By Josh Hayes on April 9, 2012
Today sure was interesting. Finally. Stocks gapped lower this morning and did an excellent job of holding that support almost all day long, making the intraday session look very constructive. Unfortunately for bulls, the market does not close at 3pm EST. It closes at 4pm EST. That being the case, sellers returned and sold off [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 6, 2012
Thursday was a pretty quiet day but overall positive day for stocks following Wednesday’s selling. The fact that the market did not breakdown and selloff following Wednesday is a short-term bullish sign for the market. However, volume was well below average on days when the market rallies. Since mid-February every move on above average volume, [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 4, 2012
The market model BUY signal came under pressure yesterday and today it has switched to NEUTRAL. The internal indicators I track have all turned negative in the Russell 2000, Nasdaq, SP500, and DJIA. On top of that, pocket pivot points are being triggered in multiple inverse ETFs. Along with no new longs, recent longs failing, [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 3, 2012
What? You kidding me? Yippeeee! Finally. When is the last time I went through all of my scans and found zero setups? The answer is February 6th. What followed after that day? A month where the Russell 2000 went nowhere. Is today a signal that the market is tired of moving higher for the short-term? [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on April 2, 2012
It was an overall bullish session for stock market indexes today, despite a late day whipdy doo. According to Telechart volume was lower on the NYSE and Nasdaq. My scans, however, were loaded with stocks. In fact, it was a little overwhelming. Once again, there were a ton of long signals tonight and despite there [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on March 30, 2012
The stock market had an overall good session today with the standout being the DJIA. The DJIA had a nice day closing near the HOD on above average volume. The SP 500 also managed to close higher on heavy trade. A lot of people will say it is window dressing and it very well could [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on March 29, 2012
Today was a good session overall, I think. I say I think because the market is just one sick puppy with how it treats me lately. LOL. So not surprising it was another day of horrid fills in FXP and DUG. Thanks market makers. Thanks a lot. That on top of the hot pattern that [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on March 28, 2012
It got ugly intraday but by the close we reversed most of the losses. Volume was higher across the board and while it is a technical distribution day, the reversal off the lows suggest accumulation. Basically, the way it looked to me today in the market, it was very mixed. The bad news is that [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on March 27, 2012
Everything seemed to be going just normal today as stocks were quietly consolidating their gains from the day before. Then, 3pm rolled around and I guess whatever the stock market ate for lunch did not settle right. The market ended up puking up the quiet consolidation all over the NYSE trading floor ending lower on [...]
Posted in Silver Longs, Silver Shorts |
By Josh Hayes on March 26, 2012
I am still going through my scans as they are full of stocks and that means I have a lot of scanning to do. So far, I have spotted three for sure new longs. STAA CELG and MELI have passed the test. Two other possible new longs come from the IPO arena which is on [...]
Posted in Silver Longs, Silver Shorts |
