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I have been trading stocks since 2008 and options since 2009. I developed an interest in stock market from my mom, who has been trading in India since 1992. I have a day job and I primarily trade for fun. My interests are technical analysis and trading options. I primarily use support and resistance levels, fibonacci retracement levels, MACD and RSI as my trading tools. To me, Elliot waves are good to explain past market movements but they are not as good in predicting future market direction.
Tuesday
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I know it must seem that I've disappeared, but the analysis I presented in
mid December still holds. The market seems to be loosing interest at these
pric...
ES Week and Hour chart analysis
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- ES Week candle struggling near previous resistance level.
- Hour chart is showing a range between 1329 - 1343. we might see a
bigger move when ...
Guesstimates on February 7, 2012
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*March S&P E-mini Futures: *Today's day session range estimate is
1330-1340. The longer term trend is upward. A rally from the November 25
low at 1147.50...
Forget Europe And Asia, This Is What Matters
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Forget Europe And Asia, This Is What Matters
This morning, the S&P 500 Index e-mini futures (ES H2) are trading slightly
lower by 2.25 points to 1336.75 ...
Trendline Festival
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The longer term trendlines from October and November are looking a little
thin here, as I've mentioned before, but in the shorter term there is no
shorta...
World markets we track
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In this global economy it has already be proven that one needs to track
many of the world’s markets, in addition to the US, to get a good
indication of wha...
Market Timing Update (2/7/12)
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*[650am] ES update - *
The green count on chart 2 shows a decent top tick. The red count tracks
continued subdivision.
* *
QQQ : Nasdaq sentiment goes full circle !
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Here is a chart of NDSI (Nasdaq sentiment). Very interesting to see how it moved from 135 below fair value at the start of October to 135 above fair value in...
02/06/2012 Portfolio Update
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FXE buy order filled.
The TMV buy wasn’t confirmed today, but the system will try to long TMV
again tomorrow. Set buy stop at $75.12, stop loss around $6...
Monday 2/6/12 Market Update
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There is no change to the count from Friday's update. The market appears to
be continuing in an upward direction as the impulse wave [v] winds down.
The ...
GOLD Daily Market Thought 07022012
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GOLD like I suspect and tweet few time last week, unable for now to break
and hold above [1765,1775] area.
Today test and hold first major support at th...
Employment Situation
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On Friday’s non-farm payroll release day, unemployment rate had been
reported to have fallen from 8.5% to 8.3%, its lowest level in three years,
and down o...
Bearish for SPX and Treasury
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Two signals take effect this week based on recent trader positioning as
reported in the Commitments of Traders reports: bearish for the *S&P 500* and
beari...
2/6 Stock Market Video
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*The stock market video is posted below the headlines. *
WSJ repported:
Faced with a tight deadline on March 20 when a €14.4-billion bond comes
due, Gree...
Inflection Points
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It’s Superbowl Sunday and while pretty much every red blooded American is
watching the big game with a chilled glass of brew in his hand poor Mole is
slavi...
DANGEROUS TIMES AHEAD
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Friday's big rally on the better than expected employment report has now
generated the kind of euphoria that often creates intermediate degree tops.
This c...
Let's Review The Chat Room Calls
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Hello everyone!
Wanted to do another VISUAL review of the setups that we were watching and
calling out in the chat room on friday. If you were in the chat ...
Feb 3
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As I was pointing out *in December* (and on many prior occasions over the
past several months) that the comparisons between now and the beginning of
2008 w...
Bank Nifty
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Today Bank Nifty made a high of 10090 ......will bank nifty make a double
top (made high of 10080 on 31/10/11) here after more than 2000 point run up
.
Market Astrology: Silver Strategy
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The following is an small excerpt from last weeks (1/21) Astrology Traders
newsletter by Karen Starich. If you find this information useful and would
lik...
Subscription Policy
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Welcome to all subscribers and would be subscribers. You have two
subscription options a single month trial for $100, or a quarterly
subscription for $250/...
You Are Part Of The Herd
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I have a philosophy about life that everyone I meet has something to teach
me. From the panhandler to the successful entrepreneur it doesn't matter -
I kno...
Additional ...
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To complete the previous post, it may be a good idea to show the reasoning
behind our exit around 1200.
The following is my projection from August 12, 20...
EWI’s secret count
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Last week Steven Hochberg, of EWI, removed labels from his Short Term
Update (STU) because…. well because… His Elliott Wave Analysis has not been
working s...
Update...
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Not much progress has been made in either direction the past few days.
Either the bears take over soon or the bulls will drive this much much
higher. The...
Wave (c) Down
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Today’s late-afternoon decline indicates that wave (c) down has begun.
Minor 4 is unfolding as either an expanded flat or triangle, which we will
be able t...
ALERT!!!
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I have a new blog site up. This new blog site is better than this one.
Click on the following link to access it, www.dailymarketaction.weebly.com.
There are...
Another Crazy OPX Friday TGIF
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Well all I can say is this hs been one crazy week! I am so glad it’s Friday
I can’t even tell you…..:-) I am going to make this short and sweet, as I
expec...
ANOTHER CONFIRMATION MET
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This morning the miners met one more confirmation that needed to happen.
The point and figure chart has now turned bullish.
That's just one more tally tha...
SPX -FOREX
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First off I have been playing FOREX EUR/USD reason why I haven't posted
much about the SPX... So I would like to give a quick update on the SPX and
then an...
Kickoff! – Nov. 19
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Minute Degree Tops are usually Structures; bottoms are usually Spikes. A
Top in process will take days to form and can seem to take forever for a
Swing Tra...
Welcome to MarketTimingCycles.com
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Welcome to MarketTimingCycles.com blog space. MarketTimingCycles.com is a
publisher and publishes analyses and reports providing information on
selected se...