Author Archive

• S&P 500 SPY Support & Resistance Levels prior to NFP
  Trading Points, Joe Acevedo | January 8th, 2010 at 7:40 am

  

  Monthly Unemployment Numbers are reported this morning which should make many market analyses moot. That said, here are the support and resistance levels of the S&P 500 ETF for multiple time periods:

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• Gold still struggling at 1125 –1133 resistance
  Trading Points, Joe Acevedo | January 6th, 2010 at 7:49 am

  

  Spot Gold tagged 1125 resistance on Tuesday after s stellar rally on Monday. Tuesday’s sell-off declined –13.75 points to symmetrical support and the daily 55 Mov Avg level. Yesterday’s price action triggered a Low Range Close signal suggesting some spillover weakness in Wednesday’s trading following Tuesday’s weak close.

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• US market reverses thin holiday week sell-off
  Trading Points, Joe Acevedo | January 5th, 2010 at 7:51 am

  

  Prior to the New Year’s Holiday, the Hang Seng China Enterprises Index HSCEI closed on its highs, while the US market swooned in the last hour and sold off to just under 1116 at the close. The dichotomy between the two indexes, gave me pause for Monday’s trading.

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• US Dollar zig-zag “ABC” type correction into daily support
  Trading Points, Joe Acevedo | January 4th, 2010 at 12:40 pm

  

  The rally from monthly 74.44 support, rallied to weekly symmetry resistance @ 78.41 two weeks ago. If this US Dollar rally has legs, ideally Monday’s low should hold. There is a strong 240 min chart support between 77.05 — 77.24.

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• Gold attempting to base above monthly support
  Trading Points, Joe Acevedo | December 30th, 2009 at 9:53 am

  

  The Immediate hourly trend is bearish in Gold below 1096. Currently the commodity has retraced 61.8% of the rally from the 1074.90 low on 22 Dec. and is attempting to base above Monthly support. Holding above 1089–82 and rallying above 1116 would be bullish and be very constructive for the bullish case

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• S&P 15 min bullish pattern in tact
  Trading Points, Joe Acevedo | December 29th, 2009 at 7:56 am

  

  Despite thin markets, the S&P rally on the 15 min chart is firmly bullish and at yesterday’s PM lows respected 15 min symmetry support. Daily and hourly support moves up to 1097 — 1110.

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• Looking to China for Clues
  Trading Points, Joe Acevedo | December 28th, 2009 at 7:02 am

  

  The Hang Seng China Enterprises Index HSCEI (the investable B shares of mainland Chinese companies) provided an excellent “tell” on whether the March ’09 panic lows were a tradable and it turns out a long term investable bottom for the world equity markets as well.

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• Semiconductor Index Reaches Daily Technical Extreme
  Trading Points, Joe Acevedo | December 22nd, 2009 at 7:55 am

  

  The Semiconductor Index $SOX as reached a daily technical extreme with a Daily DeMark Sequential Sell Signal triggered on 21 Dec.

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• Weekly Currency Review
  Trading Points, Joe Acevedo | December 8th, 2009 at 8:15 am

  

  Multiple time-frame review of major currency pairs. Intended to get this Weekly Review out over the weekend as part of a regular rotation of S&P Major Index Sectors, Forex, Commodities, International Indexes.

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• S&P Financial Sector 1 Dec
  Trading Points, Joe Acevedo | December 1st, 2009 at 7:08 am

  

  The S&P Financial Sector rebounded swiftly from Friday’s lows. Opening at the low on Monday and closing sharply higher at the highs, triggered a number of interesting signals for today’s trading 1 Dec Monday’s price action closed above hourly symmetry resistance of 14.65.

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• S&P Sector Weekly Review 30 Nov
  Trading Points, Joe Acevedo | November 30th, 2009 at 10:24 am

  

  On Friday most S&P Market Sectors gapped down hard over the Thanksgiving holiday on the news of the default possibility of Dubai’s sovereign wealth fund. China, Europe and the US were down sharply overnight as some risk premium was being priced into the market. Every market sector opened on Friday at or close to their 1.272 price extenison from the previous hourly price swing higher. Instead of a trend day rout, the markets turned on a dime. The rally, off the opening lows, followed true to form, with the Consumer Sectors outpacing the rest of the market.

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• S&P weekly Sector Review
  Trading Points, Joe Acevedo | November 23rd, 2009 at 8:30 am

  

  Trading seems most tough when you have the 15 min and hourly charts turn negative while the daily and weekly trend remain bullish in virtually all market sectors. Is it the market turn or not? Well it really all depends on your trading time-frame.

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• S&P Market Sector Weekly Review
  Trading Points, Joe Acevedo | November 16th, 2009 at 8:27 am

  

  S&P Weekly Sector Review and Day Trading Signals for Monday 16 Nov trading:

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• By the Numbers — a statistical look at market signals
  Trading Points, Joe Acevedo | November 15th, 2009 at 12:22 pm

  
  One of attractions of system trading is absolute faith that the your trading model is statistically valid. Discretionary traders often are hesitant to act on certain signals and waiting for some additional market confirmation comes at the price of reduced profit potential.

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• S&P Market Sector Review for Tuesday’s trading
  Trading Points, Joe Acevedo | November 10th, 2009 at 8:30 am

  

  The Bulls believe that this rally is on a solid foundation and climbing a wall of worry. While the bears see this as a liquidity induced rally, fueled by a rapidly depreciating dollar.

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