Seeking Alpha

JasonGordon's  Instablog

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 19: Bearish

    The markets sold off hard this morning, but calmed down and chopped higher into the close. SPY is still below that key resistance line at 110. The VIX finished up about 4.5%, retracing from its intraday high of up over 10% early in the session. The TICK drifted back towards neutral to close out the session. The TRIN stayed very bearish all day. The Dollar was strong today, which helped push stocks lower.

    There are no economic reports scheduled to be announced tomorrow. However, tomorrow is options expiration day, so the markets can do some pretty wild things tomorrow. We could very well gap up and re-test the highs for 2009 tomorrow. You never know...

    Also, look out for how Dell's earnings affect the markets tomorrow morning. DELL is down hard after hours.

    video

    I added to short positions today, but will lighten up on those positions if the markets show serious strength tomorrow. I will not be able to do the Halftime Report or the Post Market Analysis tomorrow because I will be traveling to and playing in a racquetball tournament this weekend. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,

    Jason 
    Nov 19 04:28 pm | Link | Comment!
  • Post Market Analysis, Thursday November 19: Bearish

    The markets sold off hard this morning, but calmed down and chopped higher into the close. SPY is still below that key resistance line at 110. The VIX finished up about 4.5%, retracing from its intraday high of up over 10% early in the session. The TICK drifted back towards neutral to close out the session. The TRIN stayed very bearish all day. The Dollar was strong today, which helped push stocks lower.

    There are no economic reports scheduled to be announced tomorrow. However, tomorrow is options expiration day, so the markets can do some pretty wild things tomorrow. We could very well gap up and re-test the highs for 2009 tomorrow. You never know...

    Also, look out for how Dell's earnings affect the markets tomorrow morning. DELL is down hard after hours.

    video

    I added to short positions today, but will lighten up on those positions if the markets show serious strength tomorrow. I will not be able to do the Halftime Report or the Post Market Analysis tomorrow because I will be traveling to and playing in a racquetball tournament this weekend. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,

    Jason 
    Nov 19 04:28 pm | Link | Comment!
  • Halftime Report, Thursday November 19: Very Bearish
     The broad market is breaking down hard today. We are seeing incredible deterioration in stocks with confirmation from volume and breadth. The TRIN is pretty much a breadth indicator, meaning that it measures volume flowing into stocks on the rise and compares it to volume flowing into stocks on the decline. The TRIN is looking very bearish today. The TICK has been negative almost all day. The VIX is skyrocketing, up 10%+ so far for the session.

    SPY cut through some crucial support at 110. If the markets can hold these low levels, expect a down leg to start here. One thing I forgot to mention is that the dollar is showing strength today, which fits with the inverse correlation theory we have seen for most of this year.

    video

    I added to my short positions when the markets shattered support this morning. I will hold them for the down leg if it happens. Otherwise, I will lighten up on my shorts if SPY breaks back above 110. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,

    Jason

    Nov 19 12:05 pm | Link | Comment!
  • Halftime Report, Thursday November 19: Very Bearish
     The broad market is breaking down hard today. We are seeing incredible deterioration in stocks with confirmation from volume and breadth. The TRIN is pretty much a breadth indicator, meaning that it measures volume flowing into stocks on the rise and compares it to volume flowing into stocks on the decline. The TRIN is looking very bearish today. The TICK has been negative almost all day. The VIX is skyrocketing, up 10%+ so far for the session.

    SPY cut through some crucial support at 110. If the markets can hold these low levels, expect a down leg to start here. One thing I forgot to mention is that the dollar is showing strength today, which fits with the inverse correlation theory we have seen for most of this year.

    video

    I added to my short positions when the markets shattered support this morning. I will hold them for the down leg if it happens. Otherwise, I will lighten up on my shorts if SPY breaks back above 110. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,

    Jason

    Nov 19 12:05 pm | Link | Comment!
  • Halftime Report, Wednesday November 18: Consolidation
     The markets are still in a consolidation phase so far today. The S&P (SPY) and Dow Jones Industrial Average (DIA) are relatively neutral. The Nasdaq (QQQQ) and Russell 2000 (IWM) are showing relative weakness today. The financials (XLF, RIFIN, BANK) are relatively strong today as a whole.

    Intraday, SPY tested support at 111, but is holding above that support right now. Expect major resistance at 111.69 to the upside. Also anticipate fining support at 111 and 110.3 with the next major support area at 110.

    video

    I did not make any trades today as I am waiting for this consolidation phase to resolve in one direction or the other. Also, I will not be making the Post Market Analysis tonight because I will be traveling home for Thanksgiving break.

    I just found out that I placed second in the Smeal Trading Competition that I participated in last Thursday. That means I will be going to Toronto to compete on behalf of Penn State. I'm pretty excited about that... not gonna lie. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,

    Jason

    Nov 18 12:13 pm | Link | Comment!
  • Halftime Report, Wednesday November 18: Consolidation
     The markets are still in a consolidation phase so far today. The S&P (SPY) and Dow Jones Industrial Average (DIA) are relatively neutral. The Nasdaq (QQQQ) and Russell 2000 (IWM) are showing relative weakness today. The financials (XLF, RIFIN, BANK) are relatively strong today as a whole.

    Intraday, SPY tested support at 111, but is holding above that support right now. Expect major resistance at 111.69 to the upside. Also anticipate fining support at 111 and 110.3 with the next major support area at 110.

    video

    I did not make any trades today as I am waiting for this consolidation phase to resolve in one direction or the other. Also, I will not be making the Post Market Analysis tonight because I will be traveling home for Thanksgiving break.

    I just found out that I placed second in the Smeal Trading Competition that I participated in last Thursday. That means I will be going to Toronto to compete on behalf of Penn State. I'm pretty excited about that... not gonna lie. Thanks for being a part of Swing-High.com! Always trade with a stop loss and manage your risk appropriately.

    Happy Trading,

    Jason

    Nov 18 12:13 pm | Link | Comment!
Full index of posts »

StockTalks

  • nice sell off on the major indexes $SPY, $DIA, $IWM, $QQQQ, $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 04, 2009
  • the vix should have support at 30 now... $TICK, $TRIN, and $VIX all behaving slightly bearish today after a bullish open
    Nov 02, 2009
More »
Posts by Ticker
Posts by Themes
bear flag, Bear Flag, bear market, bear market strategies, Bear Pull Back, bear pull back, bearish pennant, Bearish Pennant, Bernanke, bollinger bands, Bonds, bonds, Boredem, breadth, bullish pennant, Business Inventories, CIT Group, consolidation, day trading, Day trading, Dell, Dollar, dollar, double top, Double Top, dow, Dow, dow jones, Dow Jones, DXY, dxy, earnings, Earnings, Economic Reports, economic reports, EIA Petroleum Status, Empire Stat, employment situation, estimates, etf, etfs, expectations, Fed, Federal reserve, Fibonacci Retracement, Finance, finance, financial management, Financials, financials,
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.