Assuming we have arrived at a (interim?) market bottom the next key step is to begin identifying which of the sectors will take a leadership...
Ok, so this afternoon we finally resolved the test of the bottom of October 10th. And we all know how it was resolved. It HELD FIRMLY after a...
I've attached a current chart of the VIX. Notice it has closed above its 20 day Moving Average now since early September. It has penetrated it...
Hong Kong down 12.7% overnight. Europe down 2-5% depending on the country. Nikkei is at its lowest point in 27 years. Guys it's very likely...
We've had a 40 point bounce in the S&P since the 3-4 am period this morning. Pressure to hold the new double bottom? We'll see today. This...
Ok so here is the critical retest of the low of 10/10. Unlike Friday we actually BROKE the low of 10/10 on the ES (emini S&P) of 837 at 3am and...
Meanwhile, as we all wait for these markets to level off and begin their recovery, there is one stock that I like that seems to be very reliable...
If you believe the markets move on fear (panic) and greed, then the VIX tells you a lot as a read on the emotions in the marketplace. If you...
Worth noting - the VIX is up to 81 which is even higher than 10/10 high of 79. Layoffs are beginning to be announced right and left. This will...
Thanks HKIB. I have read a book about Livermore's life that discusses some of his strategy and it would appear to be very valid even today. As...
Thanks Matt. Somebody's putting out some faulty data today. ThinkorSwim, Prophet and Yahoo say 96.40. TradeStation says otherwise. I would...
At the rate we're going we may arrive at 839 today!!
Here's today's print: CBOE VOLATILITY INDEX(Chicago Options: ^VIX) Index Value: 72.99 Trade Time: 2:00PM ET Change: 3.34 (4.80%) Prev...
You can see the downside penetration of the symetrical triangle that has been forming in the SPX since the low on the 10th. If we hold below the...
Anybody notice the VIX surge to 96.40:eek: today?? Absolutely astounding! I have a well-informed member of my trading group that predicted...
And what are the Livermore "Downtrend over" signs?
It is a new closing low which some might call a double bottom but I go by the intraday low - especially considering the doji on the 10th. In this...
Another amazing day. We held above the trendline that traces the lows of 10/10 and 10/16. But not until we penetrated it by 3% in the afternoon....
There seemed to be a good number of folks here saying we have bottomed out over the last few days. Meanwhile, I see a SPX at 913 and a VIX at...
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