My definition of “Green shoots” – those green pieces of paper shooting out of the Fed.
Matt Trivisonno's Blog
It's the Sovereignty Stupid!
-
-
Recent Posts
- Adelson Ditches Gingrich
- Top Investing Websites – Update #4
- TradeNagger – My Latest App
- Gingrich/Alinsky Riddle Solved
- Iran Cannot Close the Straight of Hormuz, Unless…
- Assimilating China
- Indonesia Doesn’t Have Enough People?
- American Gulag
- Jon Stewart Enters the Matrix
- Food-Stamp Growth by President
Pages
- About
- Call of Fame
- Dow Theory – Ignore It
- Food Stamps Charts
- Fractal Dimension Index
- Fractal Stock Grapher
- How to Post Code in Comments
- How to Post Links in Comments
- Immigration Charts
- Offshoring
- One Way Pockets
- Patterns
- Rank-O-Matic
- Read the Stock Market Classics
- SEO
- Technical Analysis of Stock Trends
- Top Websites by Alexa Rank
- TradeNagger
- Trading Strategies
- Why Chart Patterns Still Work
- Withholding Taxes Chart
Blogroll
Archives
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
Categories
Recent Comments
- admin on American Gulag
- binarylyfe on American Gulag
- admin on Jon Stewart Enters the Matrix
- admin on Jon Stewart Enters the Matrix
- Steve on Jon Stewart Enters the Matrix
-
Meta
-
Copyright © 2012 - Matt Trivisonno - All Rights Reserved
Entries (RSS)
and Comments (RSS).
The futures popped, then flopped, after the consumer-spending report surprised to the upside at 8:30am. This is a potential sign of buyer exhaustion.
matt………congrats on your mention in kennys blog…many of the charts i post are from his blog
http://1.bp.blogspot.com/_goypolxEFd4/SkSMzEDGcEI/AAAAAAAABEc/xhZUK2b54pE/s1600-h/Minis.png
remember very oversold ??now overbought http://lh4.ggpht.com/_APmrYvpA45s/SkQ_lAe3H7I/AAAAAAAADoQ/1LARcVIlBaE/s1600-h/STEM.MR%5B2%5D.png
Phil,
Why do you think that I mentioned Kenny’s blog?
Matt
looks like 9:17 chart less useful in a strong trending environment since it is an oscillator….. which is geared to more sideways ….ie oscillating…environments
matt…why???
Phil,
I didn’t mention Kenny’s blog, so I was just wondering why you thought that I did.
Matt
matt ..you misunderstood…….you were mentioned in kennys blog
phil Says:
June 26th, 2009 at 9:11 am
matt………congrats on your mention in kennys blog…many of the charts i post are from his blog……….######MATT.. your mention IN…..not OF kennys blog
mkb..charlie tlt http://3.bp.blogspot.com/_N9xrCjjHNRw/SkP4MkCrkdI/AAAAAAAAEaY/KNq84Q7IklM/s1600-h/tlt+bonds123.png
Phil,
OK, I see what you mean. Kenny used to comment here.
Matt
mkb ..charlie…. tlt 4th wave of lesser degree is @ 97 …. good sell point if we can get it
phil:
I’m not feeling bonds right now – must be something I’ve read. I’m feeling sort of Jim Rogerish. lol
Ya’ll – look at moo on a 10mn 5 day.
mitch….that motorcycle maniac got crushed in the commodities crash…dont be that guy mitch…..lol
mitch….seriously …dollar whipsaw again…until it shakes out one way or the other…all other markets are in limbo
Jim:
Seriously dude, what’s the deal with QID? I’ve yet to see a robot, even with the best of software, that I’d like to have a meal or glass of wine with. Q’s are being pretentious.
mitch….moo daily….is below the declining 18dsma…..not interested unless you want me to short it as it gets near the falling ma
phil, how are you watching the dollar… symbol and such.
Tks
>>dont be that guy mitch
All my heros get crushed in the end. Usually by hot lil’ numbers in exotic locales. Except Grasso’s nemesis, he was in a stupid stuffy hotel wiring money and such. Cash is king – ask an Argentine!
mitch….also put on a 45dsma on daily moo chart …uncanny how it supports then resists???? yes??
george……uup…..and sep dollar futures
Thanks Phil.. I will be a watching..
Still holding puts from 91.60 on the SPY and hoping it will show me some smiles soon.
Potential reversal now that it is 10 am.
phil, ah, I don’t have futures but I didn’t think about using UUP – didn’t know if it tracked it correctly or not.
George,
The key SPX 20 DMA has the potential to
turn from up to down today.
Paula
SPY testing the 91.47 level again… Maybe our 2 day H-S pattern isn’t dead yet… and the head will form here.
There is also a massive H-S pattern also developing on the daily chart dating back to the beginning of May. We may be in the process of making a right shoulder on that one with a peak at 927-930 or so.
JG,
RE: “junglegirl Says:
June 25th, 2009 at 2:43 pm
SPX 15 min Three Amigas.”
Good call on SPX 15min Three Amigas yesterday.
It’s hard hanging onto these higher time frames and although there was a draw-down with no sell signal, there’s lots of green on the cash register receipt right now.
Thanks
SKF up against 5min 36MA resistance. It will have a tough battle to reverse, if it’s going to.
S(K)F Sympathy Shares are doing well, K. You can sleep well this weekend.
SPY breaking through the daily VWAP and 9MA.. might see some upside in this market…
SPY trading in a wedge pattern. Breakout soon… pretty strong support at 91.40-91.50.
SPY 15min price nearing 36MA support. Charlie, that may be the bounce coming you are seeing – or a drop if it fails.
>>>>mitch….also put on a 45dsma on daily moo chart …uncanny how it supports then resists???? yes??
phil:
I think I know what you are implying, however, my theory is developing quite differently but it evolves as the pulse is found and the drama plays out. Btw, it takes cooperation to keep that CPI in check – the dollar index chart is not that straight by chance.
yes.. sorry.. reread my message and it seemed to imply the market would bounce. What I was referring to is that a breakout might occur, but right now, the market is bouncing along the bottom support line.
ICE bucking the system again today.
Charlie,
Naw, you got it right. Market was looking for a turning point and that may have been it.
It won’t be the turning point if SPY can’t hold the 15min which is still negative. It will try to bounce again if it drops, after its slight move up off the 36MA.
XLP/XLY knotted up – could mean improperly oversold or sell-off.
SPY falling wedge right now.. Before it was more of a triangle. Falling Wedge = bullish doesn’t it?
Stick a fork in it fry daddy.
Just a side observation.. GS showing crazy strength these past few days… Ignoring the market completely.
S&P done for today in my book – rally the bears.
SPY back down on that 15min 36MA support. Only the 5min knows if it will hold.
Charts looking like spageddie.
Charlie,
RE: GS. Is that not crazy. Who knows what causes that, like ICE today? That’s why TA is the only way.
Mitch Says:
June 26th, 2009 at 11:10 am
>>>>mitch….also put on a 45dsma on daily moo chart …uncanny how it supports then resists???? yes??
phil:
I think I know what you are implying,
………..all i am implying is that big traders use 45dsma and 18dsma….thats why they are effective
george ….i think they look more like linguini
Fish or cut bait time for SPY.
phil,
I’ll give those two MAs a try too. Tks.
george if we break above 927 i believe this http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID3271025
Selling in dollar due to China’s renewed
call for a different world reserve currency.
george….u have to scroll down to “spx primary count daily”
SPY is acting like it’s a futures contract trading at 2am: a nearly perfect flatline.
Still in the descending wedge and market seems happy that way.
Go ahead Mr. Market – test those stops you got nothin’
Charlie,
Nice call on the SPY falling wedge. It’s not a large pattern, and SPY should be able to hit the 10:30am peak. If it can’t do so, then we will have a hint of a weak market.
Matt
The banks could come out but I don’t think they want none – why with those pikers on the hill . . . .
phil,
Nice charts! Are they dynamic? Just what I suspected, more uppage before the big bang.
Was working and missed the breakout!
Just wondering if the “Golden Cross” could be a short-term bull trap.
but there is no volume behind this? Hmm…
Every blow gets more and more revealing.
Went ahead and took profits on the bounce of SPY 36MA when stochastic bottomed out.
Another situation where the SPY 1,5, and 15min stochastics bottomed and went up together.
ICE = NICE
george….seems like charts are up to the minute when i go there
That was an oversold bounce, still, this has the twang of a bullish market until proven otherwise. DUH! I says to myself.
Charlie,
Yes, it was a weak resolution to the pattern. Now SPY will attempt to hold an uptrend line.
Matt
phil,
That’s great. I’ll bookmark that site.
Donka
My cash cow since yesterday has been UYG. Just closed it out for .08c. More like veal.
ooooOOOM
Today’s selling volume on SPY has been lighter than yesterday’s so far. So, technically, SPY is in a bull-flag pattern on its daily chart. If SPY can complete the pattern, it might be able to fill its June 15th gap. However, due to the extreme short-term overbought condition of the market, I will be very interested in shorting any such attempt.
Today will likely be decided by the Q’s again. They are still pushing up against their June 19th peak of 36.36, which is also the lower boundary of their June 15th gap.
I think that the weak resolution of the descending wedge pattern, which was supposed to be bullish is a red flag.. To Matt’s point, we are overbought and if we head higher.. I’ll add to my short position via SPY PUTs.
everyone….have a great weekend!….hasta la vista
Later phil!
Sweet talk but don’t intimidate her or I’ll kick start the golden generator . . . .
Not to be heretical, but when I write wave equations for the market, then label the waves accordingly instead of labeling via price action, I get 2 of 1 of (5) of P1 either just ended or is getting closer to finishing up. This would mean that 927 is not the great line in the sand of which many speak.
Real-time EWT isn’t easy, and I find it most helpful to keep an open mind re counts.
SPY just flopped out of its uptrend channel, though the Q’s are still holding up.
VIX showing some positive divergences of various indicators, e.g. RSI, CCI, MACD, in multiple timeframes.
BBT massive double top on 1,5,15min. Straight up on both sides.
one piece of advice. don’t trade under the influence
went from 3.6k to 3.3k in 2 days (not much but still a bad price to pay)
K,
The influence of the blog or influence of spirits?
The SPY 15min Three Amigas has been and is still good. Has not given a sell (inverse buy) signal yet and the stochastic is finally melting. Could turn back up when the MACD trendlines go to the zero line, but right now no hay problemo.
BBT SO strong today. Every dip bought and now it’s painting a little star for the top of its tree it grew. Precious.
Everyone is goo-goo-gaa-gaa over financials right now. With the Fed umbilical cord, no wonder.
the influence of the strongest home brewed albanian spirits.
at least so far it’s more relaxing. in my town there’s no wireless is sight so i’ll catch up with the gang every friday for the next 3 weeks. if you have any questions for me save them till then.
George,
Amzom has cut ties with your state
over a sales tax issue.
SPY and DIA are trying to fill the small gaps that they left overhead this morning, while the Q’s are still struggling with their June 15th gap. Maybe they can fill the gaps, but it feels like pulling teeth.
Paula:
Are you all comfortable with price in this IT range?
paula,
I’ll check that out about Amazon. NC is highly taxed relative to the South. I can’t blame Amazon for cutting that cord. Too many/much taxes already.
How can a business be competative with all the taxes. Now add all the clean air (which I agree with but not the way it’s proposed), carbon, overseas taxation of US companies doing business in foreign countries, and the US won’t be able to compete – on our way to Doomsville.
BTW, I’ve been a small business owner and taxes killed me.
Mitch,
If SPX closes below 920 today, IT will
turn…but I like to give it 3 days.
SDS 60-min has been crawling along a rising 100 day SMA for the last day and a half, today on very low volume.
I feel like it it is just pleading with me: “buy me here, buy me here.” Am I hearing that right or is it wishful thinking?
SKF is going to be batted down until it hits the $20s. Same with SDS. They sure will be good pops on the way back up, whenever that is…
George,
Since you were a small business owner, the
info I give you at 4 PM today will be right
up your alley.
Russell really breaking out but everything else contrdicting. shorting SPY once lower high is made
If the VIX closed right where it’s at, that would be consecutive days below the lower BB. Extraordinary. Today’s VIX action looks like a falling wedge… bullish for the VIX, not so great for the market. Last half hour may be interesting… have to make up for the insomnia-inducing day.
JG:
I’ve tried to be entertaining – now I’m tired. LOL
Junglegirl,
How do you use your wave analysis to trade?
We thought we could improve our trading
using a wave “expert” but it didn’t work.
Nas made over 61.8 retracement off the top.
Mitch… lol.
Paula… I combine waves with TA to decide how to divvy up my short-term vs. intermediate term trades, and when to take those trades.
Junglegirl,
Thanks!
Market breaking out!!
What’s up with financials today?
Dressguard:
Most are up now – a few super regionals are holding back – why I don’t know.