Options expire this Friday, so let’s take a look at the open-interest on SPY, DIA, QQQQ and IWM to see if they hint at movement the rest of the week. Here’s the theory: the market conspires to cause the most pain, to cause the most number of people to lose the most amount of money. If the market is to accomplish this, what does it need to do this week?

SPY (closed 115.49)

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As I wrote about this weekend, the markets had a beautiful in spirit of
bear flag. Sure enough, it is playing out today with a nice sharp sell
off in the markets. As mentioned to my premium members on Friday, I
put the chance of a top at 70% near term. So far the markets are
playing this out like a fiddle.



The SPDR S&P 500 ETF (NYSE:SPY) is lower by $0.76 (-.65%). There
has been really no negative news today which enforces the whole idea
that charts are key to reading the market c… Continue

The markets gapped higher on Friday, only too sell off sharply. For
the first 45 minutes, the markets sold hard. Then, light volume took
over. The markets floated sideways to higher creating a beautiful in
spirit of bear flag. This pattern can be seen on charts of the
S&P 500, Dow or Nasdaq. It can also be viewed on the SPDR S&P
500 ETF (NYSE:SPY) as shown below or the PowerShares QQQ Trust, Series
1 (NASDAQ:QQQQ). Stocks also showed this in spirit of bear flag in
many charts. To view th… Continue

Welcome to benefit from building a simple average S&P-500 forecast (up, down, or sideways) for the next week. If you use more than one method, approach, or tool for prediction, it could be reasonable to give a vote for each one. "Sideways" is defined as a change within 1%.

Yesterday
CLNE broke out on an earnings related news release. Blink your eye and
you missed it. So now what? Do we do what the master TV herder says we
should do and that is just blindly buy buy buy? Or should we do what we
here at All About Trends preach all the time and that is to NOT CHASE
BUSES and let them come to us.

That said, this issue broke out at the $19 and change r

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As I research the markets day after day, I find some interesting
technical signals and signs recurring. One that I mentioned recently
was in relation to the previous 52 week high on the SPDR S&P 500
ETF (NYSE:SPY). The previous 52 week high was $115.14, until it was
taken out over the last few days. My previous thesis and call was that
the institutions, seeing the markets hit the 52 week high of $115.14,
would take the market through that level to approximately $116.00. The
reason for this t… Continue

Probably some of you remember my post DJIA update-bullish signs (Feb 10 2010… Continue

As a Chief Market Strategist, I love to look at charts, analyze and
discover swing trades in any direction. It is like going through old
baseball cards and not sure when I will find the Mickey Mantle or Babe
Ruth or better yet, sifting through sand or dirt and finding diamonds.
The markets today are showing a little bit of weakness but the
continued light volume is keeping them from selling to any significant
point. The formation on the charts from yesterday is a clear triangle
pattern which dic… Continue

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