Forex Calls Recap for 3/30/12

Totally flat session to end the quarter, which isn't a surprise. See EURUSD below.
Here's the US Dollar Index intraday with our market directional lines:

As usual on the Sunday report, we'll take a look at the action from Thursday night/Friday, then look at the daily charts with the Seeker and Comber counts separately (nothing new to see, but watch the continuation of last weekend's conversation about USDJPY action), and then look at the US Dollar Index.
EURUSD:
Triggered long at A, finally stopped at B, very flat:


Stock Picks Recap for 3/29/12

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 support because market direction cannot be determined that early.
From the report, CTRP, MDRX, and CAVM gapped under, no plays.
In the Messenger, Rich's AAPL triggered long (without market support due to opening five minutes) and worked:

His AMZN triggered long (without market support) and worked:

His VXX triggered short (market direction irrelevant with an ETF) and worked:

His SHLD triggered short (with market support) and didn't work:

His PNRA triggered long (with market support) and worked:

His NFLX triggered long (with market support) and worked:

In total, that's 4 trades triggering with market support, 3 of them worked, 1 did not.


Forex Calls Recap for 3/29/12

Not much for results. Basically a loser, a winner, and a flat trade. See EURUSD and GBPUSD sections below.
Here's the US Dollar Index intraday with our market directional lines:

New calls and Chat this evening.
EURUSD:
Triggered short at A, dead flat after, never hit first target or stop, closed at B:

GBPUSD:
Triggered long at A and stopped. Triggered long in the morning at B, closed at C in the money as it hadn't hit first target or stop:


Forex Calls Recap for 3/29/12

Not much for results. Basically a loser, a winner, and a flat trade. See EURUSD and GBPUSD sections below.
Here's the US Dollar Index intraday with our market directional lines:

New calls and Chat this evening.
EURUSD:
Triggered short at A, dead flat after, never hit first target or stop, closed at B:

GBPUSD:
Triggered long at A and stopped. Triggered long in the morning at B, closed at C in the money as it hadn't hit first target or stop:


Tradesight.com Market Preview for 3/29/12

The ES lost 6 handles on the day and filled the open gap in the process which crosses this off the to-do list. Thursday is the day before the end of the month and more importantly the end of the quarter which is the cue for window dressing. Be flexible and respect a return to the dominant upside bias.

The NQ futures were again relatively strong vs. the ES only losing 7 on the day. The 8/8 Murrey math level is just over head and both a draw and strong resistance if reached.

Multi sector daily chart:

The SOX is still relatively weak vs. the NDX and is still a cause for concern for the bulls.

The BTK was the top gun on the day but registered a camouflage sell signal below the high of the move.

The BKX closed right at the 8/8 level showing relative strength but didn’t make a new high on the move. A new high here on Thursday could well be a false move on window dressing so beware.

The OSX bearishly close below the 200dma and a close below Wednesday’s low would qualify the breakdown.

The SOX was much weaker then the broad market and NDX. The Seeker sell signal is still active.

The XAU was the last laggard and closed at a new low. This should not be surprising since it’s the weakest sector of the quarter.

Oil:

Gold:

Silver:


Stock Picks Recap for 3/28/12

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 support because market direction cannot be determined that early.
From the report, HGSI gapped up and opened right at the trigger, which is never really an ideal trigger, worked a little and then came back (gaps tend to fill):

APKT triggered short (with market support) and worked enough for a partial, not much else:

In the Messenger, Rich's BIDU triggered short (with market support) and worked:

His SINA triggered short (with market support) and worked:

His FSLR triggered short (with market support) and worked:

TEVA triggered short (with market support) and worked:

Rich's VMW triggered long in the last few minutes, didn't have enough time to do anything:

His SHLD triggered short (with market support) and worked:

His CAT triggered short (with market support) and didn't work:

In total, that's 7 trades triggering with market support, 6 of them worked, 1 did not.


Forex Calls Recap for 3/28/12

The EURUSD and GBPUSD went opposite directions overnight, missing our triggers, and then the EURUSD finally triggered in the morning. See that section below.
Here's the US Dollar Index intraday with our market directional tools:

New calls and Chat this evening.
EURUSD:
Finally triggered short at A and stopped:


Forex Calls Recap for 3/28/12

The EURUSD and GBPUSD went opposite directions overnight, missing our triggers, and then the EURUSD finally triggered in the morning. See that section below.
Here's the US Dollar Index intraday with our market directional tools:

New calls and Chat this evening.
EURUSD:
Finally triggered short at A and stopped:


Tradesight.com Market Preview for 3/28/12

The ES was lower on the day by 8 handles and was totally controlled by yesterday’s range. This leaves an inside day on the chart which works off a tiny bit of the overbought energy in the pattern.

The NQ futures were again relatively strong vs. the SP side. The Naz futures were lower by only 1 point on the day. Price did make a new intraday high on the move so there is no question that this was a range high distribution day. The end of month chicanery is about to start so be prepared for some more volatility.

10-day Trin:

Multi sector daily chart:

The SOX continues to struggle vs. the overall NDX:

The NDX still has good relative strength vs. the SPX:

The most notable intermarket divergence continues to be the OSX which bearishly lags crude futures.

The SOX was unchanged on the day almost touching the risk level from the Seeker sell signal.

The BTK traded inside yesterday’s range.

The BKX was lower on the day and weaker than the broad market. Possible signs of fatigue but be sure to allow for end of quarter nonsense in the sectors that have been attracting money.

The OSX was again the last laggard and is just above the very key support area of the 200dma.

Oil:

Gold:

Silver:


Tradesight.com Market Preview for 3/28/12

The ES was lower on the day by 8 handles and was totally controlled by yesterday’s range. This leaves an inside day on the chart which works off a tiny bit of the overbought energy in the pattern.

The NQ futures were again relatively strong vs. the SP side. The Naz futures were lower by only 1 point on the day. Price did make a new intraday high on the move so there is no question that this was a range high distribution day. The end of month chicanery is about to start so be prepared for some more volatility.

10-day Trin:

Multi sector daily chart:

The SOX continues to struggle vs. the overall NDX:

The NDX still has good relative strength vs. the SPX:

The most notable intermarket divergence continues to be the OSX which bearishly lags crude futures.

The SOX was unchanged on the day almost touching the risk level from the Seeker sell signal.

The BTK traded inside yesterday’s range.

The BKX was lower on the day and weaker than the broad market. Possible signs of fatigue but be sure to allow for end of quarter nonsense in the sectors that have been attracting money.

The OSX was again the last laggard and is just above the very key support area of the 200dma.

Oil:

Gold:

Silver: