Category Archives: Market Update

Monday afternoon update ES

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  Today ES price action sold off into mS area of 1911 before rallying late this afternoon and hitting our T1 area of 1933.  At the close price could not stay above the 1933 area, but a high of 1940 was … Continue reading

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SPY daily sell fails…

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The SPY triggered the daily sell yesterday only to gap up above the entire area overnight.  This failure is a very powerful signal that the market is heading higher. SPY Daily 12292015 Click on chart for a larger view Here … Continue reading

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ES and SPY price action for Monday…

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  The ES has failed several times to go higher and has formed an M top on the 60 minute chart.  We have a nice void below to the 2031 level first stop on the 60 minute chart and the … Continue reading

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2016 market predictions…

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  After reviewing the SPY charts for a friend I have concluded that the longer time frames of the SPY are beginning to look more volatile with larger price swings producing wide and whippy price action on the monthly, weekly, … Continue reading

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QQQ morning update and TradeHank’s screw up in LLY

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The QQQ opened neutral @ 79.55 and immediately set the high for the day so far @ 79.72 and sold off hard.  In the pre-market price had already traded below major support @ 79.48 area which was a hint of … Continue reading

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QQQ morning update and TraderHank’s play in the QQQ and TGT

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The QQQ gaped below the last pivot low @ 79.30 to open @ 79.14 ending the uptrend on the 5 and 15 minute time frames.  The Q’s rallied into 10:00 am reversal time and triggered the first sell set up … Continue reading

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QQQ closing update and TraderHank’s play of the day in JCP

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The Q’s opened up neutral @ 78.88 and headed lower breaking the prior low pivot made on Monday @ 78.45 to set the day’s low @ 78.40 by 10:10 reversal time and confirming the 60 minute down trend was still … Continue reading

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QQQ afternoon update and TraderHank’s play of the day in NTAP

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The QQQ opened with a small gap up to the top of yesterday’s afternoon base @ 79.00 and went sideways until 9:55 am reversal time when price broke down.  The Q’s sold off hard into 10:20 am to set the … Continue reading

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QQQ update and TraderHank’s play in WAG

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The QQQ gaped up this morning above the prior 15 minute pivot to open @ 79.34, then sold off for the first 5 minutes taking out the low causing traders to enter short. Price soon recovered closing near the high … Continue reading

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QQQ update for Friday, September 20th, 2013, and TraderHank’s stock picks…

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After  Yesterday’s sideways price action, If the Q’s trade or gap above the 79.70 area I would look to take the first 5 or 15 minute buy that occurs near 10 am or 10:30 am reversal time,  I’d stay long until … Continue reading

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