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thoughts on markets & cetera - christopher carolan

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Entries Tagged as 'General Market Commentary'

Intraday eMini Outlook

June 28th, 2009 · 1 Comment

It’s a four day holiday week coming up.

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Tags: General Market Commentary · S&P 500

Gathering Steam

June 25th, 2009 · 7 Comments

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Tags: General Market Commentary · S&P 500

Bump Your Head

June 24th, 2009 · 2 Comments

Yesterday’s update highlighted the 895 area as the price where penetration of those double net-lines would lead to further rally. I also pointed out the improvement in the modified DMX that was signalling a rally attempt. Clearing 895 this morning has produced upside follow-through. Now what? At what prices are the eMini expected to bump [...]

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Tags: General Market Commentary · S&P 500 · The Spiral Calendar

Back & Forth

June 23rd, 2009 · No Comments

Much of our intraday work tracks the eMini as it bounces between the various channels.

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Tags: General Market Commentary · S&P 500

Where’s Support?

June 22nd, 2009 · 1 Comment

The Keltner channels were very useful pinpointing resistance last week. Thursday evening’s update stated that resistance was at 920-922 and prices rallied to 923 before turning lower. Now the question is, where is the support?

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Tags: General Market Commentary · S&P 500

That Weekly Chart

June 18th, 2009 · 3 Comments

One of the methodologies I use it to look for penetrations of ‘net-lines’, which then ideally indicate a move to the opposite Keltner channel. We noted last spring when a buy net-line was penetrated on the weekly S&P cash index chart. It’s worth following up to show that when the S&P topped at 956, the [...]

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Tags: General Market Commentary · S&P 500

Levels

June 18th, 2009 · 9 Comments

There are some pretty clear support and resistance levels as we head into tomorrow’s eMini session.

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Tags: General Market Commentary · S&P 500

Short-Term Stuff

June 17th, 2009 · 2 Comments

That 60 net-line level mentioned earlier today proved its worth.

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Tags: General Market Commentary · S&P 500

Pause

June 17th, 2009 · No Comments

At some point, declines do pause.

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Tags: General Market Commentary · S&P 500

More Down

June 16th, 2009 · No Comments

Last evening I wrote,
“The 60 minute chart indicates resistance at 925 where there’s a net-line buy level in effect until 11:30 AM ET tomorrow. Any rally attempt into that area would be a great opportunity for the short side.”
The overnight high was 924.75 and the day session high this morning was 924. Prices are now [...]

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Tags: General Market Commentary · S&P 500

Temp Support

June 15th, 2009 · 1 Comment

I’m working on the first of a series of Spiral Calendar discussion posts. They will start appearing later this week and will add a significant dimension to our analysis going forward.

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Tags: General Market Commentary · S&P 500

Daily Chart Signals

June 15th, 2009 · 2 Comments

Is the range-bound nightmare over?

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Tags: General Market Commentary · S&P 500