Day Summary

Markets tried to correct its oversold conditions by trying to rally today but volume was lower again. As I said earlier that markets need to consolidate and go range bound for a while so that bulls can launch a new attack otherwise the lower we slip more hard it would be for bulls to keep market afloat.

Day Summary

Huge selling on huge volume, which clearly shows distribution day in markets today, markets should quickly find a footing and hold the lines for it to go higher otherwise we may go down pretty hard. Bought JNJ today and covered my Q's short. Oil is really getting scary now almost a straightline parabloic move in oil, if it drops it may drop hard. Gold has started to rally again and not pulling back to give an entry. I mentioned EWC was reaching resistance and had a reversal today, booking some profits in there is a good idea. PGH continues to climb higehr and no nearby topping signs yet.

Day Summary

As I wrote yesterday that this could be an interesting week, we got a taste of it today both DIA and SPY fell on above avergae volumes. We are in a crucial retracement zone and were due for a pull back. The question is that would bull start coming and hold the lines and consolidate here or does bear start its roll? For now I have a mixed bag of portfolio but I am more long than short. If the bear market is over than I suspect some sideways movement in the markets may be for 2-3 weeks before it heads higher, if we are in bear market then we can seem some serious selling pretty soon. Intermarket analysis points to some downward pressure on markets ahead. Dollar has started to fall again and gold, bonds currencies are starting to gain ground again, but Dollar may very well go and retest its lows and hold that would be bullish for equities, lets see how it folds ahead.

Day Summary

Tech lagged the markets today but transport performed well , this week looks interesting and wthis week could set up to be an interesting one. Bought GA, FEED. EWC and PGH continues to perform well , but EWC is reaching its resistance and it may be a good idea to take some off table. Wanted to buy GLD but its overbought now and may wait for pull back.

Day Summary

This colatility is expected in options expiration week, markets are consolidating and not giving too much as of now, but Q's and transports are charging higher a good sign. Crude looks very toppy and over bough while keep a close eye on GLD (Gold) its getting very close to givnig a buy signal. DBA (agri etf) is also getting close to buy signal.

Day Summary

Markets are entering a choppy mode now and have started formign a squeeze, it may take week or two weeks to resolve this and which ever way it fires would be the way to play the market. For now individualt stocks may keep on working. Energy sector again outpeformed today with xle and oil and nat fas hitting fresh highs.

Day Summary

Markets were oversold last week and they got the bounce today, I had bought XLY anf XLF on thursday friday which most probably I will sell tomorrow. Even todays big rally is missing on volume and is a cause of concern so a close monitoring of the positions is a good idea. Crude retreated today after huge run last week, this parabolic move in crude makes me nervous and we might soon get a blow off top in crude, which may be good for equities and may address inflation concern, but for now crude is up up and away. Gold is really trying to hold well here and we may be basing in gold. Tech and Transport is leading the markets which is a healthy sign but lack of volume is a thorn in the eye. EWC (Etf for candian stocks) which I bought last week continues to perform well and its clearly out performing US markets. I think EWC could be a good long term play. Also watching EWZ (Brazilian etf) which has hit a new high in midst of all these bearishness worldwide any pull back on it could be a good entry.

Day Summary

The resistances which were broken last week are now acting as supports and markets are trying to hold these levels. Clearly Q's are the leader and tech is performing really well, I would expect to see some more sell off before things can be be bought but I have started nibbling and took some position in XLF today which I will add on to if it pulls back some more tomorrow. My stop is below 24. I may also buy some IYT, XLY if it gets to my entry tomorrow. Energy,Natgas and Crude crude keeps on working and gold is firming up a little so are ag commoditites.

Day Summary

As I outlined yesterday markets sold hard from their 200ma on heavy volume, this selling shouldnt break techncial supports for this rally to continue forward otherwise bulls may lose the advantage. Anyhow I will be buying IYT, XLF and XLY on this pull back tomorrow or day after if I get my entry for a quick trade.

Day Summary

Markets are at 200 ma resistance and are struggling, for bulls to continue forward markets need to consoildate at these levels without giving up too much grounds on the downside. Oil hit a new all time high today, as I had mentioned in my previous post that we need to see if last weeks sell off in oil was a sector rotation or just a blip on radar, I think we pretty much got the proof today. Oil svcs sector rose too and the bull market in energy continues. I think Gold is reaching area where it can find support on long term charts and may base around here. It might give us a long entry in next few days. Bought some EWC today , the candian etf looks ready to run and may run up to retest its highs.

Day Summary

Now since 1400-1405 has been breached on s&p I think we may look ahead for this rally to continue some more. I am planning to take some position in XLF next week on a pull back. Energy sector seemd like had a big sell off yesterday but everything bounced right back today, I would like to see XLE to consolidate at this level and hold its brkout point if not then we may be headed towards a false upside breakout in energy sector. Tech is clearly showing strength and transportation index is also cruising ahead.