PEPE - The Most Interesting Man in the World! No really! I've seen him do it so many times, yet it never fails to amaze! This morning our technical guru PEPINO calls the HOD and LOD to the … [Read more...]
Goldman Sachs Technical Analysis
August 8, 2011 Leave a Comment
It was in the morning when Dave asked to perform technical analysis on Goldman Sachs (GS)... It was trading around 118 and we called the next important support @$112.08.... The low of the day … [Read more...]
SPY 07-27-11
July 27, 2011 Leave a Comment
Here's a snippet from Pepe, our technical analyst's, Chart Chat for Wednesday July 27, 2011: "Last week the Spiders got into that positive territory breaking the last two important … [Read more...]
How to Read Weekly Charts
July 1, 2011 Leave a Comment
How to Read Weekly Charts We have drawn ascending and descending channels and Fibonacci retracement levels on significant ranges. The 50% is considered a pivot area and the 38.2% and the 61.8% may … [Read more...]
Thoughts of the Day
June 6, 2011 Leave a Comment
The Federal Reserve has been printing massive amounts of money to stimulate the economy, QE 2 is due to end this month. If there isn’t a QE3 there is a good chance that the market will start … [Read more...]
May 16th, 2011
June 3, 2011 Leave a Comment
SPY | 15 Minute Chart 05.13.11 SPY 15 minutes Chart: Friday’s session: OPEN $135.15/ HOD $135.34 / LOD $133.56/ CLOSE $134.04. The chart shows all intraday levels of support and resistance. … [Read more...]
Pepe Trade of the Day (BP)
March 24, 2011 Leave a Comment
At 2:00 PM, Pepe, one of our top technical analysis traders, called out BP @ $46.90. Pepe made the comment over the broadcast that BP was meeting resistance at $47.00 and was trading below the 50 SMA … [Read more...]
