Archive for the ‘ $SPY $QQQ $TNA $TZA $ES_F $TNA $TZA analysis ’ Category

$SPY $QQQ Market Update: Long bonds

There has been a lot of weakness in the market in the past few days as the breadth in the market has declined. We have closed our long positions from 140 buys to 151 for a nice 8% gains (https://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/ ). We have initiated a long bond position at 117 today. In simple terms, equity is not a place we want to be, bonds are a better bet based on our proprietary tools.

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$SPY $QQQ $ES_F Market update

Congratulations to all my blog readers who have emailed me about their nice profitable gains, since following my call from long $SPY from 1400s as per my Nov 28,2012 post https://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/  . As Jesse Livermore said ‘ Be RIGHT and SIT TIGHT’ . We are currently trading at 1531.5 on $SPY todays and up a nice  130 points+. Enjoy the ride, till we signs of cracks in the market :).

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YOUR NOT MISSING OUT!!!

Since the beginnig of 2013 we are stuck in a wide range in $SPY and $QQQ. $SPY is rangebound between 145- 146.50. Lots of traders are trying to anticipate a break on either side and getting frustrated. As a trader, you have to understand which side has the edge, at present , bulls have the edge in the bigger picture, however, we need a break of 146.50 on volume to have some conviction.

Even a gap down to 144 which is bought which is also the 20ma on SPY is still constructive. Earnings season officially started today, therefore, there would be many more opportunities in the coming days, preserve your capital and trade only when you have an edge.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

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$SPY $QQQ ANALYSIS GOING FORWARD

$SPY came into the region as expected from this post https://dchsn6.wordpress.com/2012/12/13/spy-qqq-analysis-going-forward/  and we had a nice bounce today into the close, there is still no reason to be bearish other than an odd pullback here and there. From here on, I am expecting a nice push through 145.33 in the coming days and riding my core $SPY from 140.60 as long as possible.

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

updated chart

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$SPY $QQQ ANALYSIS GOING FORWARD

As mentioned from my post dated Nov 28, 2012, when I went long $SPY  in 140-.70 -141.20 region  https://dchsn6.wordpress.com/2012/11/28/why-i-went-long-spy-today/  , my core position is up by almost 3% and markets are due to take a rest, big picture I am still bullish. Last 2 days of price action, where markets have made big attempts to move up but only to give back the gains right into the close, is a bit of concern. I have noted down the levels I will be watching forward.

If you liked my analysis, please vote for me: dchsn6   as your next financial blogger  http://ibankcoin.com/flyblog/2012/12/13/behold-elections-are-here-2/  ., voting is open till Dec 13, 2012 4:0pm EST.

We have the 20EMA moving upwards and 50EMA going from bearish to to slightly bullish is good signs for the bulls. A minor pullback into the circle region on lighter volume will be considered constructive, watching the intraday price action would be important as you want any dip in that region to be bought by the bulls.

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If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

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Why I went long $SPY today

Price action in $SPY $QQQ $ES_F is conducive to start long positions, as a result we started building our core positions in  our online trading room  $SPY today between 140.70-141.20 region , stops at 138.

We had a nice 6% profitable core position $SPY  swing in July ,which was documented here https://dchsn6.wordpress.com/2012/08/16/spy-target-1-142-achieved/. The charts below show my analysis for the swing core.

 

If you would like to join us in our trading room, email: dcshn6@gmail.com.

For traders who are looking for HIGH LEVERAGE, LOW COMMISSIONS and RELIABLE PLATFORM, check out TRADER BENEFITS TAB for more info., earning season requires you to have enough buying power to be in trades and having a Power Day Trading account can help.

 

 

I personally trade by watching price action only, with no fancy indicators as such and with the current dips being bought last few days, it tells me market has a bid underneath it.

 

 

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$SPY and $QQQ analysis going forward

In our trading room, we had a good ride of $SPY from 133.50-134 region to 142, the target which was met a few days ago, all the guys in the trading room are up 6% just from the $SPY swing trade. In the trading room it was mentioned to be flat 142 SPY today. We will be looking to add to SPY positions depending on the opportunity provided in the market, where and when we do that drop by our trading room for live information.

Here was my post about our target 142 being achieved on august 16, 2012.

https://dchsn6.wordpress.com/2012/08/16/spy-target-1-142-achieved/

For access to trading room, please email: dchsn6@gmail.com

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