This Week On Wall Street

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Chart of The Day

Chart of The Day

It's only going to hit support so many times and then the trap door opens (1180-1185).  No different than hitting resistance on a breakout. So now what?  Good support  at 1100 as depicted on the daily SPX chart.  Should get a bounce next week due to bargain hunting...

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In The Black (on the day of the Crash)

Last week the markets looked like they were set up to go lower based on what I could see technically.  Saturday I went into the Managed Accounts and placed market orders on the SH (S&P 500 short) betting the market would drop. Those orders were filled Monday at the...

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Chart of The Day

Chart of The Day

I almost put this chart up yesterday of AAPL but I was busy with other posts and chose GLD instead.  Anyway, it was highly probable to conclude that AAPL would fill the downside gap.  Today it filled it and held near term support for now.  Probably not a bad idea...

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Quote of the Day

"I can feel guilty about the past, apprehensive about the future, but only in the present can I act. The ability to be in the present moment is a major component of mental wellness." -Abraham Maslow 1908-1970, Psychologist

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