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The content on this site is provided as information only and should not be taken as an investment advice. This site's content shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author and are for entertainment purposes only. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of the author.
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.
Triangle of Amazon
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- Amazon daily is forming a contracting triangle pattern in daily chart.
- Price as shown in weekly chart is still above the weekly support line.
...
Guesstimates on March 13, 2012
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*June S&P E-mini Futures: *Today's day session range estimate is 1368-1378. The
rally from the March 6 low should continue to 1415 with normal
interrupti...
Bullish Action Overnight (by Springheel Jack)
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ES held the first support level I gave yesterday morning at the 1360 level, and has broken up through the previous high overnight, holding it as support sinc...
Bullish Action Overnight
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ES held the first support level I gave yesterday morning at the 1360 level,
and has broken up through the previous high overnight, holding it as
support si...
03/12/2012 Portfolio Update
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DZZ buy order not filled but the system will try to short gold again
tomorrow, set DZZ buy stop at $4.49, stop loss around $4.10, for about 1280
shares.
...
Top Ten
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Here are the top ten ranked names inside The PPT. Please note that these
names will not be the same names tomorrow as the algorithm is always
changing base...
Monday 3/12/12 Market Update
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There is no change to the count from Friday's update. The correction that
began on Friday may be complete but it will be difficult to tell if this is
the ...
Unreal As In Awesome!
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I originally planned on posting a wrap up video of today’s session but due
to my early morning network issues I don’t have enough screen grabs to make
it w...
monday update
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SHORT TERM: mixed market ahead of the FOMC, DOW +38 Overnight the Asian
markets were mixed: +0.1%. European markets opened lower but closed higher:
+0.2%. ...
3/12/12 - EOD Update [4:38 PM Update]
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*[4:38 PM Update]*
HG The wave 4 triangle for copper I posted the other day is still looking
pretty good. The hourly MACD has bull crossed and daily app...
Positioning Yourself For The Next Market Move
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Positioning Yourself For The Next Market Move
This is how you become the Elite; learn from the them, trade with them
live, enter the positions they enter...
SBIN
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SBIN has been trading in the range from 2100 to 2280 for last few
days....today morning it gave a breakout from this trading range so now the
stock could...
Cash for SPX, Crude; Copper Bullish
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A few signals take effect on Monday's open of trading: cash for my trading
setup for the *S&P 500* and *crude oil* and bullish for *copper*. See more
detai...
weekly update for march 12th, 2012
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*sp 500:* the inflection point looks to be resolved and a rally going into
early april is the next likely step, followed by a very sharp correction.
*asx 2...
EURCAD What you need to know about.
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This is 1 of 4 charts we send about EURCAD.
Key levels and pattern of last weeks very clear.
Second chart is the trade plan we send after close US last ...
3/10
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*I have finished upgrading my other site. The weekend video is posted at
thechartpatterntrader.com. The stock market video will no longer be posted
here. F...
Mar 9
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Man, what a bear trap. The worst I have seen in awhile.
I have been extremely busy the last couple days and will be for the next
several days as well. The...
CLB, entry & exits, for the next few days
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TweetLikeTweetFree Hit Counter CLB Make sure to use the tweet button on
this post. get a load of this Texan’s wicked market analysis, and funny
observation...
SKI : Ski Trip !
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I'm going on a ski trip for a few days. Will be back on Thursday March 16 th, unless i get crushed by an avalanche of ... girls. See you then !
Art Of Trading Members Feedback This Week!
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*Some feedback from ART OF TRADING Members This Week! *
*
*
*Thanks Stewie for the call on ZNGA today! I played it using call options
and I'm pretty much u...
Curious case of homebuilders (XHB)
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*Hamlet:*
What a piece of work is a man, how noble in reason, how
infinite in faculties, in form and moving how express and
admirable, in action how lik...
GLD, SLV - February 22, 2012
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SLV has been outperforming both GLD and S&P.That is Good and must
continueGLD must start outperforming S&PMy reasoning is simple. I want to
play outperform...
OpEx and Index Highs
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The expected (see OpEx Week and Multi-Month High) short-term pullback took
two days only, and the SPY (S&P 500 SPDR) closed out February’s option
expiratio...
A $SPY On the Floor Which Chose to Soar
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Back in August of 2011 I put up a quick post on SPY writing about a
possible bottom, since then the market has managed to work its way higher.
Even though...
Automated System
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Well, after nearly 2 years of working on it, it is finally here. I have
launched my automated system for the NinjaTrader platform. You can find it
at trade...
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...
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...