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Chris Tyler
Since we last left off, investors have pared down their holdings. The green pastures have been neatly trimmed down to price supports in the SPY, while the DIAs are still trying to bloom underneath (more)
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Not much has changed...quite literally. The VIX was unchanged on the session, and so is our opinion on trading the market action, (more)
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Since our last report the ETFs have managed to turn in two solid trend days that has many investors probably scratching their heads. Price and volume action continues to say 'yes' to a sustainable rally out of our recent daily (more)
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Wednesday's 'box of chocolates' came up empty after unwrapped. Coca-Cola fizzled any attempts at a rally this morning, as inspiring (more)
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Life really is like a box of chocolates. Friday, with the indices reversing to close poorly, the appropriate trade was to lean short (more)
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When we last left off, the ETFs were attempting to show support for the first levels off technical support. A very short lived attempt at higher prices in the early going was followed by some very attractive RST and 1,2,3 reversal action at lower prices, (more)
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After the latest euphoric bid in the market, due to the emotional response of investors cheering on the toppling of Saddam's statue, (more)
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Monday brought in the markets favorite 'ace in the hole', as the 'war card' was played once again for a nice upside pop in the ETFs. For market players, this trick seems to be losing its effectiveness though (more)
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More mixed signals in the markets as we close out the week. Technology was held hostage in Friday's session due to some high profile warnings from Peoplesoft, Affymetrix, and STMicroelectronics. (more)
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Since we last left off the the SPYs and DIAs have each tested, and held their 50% Fibonacci retracement levels from the March lows. Today's action saw a price gap off of these levels, with the ETFs establishing (more)
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Friday marked another day of inertia by Wall Street. We left off Wednesday night with an inside day, a session of markedly lower volatility. In today's trade investors were treated to more of the same, on much lighter volume (more)
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With the ETFs closing the session in what is best described as an 'inside day', it goes without saying that it was most likely a quiet session on Wall Street. As eyes and ears were tuned in to Radio Baghdad, (more)
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Since we last left off the ETFs were pressing ever skyward. Clear sailing conditions actually produced two more days of glorious gains, from the darkest reaches of the abyss seen the prior week. (more)
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Was today the calm before the storm? Time will tell of course, but with the indices establishing another leg higher since we last left off, today's consolidation type activities gave plenty of opportunity to batten down the hatches, or pull in the sails a bit (more)
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Since we left off the ETFs staged an amazing continuation run higher in Thursday's trade before settling in to close deep in resistance zones of prior congestion. (more)
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In today's session the VIX was a very well behaved index. (more)
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Like impetuous school children the VIX and VXN are going along for the ride...albeit grudgingly. As the ETFs logged a distribution day in today's (more)
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Home on the range....since our last report, the VIX and VXN have become more accustomed to their comfortable digs on the daily charts. The ETFs were all up today, on better than average volume, and right back into their respective trading ranges (more)
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Since our last report, the semis (SMH) did indeed lead the way....down. An initial gap higher into resistance levels left all of the ETFs, as well as the leading semiconductor sector, reversing course within the first half hour, and subsequently trending lower (more)
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Lots of chop on the daily perspective in the ETFs since we last left off. In a news driven environment with the averages being held hostage by geopolitical affairs we should probably expect little else, and why the chart below might make a case for support in volatility premiums. The ETFs as (more)
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