Author Archive

• SPX 1140 is likely
  Posted by admin on September 2nd, 2010 at 9:04 pm, Comments: 0

  Market held support at 1040. The reversal has been impressive. I think it bodes well for the continuation of rally in the short term. Market is likely to make a run for the 1140-50 area. If the market sells off because of bad jobs number tomorrow then it should be a buying opportunity in my [...]

• Confusion galore
  Posted by admin on August 22nd, 2010 at 10:01 pm, Comments: 0

  Is inflation the real risk or deflation? Is flight to safety predicting gloom ahead or recent M&A activity predicting sunny days ahead? Will weakening economic readings tank the market or better earnings carry the day? Does bullish price action in high beta stocks like PCLN, NFLX to be trusted or bearish price action in stocks [...]

• Separate portfolio for futures
  Posted by admin on August 11th, 2010 at 8:22 pm, Comments: 0

  We have created a new portfolio that is geared towards futures. It all started because some of the subscribers wanted to trade futures. Since we didn’t want to trade all kinds of instruments in the same portfolio, we have created separate portfolios. We have been trading in this portfolio for the last few weeks.
  The futures [...]

• Still in a trading range
  Posted by admin on August 8th, 2010 at 8:19 pm, Comments: 0

  Market is still in a trading range. It hasn’t been able to break the 1130 barrier yet. My thinking is that any dip before the fed is buyable. What happens after the fed is up in the air? The levels to watch are 1130 and 1148 on the upside. I do not think market will [...]

• Decision time
  Posted by admin on July 25th, 2010 at 11:24 pm, Comments: 0

  Market is at a critical point right now. If breadth is not lying as it did back in May then a breakout is imminent. It can fool every once in a while but usually leads the price action.
  The levels to watch on the upside are 1114 and 1130. Once 1130 clears then 1170 comes into [...]

• Market is bidding time
  Posted by admin on July 16th, 2010 at 5:27 am, Comments: 0

  I think this rally will prove to be a trap eventually. The unknown is how much further this market can rally before resuming its slide. The technicals are painting a mixed picture. Volume pattern is bearish where as breadth is bullish. Most of the oversold condition has been worked off so the only thing that [...]

• Market is in dire straits
  Posted by admin on June 30th, 2010 at 6:46 am, Comments: 0

  We have tested the SPX 1040 level 4 times now. Finally it gave way on an intra day basis yesterday. I think the break of 1040 has opened the door to a test of 1000 at the very least. The levels to watch on the downside are 1000 and then 950. The head and shoulder [...]

• 120.5% return in 24 weeks of real time trade alerts !
  Posted by admin on June 15th, 2010 at 9:20 pm, Comments: 0

  The following link contains trades sent from the Thinking Trades real time alert service. It includes trades that have been fully closed as of 6/11/10. On a 30k portfolio, we have generated $36151 in profits, a return of 120.5% in 24 weeks. The S&P is down .36% during the corresponding period.
  Finally the law [...]

• Where’s the fear?
  Posted by admin on June 6th, 2010 at 3:49 pm, Comments: 0

  The NYSE TRIN was at 13.2 on Friday. This is an extreme reading to say the least. Though market was down significantly, there was no panic behind the sell off. This doesn’t look like a market that’s about to bottom. This looks like a market that is getting very comfortable trading at these levels. There [...]

• Market hanging by a thread
  Posted by admin on May 21st, 2010 at 5:27 am, Comments: 0

  Market selling stopped yesterday not because there were no sellers but because the closing bell rang. Personally I am shocked that this market became so one sided in an expiration week. I was looking for the waterfall decline to start from next week but it arrived ahead of time. Expiration didn’t provide the floor and [...]