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Kevin Tuttle
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Kevin A. Tuttle is the CEO and Chief Strategist of the Money Management & Capital Services firm Tesseract Asset Management, LLC (TAM). TAM serves as the General Partner of Long/Short Equity & Alternative Investment Hedge Funds and operates a Capital Services division oriented toward... More
My company:
Tesseract Asset Management LLC
My book:
Master Traders
  • TAM's Pedagogics: May 2nd, 2011 1 comment
    May 2, 2011 8:35 AM | about stocks: QQQ, SPY
    What a great end to the Month of April. Now that the Bulls have regained control there should be some confirmation of action. We would be looking for any small area of retracement and retest to confirm the break of 1,340 on the SPX. Otherwise, the market should be pining toward the 1,430 measured move we pointed out on the 25th.
     
    Nonetheless, the NDX has yet to confirm the elder sisters bust topside as it remains seemingly resistant around the 2,400 Year high levels. If this cannot penetrate early on this week we would expect some gap-fillage of the recent pop’s higher.  
     
    NDX Daily


    May is historically an “Inflection” month – and as Sgt. Phil Esterhaus from Hill Street Blues used to say…”Hay, let’s be careful out there!”
     
    KAT
    Themes: NDX, SPX Stocks: QQQ, SPY
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  • redember
    , contributor
    Comments (2) | Send Message
     
    Great technical breakdown of the NDX by a money manager for 20 years. Clean and Simple!
    2 May 2011, 11:40 AM Reply Like
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