SPY Q2 09 Ascending Wedge Top & Bottom

Just keep an eye on the $NYSI + 9EMA at the STOCKCHARTS CHARTS cell.

SPYsight Chart Archive

SPY Watching the Low Volumes & $NYSI to go RED!

SPY Low Volume Flag & Wedge Top Put In

Who knows where the bottom range will be?

APR 6 - 10 Week's notes

Week's notes

SPY Slope & Fast SloStoch are Peaking!

SPY Wall of Worry or Fool's Hope?

SPY Stopped out of EDC @ 0.61% Loss

1.15% loss on the $50.89 block.
0.06% loss on the $50.52 block
= 0.61% loss

SPY Could Spend a Lot of Time Above the 50EMA

SPY Fundamentally Headed Up

#1 - EU cut their CBR only 0.25% to 1.25%
#2 - FASB rules relaxed
#3 - Crude oil is bouncing hard off a bottom despite a glut.

The wall of worry began about two weeks ago, but now the fundamentals have kicked in.
With the EU lowering their CBR by 0.25% instead of 0.50% the Euro is "less weak" against the $USD.
Stronger Euro = Weaker $USD = mkt up.

The relaxed FASB rules mean more "Mark to Fantasy" giving financials a lot more breathing room.


I ditched all short positions and went long EDC @ $50.52 & $50.89.
EDC is a 3x of EEM, for which there is a longer chart.





Almost stopped out of EDZ at EEM $26.55.
I'll hold awhile.
Oil & FXE are looking poor.
I'm not sure WTH TNX izzup2.
http://tinyurl.com/d6h2w3