Monthly Archives: July 2011

Gold (GLD) Continues to diverge with Miners (GDX)

July 31, 2011 Posted by admin under Commodity Analysis, Swing Trading Ideas
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Gold Continues to diverge with Miners GLD, the Gold ETF and GDX, the gold miners ETF, have a history.  Generally GDX has led gold and you can read an intro to this topic here: http://vantagepointtrading.com/archives/4519 Currently GLD and GDX are diverging as GLD makes new highs and GDX sinks.  This indicates that the fundamental drivers of…

Stock Market Outlook & Stocks to Watch – July 29

July 29, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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This will be very brief today.  Full analysis as well as a look at gold, oil and some major currency pairs will be forthcoming in the weekend newsletter (sign up is along the right hand side of the site). SPY, the S&P 500 ETF, closed down 0.29% to 130.22. Support is at Thursday’s low, 130…

Debt Ceiling – It’s the Economy, Stupid!

July 28, 2011 Posted by admin under Economic Data, Food for Thought
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The following comes from Colin Twiggs of IncredibleCharts.com and is an opinion piece on the debt ceiling deadline which is rapidly approaching – August 2.  I will add a few of my own thoughts at the end… It’s the economy, stupid By Colin TwiggsJuly 28th, 2011 5:00 a.m. ET (7:00 p:m AET) These extracts from…

Stock Market Outlook & Stocks to Watch – July 28

July 28, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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Weak across the board; stock markets, gold and oil all down.  SPY, the S&P 500 ETF, finished down 1.3% to close at 131.60. Support is at Wednesday’s low, 130.40 (rounded) and further down at 129.60 and 128.40. Average True Range (ATR) crept up today to 1.76. This can give approximate daily extremes for Thursday (131.60 +/-…

Financial market video update – July 27

July 27, 2011 Posted by admin under Stock Market Analysis
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Adam Hewisons mid-day market update (by the way you catch these everyday on the Daily Market Update page): Unlimited access to this and other trading videos FREE! Click Here!

Stock Market Outlook & Stocks to Watch – July 27

July 27, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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The overall outlook for US equity markets was mostly unchanged Tuesday.  Support was slighly penetrated intra-day, but closed right above it.  SPY, the S&P 500 ETF, closed down 0.37% to 133.33 Average True Range (ATR) is1.68.  This can give approximate daily extremes for Tuesday (133.84 +/- 1.68). Support for SPY is at 133.03, 132.67, 132.42 and…

Stock Market Outlook & Stocks to Watch – July 26

July 26, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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SPY managed to recover some of the gap down on Monday, but was unable to fully recover.  The S&P 500 ETF finished down 0.56% to 133.84. While it was a fairly action filled day, with few ranging periods (which have been the normal as of late) Monday was well within the daily average range.  Average…

Stock Market Outlook & Stocks to Watch – July 25

July 25, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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Friday finished basically unchanged, up slightly, with the SPY closing the week at 134.58. Resistance is close by at 134.82-134.90.  This is followed by the July 7 high at 135.70. Support is at 133.76, 133.15, followed by 132.67. Daily average range (14) is 1.63.  This can give approximate daily extremes for Monday (134.58 +/- 1.63).…

Stock Market Outlook & Stocks to Watch – July 22

July 22, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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“It won’t go down, and I don’t know why!”  And I am talking about the market!  Strong day Thursday, with SPY up 1.39% to 134.49.  This puts it in a pretty interesting spot.  Intra-day SPY tried to filled the gap we saw on the morning of July 11, and we closed right at the bottom…

Stock Market Outlook & Stocks to Watch – July 21

July 21, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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Smaller daily range on Wednesday than we have been seeing lately. No important support or resistance levels were breached. Near term support is 132.42, which is Wednesday’s low.  Support is at 131.50 followed by 131.30 (very near Tuesday’s open price).  Moving below this we begin to fill the gap between Monday’s close and Tuesday’s open…

Stock Market outlook & Stocks to Watch – July 20

July 20, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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Strong day the US stock markets on Tuesday, with SPY (S&P 500 ETF) gaining 1.62% to close out at 132.74. Near term support is at 131.50 followed by 131.30 (very near Tuesday’s open price).  Moving below this we begin to fill the gap between Monday’s close and Tuesday’s open with support being Monday’s close at…

USD/CHF & GBP/USD – Technical Outlook

July 19, 2011 Posted by admin under Day Trading Ideas, Swing Trading Ideas
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The following is a brief longer-term outlook of the USD/CHF and GBP/USD . USD/CHF The downtrend channel continues in the pair, with the channel starting early this year.  Currently a move above 84 would signal a break of the trend and upside potential.  The bottom of the channel is at 79, which should act as support on…

Stock Market outlook & Stocks to Watch – July 19

July 19, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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SPY bounced off the 129.80  support level, but still finished down 0.82% to 130.60.  Support remains at 129.80 followed by 128.50.  Average True range is 1.68, which can used to approximate the price range on Tuesday from Monday’s close. ( 130.60 +/- 1.68). Resistance comes in at 131.80, with little above that until 133.20 (which…

Stocks to Watch & Market Outlook for July 18

July 18, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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Friday managed to pull the SPY back above support, closing at 131.69.  Short-term trend is down within a long-term ranging environment.  Average True Range (ATR) is 1.66 which provides a likely range price will trade within +/- the previous close for Monday.  Support is Thursday’s low at 130.68.  Further support at 129.80.  Resistance at at Thursday and…

Day Trading Stocks – What to watch on July 15

July 14, 2011 Posted by admin under Day Trading Ideas, Stock Market Analysis
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Thursday almost looked like a carbon copy of Wednesday.  We closed below support on SPY, look for the 130 level to be approached Friday or early next week.  Average True Range (ATR) is above 1.70 so that 130 level could definitely be in play tomorrow; SPY closed out the day at 130.93, down almost 0.7%. Slow trading…

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