MyBlogLog - mrmike : New with me

mrmike posted a blog entry

Sun, 29 Nov 2009 19:18:22 -0800

Shot Across the Bow
When all was said and done on Friday, the S&P 500 E-minis bounced 30 points fro 1067 to 1097. You can see the prior area...
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mrmike posted a blog entry

Sun, 22 Nov 2009 18:01:40 -0800

Holiday Trading Ahead
On Friday, I ended up unsure if this market was going to drop much lower, so stayed out of market directional ETFs. Tonight,...
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mrmike posted a blog entry

Thu, 19 Nov 2009 19:37:40 -0800

SSG TZA Buy Patterns – 111909
Using different time frames to choose the best trade can really work well when you find clean patterns. That’s...
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mrmike posted a blog entry

Mon, 16 Nov 2009 19:59:28 -0800

Spooz into OPEX – 111609
We’ve come some 80 points higher in the SPX, since our pivot low on November 2nd. As with previous runs, longs were...
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mrmike posted a blog entry

Thu, 12 Nov 2009 20:32:54 -0800

Finding Patterns in a Haystack
Today we traded back down to the lower trendline of the current spooz channel. They took out stops below the 1085 pivot. ...
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mrmike posted a blog entry

Tue, 10 Nov 2009 17:49:20 -0800

Averaging In
I’ve been really working on NOT averaging down on trades anymore. It used to be a bad habit. QID hasn’t made a...
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mrmike posted a blog entry

Mon, 09 Nov 2009 14:37:02 -0800

The Last Shakeout – IYR
IYR and the reits were strong all day. IYR is attempting a breakout of trendline resistance. The weekly chart of IYR shows...
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mrmike posted a blog entry

Fri, 06 Nov 2009 08:37:26 -0800

Buy the Dips Market
Fund managers are looking to put money to work before year end. When an unemployment report comes in bad, and you see the...
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mrmike posted a blog entry

Thu, 05 Nov 2009 10:46:56 -0800

Deep Market Thoughts for 110509
The FOMC is staying pat on rates and language. That’s a free market rally ticket into year end. If I had to...
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mrmike posted a blog entry

Tue, 03 Nov 2009 18:49:38 -0800

E-Mini Channel – 110309
The E-Minis are testing the top channel trendline. closeup… Tomorrow (Wednesday), we have an FOMC announcement that...
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mrmike posted a blog entry

Sun, 01 Nov 2009 19:55:23 -0800

VIX Spells Fear
The VIX shot up from 20 to 30 last week, bringing out some fear and volatility with it. It’s still well below the highs...
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mrmike posted a blog entry

Thu, 29 Oct 2009 14:46:45 -0700

Subtle Signals
Watching the two inverse ETFs in the same sector helps me determine direction. I was watching bot TZA and TNA this morning,...
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mrmike posted a blog entry

Wed, 28 Oct 2009 08:33:06 -0700

Quick Market Thoughts – 102809
SPX 500 and the e-minis have hit my 50dma targets. Look for a bounce.
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mrmike posted a blog entry

Mon, 26 Oct 2009 11:15:29 -0700

Back In the Saddle
Looks as if I picked a decent day to get back to the market. The e-mini SP500’s have built quite an ascending wedge over...
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mrmike posted a blog entry

Thu, 15 Oct 2009 05:22:17 -0700

Hiatus
I’ve been dealing with a minor emergency, and probably won’t be trading for another week. Good Luck.
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mrmike posted a blog entry

Mon, 05 Oct 2009 14:01:30 -0700

Even Air Biscuits Bounce
And right back to 1035 today on the slow creep up. The SPX bounce off the 50dma in July carried on with a very nice rally. ...
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mrmike posted a blog entry

Mon, 28 Sep 2009 07:06:19 -0700

Halfway Bounce
As expected, SP500 e-mini’s have stalled at their 50dma, and are bouncing. Take note of the double bottom, which then...
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mrmike posted a blog entry

Sun, 27 Sep 2009 19:31:49 -0700

Halfway to 1000
Tonight, the emini’s are touching their 50 dma, and in their 4th candle since finding a top. I’d expect a stall...
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mrmike posted a blog entry

Wed, 16 Sep 2009 08:21:19 -0700

Seven Candles Here
In early August, I penned the post, Seven Candles Coming, with the thought that the SPX would reach it’s monthly 20 ma...
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mrmike posted a blog entry

Tue, 08 Sep 2009 20:22:31 -0700

Market Charts for 090809
ETF UMM is about eight days into a mini-base. I’m looking for a new high out of this cup and handle pattern. 32...
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mrmike posted a blog entry

Thu, 03 Sep 2009 06:08:26 -0700

AGQ Breakout – Pause Bar Pattern
The XAU broke out yesterday, and closed strong. When an equity index breaks such a long pattern, you can usually expect strong...
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mrmike posted a blog entry

Mon, 31 Aug 2009 08:55:42 -0700

Stock Trading – End of August 31, 2009 Update
So far so good on this mini correction. The e-minis tried another breakout on Sunday (up to 1031). It failed quickly. ...
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mrmike posted a blog entry

Fri, 28 Aug 2009 09:41:20 -0700

Failed Breakout – Lower High Pivot
The E-mini 500 quickly lost it’s breakout and had a pathetic bounce, which created a lower high pivot. This pattern has...
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mrmike posted a blog entry

Thu, 27 Aug 2009 08:50:13 -0700

XAU Back to the Bottom Trendline Channel
XAU has dropped back to it’s 8-month bottom trendline of one long channel on the daily chart. Like a spring that winds...
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mrmike posted a blog entry

Mon, 24 Aug 2009 19:21:49 -0700

New Range?
Volume and trading is bound to slow down the next two weeks as traders enjoy the last amount of summer through the Labor Day...
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