Author Archives: devtrade

We discussed in our last post how the market was ripe for a breakout. After the breakout from the 1225 level, market has retested that level on Tuesday, and has rallied over the last couple of days. This is a … Continue reading →

We have witnessed (and were able to trade) the range-bound movement in S&P500 over the last couple of months. S&P500 closed today near the upper end of the range. Can we break higher? Or are we headed back down? We … Continue reading →

Since the S&P500 bottomed over a period of four days (Aug 8-11), we have seen higher highs and higher lows (as is shown with the green parallel lines). The market needs to hold this level for it to go higher … Continue reading →

On Aug 11, 2011, I had mentioned on my post that S&P500 has probably found a bottom. The market, since then, has rallied ~ 7%. But it is not able to cross the 1200 mark on S&P500. I think, at … Continue reading →

Well… we did have a rough few days of trading… If you look at my previous post, I did mention that testing the 200-week MA was in the cards. There is something interesting I want to note today. If you … Continue reading →

Yesterday it felt like Market was going to test the 1200 level on S&P500 and it did. The next logical support is at 1157 area (200-MA) and then at 1100. Today’s better than expected unemployment number might help slow down … Continue reading →

The market staged quite an impressive rally (after holding support at the 1260 level) over the past few trading days. The attached chart shows where the market closed on July 07, 2011, the day before the release of June Payrolls … Continue reading →