Stock Market Video: Charting Foretold Market Rally, Earthquake Shakes Ground
The markets held the key pivot low and within two hours of trading an important break out occurred. The SPY held the 2.50 level. That was step one. Step two was knowing today was the make or break day for the markets. Step three was watching the key trend line discussed in the video. Once broken and if held today, choppy upside should remain for the next couple weeks. Friday, Ben Bernanke is speaking at Jackson Hole. Shorts are covering ahead of this speech. Take the seven day free trial to the Research Center and Intra Day Stock Chat. Join the pros to get amazing swing trades and proprietary guidance. Get the information the hedge funds recieve and make billions from. Profit with the pros.
Video Rating: 4 / 5
The markets are giving back Friday’s gains. This should not be a big surprise because in the last two weeks, the S&P 500 has jumped 14% off the lows. In addition, options expiration is known for whipping the little options trader. Considering the massive move up, most call options will be sharply in the money. Therefore, the institutions will want to pull back those gains, protecting themselves from losses. This is a major component of why the markets are and will pull back this week. Tomorrow, Apple reports earnings. Today, IBM reports. Earnings season is in full swing. This should add to the volatility. Volume continues to be on the light side as there is still no panic from Europe. Take the seven day free trial to the Research Center and Intra Day Stock Chat. Step into the elite group that surpasses the institutions and is making their members money in every type of market, both up and down. Join the pros to profit with the pros.
January 27th, 2012 at 6:17 pm
Thanks.
January 27th, 2012 at 6:51 pm
5.8 Earth Quake ! YEA BABY! ground shaken and cracking . New York style. Theres nothing out of the normal? Wrong! Comets are comming and causeing all this . Illuminatie Control Casino Captilism ! NO GOD! NO LOOOOOOOOOVVVVVVVVVVEEEEEEEEEEEEE
January 27th, 2012 at 7:16 pm
clearly theres more volume on the options put side… how can you say on this last week the expiration market makers will push away bulls???… theres so many people trying to short this 1200+ spx level. So today’s rally is gettting rid of all the short sellers.. double reverse mind fuck. im not saying ur totally wrong, but maybe you should mention theres more short side volume on the option chains.
January 27th, 2012 at 7:21 pm
the one i really like from a WEEKLY CHART $320 resistance ahead of earnings is CMG. look at that failed breakout volume WEEK SEP 19, i took short early this morning at lucky number $323 based on a point on the daily chart. ,,, CMG
January 27th, 2012 at 8:11 pm
the week before OPEX week i look for stocks that have some volume spike dead spot that shows sound resistance and then check optioncalc. helped me choose my shorts early today.