Tradesight Market Outlook for 12/1/10

Tuesday was a typical month end mess. Gap down, then recover and the ultimately lots of white noise and nothing much to show for it. The market is bending but not yet breaking. The daily candle was both a downside CPS and also a camouflage buy signal which means that...

Tradesight Market Outlook for 11/30/10

First touch—Monday was the first interaction with the 50dma (red) since the first trading day in September. This will be an important area of interest for days to come. The 50 should provide support when it’s first tested and would be a strong confirmation of a change...

Forex Recap for 11/29/10

EURUSD made a bigger move than the GBPUSD, but we still had a winner with nice use of the Levels and more. See GBPUSD below. Very technical use of the Levels in general. New Levels will be out after 5 pm EST. EURUSD with Levels, exceeded average daily range (dashed...

Stock Recap 11/23/10

With each stock’s recap, we will include a (with market support) or (without market support) tag, designating whether the trade triggered with or without market directional support at the time. Anything in the first five minutes will be considered WITHOUT market...

Tradesight Market Outlook 11/24/10

The SP lost 20 handles on the day, mostly from the news driven gap. The previous fair value area of 1198 has left an island pattern and trapped the buyers from that level. Key support remains at 1170(50dma). Naz was lower by 35, closing right at the 3 day low. Naz has...

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