Archive for May, 2010

Rejected At The Flash Crash Lows

Posted on May 21, 2010 by Chuck KowalskiNo Comments

It was no surprise on Thursday that the market would retest the flash crash lows, but the question is whether it would pass or fail.  Thus far, it has passed. 

The market basically opened below the flash crash lows and moved higher from there.  This market loves to reverse at previous lows and Friday was no Read More…

Filed Under: E-mini Stock Futures

This Is One Ugly Chart

Posted on May 20, 2010 by Chuck KowalskiNo Comments

The market is really looking bad.  Many are still in denial that the market can actually go down.  It reminds me of when the Internet bubble popped.  The bulls were so brainwashed that they couldn’t believe the market wouldn’t bounce back after relentless selling.  The technical picture looks so bad that I have to believe Read More…

Filed Under: E-mini Stock Futures

How To Tell If A Market Is Weak Or Strong

Posted on May 18, 2010 by Chuck KowalskiNo Comments

You can get a good feel by how strong or weak a market is when you tradeoff the 5-minute charts or a similar timeframe.  The first thing you want to recognize over a couple days is whether the buy signals or sell signals are working.  Bull markets produce a lot of false sell signals and Read More…

Filed Under: E-mini Stock Futures

Will Monday Rescue The Markets?

Posted on May 14, 2010 by Chuck KowalskiNo Comments

Mondays have been very good to the markets for quite some time.  It seems like Mondays have been rescuing the markets from some ugly looking Fridays and they also resume the relentless uptrend with a big buy day.  Well, this Friday looked ugly again and it looks as if the market could roll over and Read More…

Filed Under: E-mini Stock Futures

Watch The Inside Bar For Market Direction

Posted on May 7, 2010 by Chuck KowalskiNo Comments

Volatility is wreaking havoc on the stock markets and the last two days has many traders wondering where this market is going.  I normally trade from the 5-minute and 15-minute charts, but I look at the daily charts to give me a bigger picture outlook. 

 You can see the markets had an inside day on Friday, Read More…

Filed Under: E-mini Stock Futures

Watch For The Consolidation Breakout

Posted on May 3, 2010 by Chuck KowalskiNo Comments

The market is finally seeing some volatility on both sides, but there is no clear direction.  This can be very frustrating for those looking for a selloff in the market and those looking for a resumption of the uptrend.  For those looking for an explanation of the recent yo-yo activity, look at the intraday charts Read More…

Filed Under: E-mini Stock Futures