Bryan Leighton's Blog – May 2009 Archive (16)

Channel Break Down On Watch In SPY's

watch goldman, volume, and be aware with the weekend ahead a solid break will take some effort. confirmation is a must.

Source: InTheMoneyStocks Rant and Rave

Added by Bryan Leighton on May 29, 2009 at 11:37am — 1 Comment

New Home Sales Numbers Released; Show Data That Cannot Be Trusted.

The new homes sales numbers came in slightly lower than expected, but once again, the revision to last month was shocking. This again shows that any number we get will be revised much lower next month. It brings to the forefront the issue of any data the government is giving us.

Source: InTheMoneyStocks Rant and Rave…

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Added by Bryan Leighton on May 28, 2009 at 10:46am — No Comments

Markets Continue To Inch Higher In Light Volume Post Holiday Happy Fest

The markets have staged a monstrous rally today on the back of an AAPL upgrade, financial strength headed by Goldman Sachs and JP Morgan Chase and of course the consumer confidence numbers which were realeased at 10am ET. The initial spike was on volume, however, once that was over the post holiday volume took control and have let the markets inch up higher all day. It is an impressive up day without a doubt. The key will be can it hold once regular volume returns in the coming days. Watch for… Continue

Added by Bryan Leighton on May 26, 2009 at 3:00pm — No Comments

The Market Hitting 3 Major Levels

The SPY has hit three major levels. One is the pivot support line from yesterday. The second is the 20 moving average. The third a .618 Fib retrace level. All this area is a big area for this market which had gapped slightly higher and fallen off a small cliff here. Worries about the dollar continue to be the driving catalyst. If this $88.75 level breaks, watch for double bottom from yesterday. Minor support along the way will be $88.50.…

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Added by Bryan Leighton on May 22, 2009 at 9:59am — No Comments

SPX CASH 875-870 NOW IN PLAY

Source: InTheMoneyStocks Traders Rant and Rave

Added by Bryan Leighton on May 21, 2009 at 2:58pm — 1 Comment

AMERICA EXPRESS POSSIBLE HEAD & SHOULDERS TOP DEVELOPING

Source: InTheMoneyStocks Rant and Rave

Added by Bryan Leighton on May 21, 2009 at 11:49am — No Comments

Goldman Sachs Showing Weakness Today...Watch These Levels

Source: InTheMoneyStocks Rant and Rave

Added by Bryan Leighton on May 20, 2009 at 11:19am — No Comments

Markets Trading Tick For Tick Inverse To The US Dollar

Source: InTheMoneyStocks Traders Rant and Rave Blog

Added by Bryan Leighton on May 15, 2009 at 11:12am — No Comments

Patterns Likely To Fail When No Volume Is In The Market

Source: InTheMoneyStocks.com Traders Rant and Rave Blog

Added by Bryan Leighton on May 14, 2009 at 3:04pm — No Comments

Major Trend Line On 60 Minute SPY To Watch. Could This Be The Big Break?

Source: InTheMoneyStocks Rant and Rave Blog

http://www.inthemoneystocks.com/userfiles/image/SPY05_12_2009.jpg

Added by Bryan Leighton on May 12, 2009 at 12:22pm — No Comments

The Beauty Of Support Buys And Resistance Sells/Shorts

Look at this chart of the SPY today. Levels continue to work in a beautiful way.

Source: InTheMoneyStocks Rant and Rave Blog

Added by Bryan Leighton on May 11, 2009 at 12:04pm — No Comments

Once Again, Light Volume Takes Over Into Lunch, Markets Slide Higher

The common theme has been light volume, markets up. Is it healthy? No. Does it get the job done? Yes. When light volume is behind any move in the markets, as a trader, you must be suspect of it. However, no point in fighting city hall on a Friday. Friday's are almost always up. Why? Light volume allows for psychology to float the markets higher. The human race by nature is optimistic unless reason gives them to not be. Throw in a couple fishy buy programs, as well and the want of those in the… Continue

Added by Bryan Leighton on May 8, 2009 at 11:46am — No Comments

Major Trend Line Hit But Market Looking Weak For Now And May Head Lower. Be On Alert

RealTick graphics used with permission of Townsend Analytics, Ltd. ©1986-2009 Townsend Analytics, Ltd. All Rights Reserved. RealTick is a registered trademark of Townsend Analytics, Ltd.
Source: InTheMoneyStocks Traders Rant and Rave Blog

Added by Bryan Leighton on May 7, 2009 at 10:14am — No Comments

Goldman Sachs Keeping Market From Dropping Further As It Holds Onto Minor Gains...

Goldman Sachs continues to hold the market up here as it trades higher by $.95. Goldman resistance is at $135.50. Watch to see if that holds. If it breaks out, market may get a continued bounce higher here. Market is weak on the day, being helped by weakness in the commodity stocks like XOM, X, AKS to name a few. Possible bearish pattern on the SPY right now. However, everything lies in what Goldman Sachs does.

Source: InTheMoneyStocks.com Traders Rant and Rave… Continue

Added by Bryan Leighton on May 5, 2009 at 11:43am — No Comments

RIMM Upgraded To Conviction Buy...However, Chart Tells Different Story

Goldman Sachs upgraded RIMM to conviction buy this morning. However, by looking at the weekly chart on RIMM, we see a major resistance level coming into play at the 50ma at $76.50. This does show that from the close on Friday at $72.30, RIMM has some room to push, but be aware a pullback on the horizon upon hitting the 50ma is highly likely.

Source: InTheMoneyStocks Traders Rant and Rave Blog…

Continue

Added by Bryan Leighton on May 4, 2009 at 9:35am — No Comments

Market Bounces Off The 200MA. So Far Inside Bars May Yield Another Drop...However...

Note the volume getting light and lighter. Also, take a look at Goldman Sachs chart. Light volume with GS up can keep the markets floating, especially on Friday.

Note below support lines.

Source: InTheMoneyStocks Rant and Rave Blog

Added by Bryan Leighton on May 1, 2009 at 11:02am — No Comments

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