LVS, GTF

Check it out LVS breakout, great intraday trade during friday, coiling and break to the upside 3 times, now its in nice little uptrend channel, suggest buy at rising support.

Here is a hidden gem, insiders have been accumulating this almost daily, check out the rising volume, I can not promise however this will explode in a few days but it does look like a perfect time to load up while this is still under the radar, 501(k) for its Autologel coming up 12/07, its a bit early but this looks like a no brainer, load up now to maximize your profit.

ETFC Huge Breakout

Rising resistance at 1.70, next major resistance at 2.

Bear trap

Everything corrected, bullish trend ensues. I was wrong this was another bear trap. will post some charts later.

Change of direction

A reasonable pullback will continue, we broke down resistance and ended around the second support of 980 area, I think we could possibly test 950 - 890 range before a real rebound so should take your profit as soon as possible and either hold on to your cash or load on some hedges like FAZ, EDZ, SRS, SPY, BGZ. Vix broke out of the downward slope resistance, and closed above it, note this is the first time VIX decisively closed above that line so could signal some significant rebound in the VIX, well nothing is a sure thing but let the market tell us whats going to happen.


A breach through the 31-32 range would be devastating for the market. Note the huge white candle close above the the downward resistance in almost 6 month.

Check out multiple resistance coming our way(gap fill), looks like testing 950 or even lower could be possible.

A short term top seems to be forming for institution accumulation.

In my opinion if we do get a minor rebound tomorrow or late this week, is time to built some short positions and let go of your longs.

Short term SPX action

So our target right now is move back to the main channel that was in play here, since we broke down to the main support down here at 992 area we are forming a ascending triangle and looking to break the overhead resistance, if this fails however we are looking at retest the 992 then possibly 980 area.



The vix is still moving side ways, we are looking at retesting support area at 24.25 and if possible and breakdown of that area should sent the market soaring.

Let's look at some individual stocks

CNO


AEZS


MPG


MGM


KOG

FOMC day

Alot of anticipation in the market today as we opened higher and quickly changed to a sideways movement waiting for the word from the fed. The fed didn't really tell us much besides unchanged interest rate and positive economic outlook. We had a mini rally at the end of the day but quickly sold off to the mid day level and closed at 1005. Vix gapped down 2.08% today, and the dollar had a interesting rollercoaster movement as well.