear your "WOW" (words of wisdom) tonight in the ATA capstone!!
All the best Dave!!
Mishel
CR, Susan, CE, Mishel and others,
Thank you its good to be back in the rooms.
Cheers,
Dave
Anon,
This quote is like ones I have read and talked about for 33 years. It communicates the literal absurdity that next year and the end of year negative territory are clearly knowable, but that everything else between now and Dec. 31 is not knowable.
How is it even logical that the distant future is knowable but the closer future is not?
Why individuals who write this type of nonsensical balderdash are able to stay employed is unbelievable.
Thanks for sharing.
Dave
How can I see the webcasts?
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