Tuesday, March 9, 2010

ChartsEdge TCI update and Pattern Recognition map for 3/9

Welcome to "Turnaround Tuesday", the Tuesday before opex week which is
the favorite trading day for many! Also, options traders are now
exiting near-month options purchases in order to avoid the viciously
parabolic loss of premium over the next 8 trading days, rolling
positions forward into later-month contracts. As for the stock market
- the bullishness is finally more apparent, while signs of being
overbought are cropping up. So tread carefully as always, and happy
market navigating! And thanks to Mike Korell of ChartsEdge for the
charts below, from his site at http://www.chartsedge.com/wp/
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Trader Confidence Signal?

Posted: March 9th, 2010 | Author: Mike Korell | 
Filed under: One-Day Market Map | No Comments »


Pattern Recognition

Posted: March 9th, 2010 | Author: Mike Korell | 
Filed under: One-Day Market Map | No Comments »

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