Seeking Alpha

JasonGordon's  Instablog

JasonGordon
20 Followers
7 Following
Send Message
My passion is trading stocks. I am a student of the markets just like you. Follow me as I learn new things and analyze the markets. http://www.swing-high.com
My blog:
Swing High
  • Post Market Analysis, Thursday November 5: Bullish 0 comments
    Nov 5, 2009 4:29 PM | about stocks: FAS, IWM, SPY, XLF, DIA, QQQ

    The markets rallied hard today on good Jobless Claims data and other positive Economic Reports. The TICK was bullish most of the day. The TRIN was not corroborating the move, but fell in line with the bullish sentiment at the end of the session. The VIX bled out nicely, down 8.3%.

    video

    The markets should remain bullish for this up leg. We can mark a higher swing low at the $103.5 area on SPY. Expect major resistance and most likely a lower swing high at the 108 area on SPY. The IWM is back above the confirmation line of the double top formation. I need to see a lower swing high on IWM in order to remain bearish on it.

    Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    ~Jason 
    Themes: day trading, technical analysis, stocks, stock market, personal finance, finance, investing, vix, tick, trin, jobless claims, swing high, economic reports Stocks: FAS, IWM, SPY, XLF, DIA, QQQ
Back To JasonGordon's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Full index of posts »
Latest Followers

StockTalks

  • nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQ, $XLF. Entered long positions in $FAZ, $EDZ, and $TZA throughout the morning
    Nov 12, 2009
  • put an order in to pick up some $fas at $70.17... will probably hold it for this up leg if there is one
    Nov 4, 2009
  • the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
    Nov 2, 2009
More »

Latest Comments


Most Commented
Posts by Themes
Abu Dhabi, ADX, AEZS, Ascending Triangle, ascending triangle, ascending triangle breakout, ATR, Average True Range, bear flag, Bear Flag, bear market, bear market strategies, Bear Pull Back, bear pull back, bearish engulfing pattern, Bearish Pennant, bearish pennant, Bearish Trend, Bernanke, Bloomberg, bollinger bands, bonds, Bonds, Boredem, bottoming tail, bounce, Bounce, breadth, Break Out, break out, Breakout, Breakout Trading, broad market sell off, Bull Flag, bull flag, bull flag formation, bull pull back, Bull Pull Back, bullish pennange, bullish pennant, Bullish Pennant, Business Inventories, CAGC, Calendar, Calender, Candlestick, capital preservation, channel, Chart Game, chicago pmi,
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.