Market view

Markets did another consolidation day today imho and looking very good for another major breakout higher in the markets near term.

I expect the markets to reach SPY 124 based on a pattern I see (inverted hs pattern) which targest near the 124 area.

Markets testing the 1180 support in futures which is looking very good as we will form the right shoulder in this pattern before the major move higher to near 124. I expect the markets to rally further up.

TBT also looks extreme good short term and expecting a major move to the upside in TBT , and good move down in TLT.

The most interesting part is the euro , which made a bullish harami candlestick yesterday and the dollar which made a bearish harami.

This tells me that the euro is about to breakout higher to the upside soon.

Conclusion:

Markets made a huge move on Monday and had a consolidation day yesterday , holding up very strong imho and ended flat/green.

After this consolidation day I expect markets to make another major breakout higher to reach 124 possible on Wednesday or Thursday time will tell. TBT looks like a major move is comming , I dont know which news will come , but some kind of news telling me that euro might go up big soon.

I stay long and strong lots of good looking small caps + TNA/EDC.

Market view

So far so good ,, markets did an AMAZING rally Monday with a big fat gap up to make all the bears holding shorts over weekend trapped deep into the red zone now and markets rallied 3% with EU markets closing 5.5% higher , big rally kick off !

This is what I was expecting to come ,, and this is just the start imo, there should be way more gains ahead and lets see if markets can rip higher in the near term.


I see a pattern which suggest SPY going to 124 in the very near term(1-2 days) so would not be surprised to see more strong upside in the near term.

TBT still looks poised to rip higher , with this markets should continue up.

Conclusion:

I remain in the bullish camp holding all longs and what a fantastic day yesterday ,, hopefully a lot more to come and this was just the "kick off" rally - TBT looks good for more upside gains and TNA, EDC and lots of other small caps looks great. I'm expecting all people should be in the mood buy every good news comming from now until Xmas ,, people will forget the crisis and just spend imho, same with the markets , buy on every kind of news (also rumours...:))

If you want to get some help TRADING all of those small caps TNA/EDC join us in www.nwatrading.com in our live chat room.

Market view

The same pattern remains on the daily charts and I'm still looking for a very large rally to the upside.

I looked at some other world charts tonight and saw that the Australian markets is making also one of the most perfect inverted head and shoulders patterns which is extreme bullish from here.

TBT is looking great and I think its about to start its large rally to the upside with TLT going down the drain.


Conclusion:

All charts and patterns remain the same , what we saw from 1292 when I actually called it a short and short the EU rescue package and fade it , I was right with it. Right now is NOT the time to short , I'm sorry but you are way too late now , if there will be anyitime this year to buy that would be now ,, a major rally to the upside is underway imo and I think we will get a great santa rally which will take us ABOVE the 1292 highs. Therefore I remain heavy long small caps and TNA/EDC.Remember I called the lows in 2011 at the exact bottom at 1080 area , what we have seen from there is a major rally to upside and then a very good pullback before we move higher imo.

Market view

Wow - markets really taking it to THE LIMIT in both directions,, markets really getting close to the spot where you would think about taking the loss and move on - but hey ,, those times is VERY often the times when its good to buy. When you are about to throw the towel thats the time to buy more and be greedy.

Overall the pattern I see still holds true - TLT is getting to a resistance spot and TBT getting to the lows - which IMO needs to hold in TBT. So this means TBT cant move any lower and TLT cant move any higher and therefore I would expect mkts to bottom on this fast little drop into close on Wednesday.


I still believe in a MAJOR rally to come after this to take us above 1290 area and potential target is 1340-1360.

I see the same bullish patterns on many indexes , DAILY chart inverse head and shoulders which is VERY bullish pattern and I think it will play out very well from here into new year. Perfect time for a santa rally to begin however I thought it would begin this Tuesday ,,, but giving it a few more days to see.

XLB (materials making the inverse hs pattern)

XLF

CAC

FXI

All charts making inverted hs patterns and there are even more ,, I'm still long TNA 43.5$ and EDC 80$ and underwater quite a lot now ,, but I will give it a few more days (this Friday) and early next week to see - my thesis is still the same and extreme bullish into year end , so lets see if they trapped enough shorts to rally.

Many people believes in new lows here soon , but I still think 2011 lows is IN and we are just having a correction/pullback since the major rally we had in October, before the next major rally ... stay tuned.

Market view

This time back to Denmark again with full updates and charts.

Markets is still quite weak , yesterday was a near flat but very choppy day up and down , but ended all quite flat or very little down.

All in all I'm still very bullish as I think after this move down we form the right shoulder in a big inverted head and shoulders pattern and after we form this there is a MAJOR rally to come.

The thing is that the RIGHT shoulder in inverted head and shoulders pattern is nearly always BELOW the left shoulder - in the inverse ones , and the right shoulder is always ABOVE the left shoulder in the topping head and shoulders pattern.

So right now all things are clear - the right shoulder is now BELOW the left shoulder so EVERYTHING should be clear that we could be about to have major rally and reversal.

AAPL did a nice reversal yesterday and got a BUY signal on AAPL - usually AAPL leading markets too up and down , so if AAPL is any indication , then markets ia just about to make a big rally.


If we take a look at all the european markets I think a big and major rally is underway into year and and January. We are comming to a time here in December which is the BEST month for stocks over the entire year - so get ready , lots of good looking small caps will run hard.

Conclusion: Look at the charts they tell the story , right now I'm as bullish as I were early October and think a major rally is still comming - this little slowly move downs is NOTHING bearish imo , we are creeping down slowly until something happends and then we sky rocket imo... and per my thesis it should have happended already on this Tuesday , hopefully Wednesday today will be better.

Remain long TNA 43.5$ size , EDC 80$ both underwater now , and also lots of good looking small caps which is in profits right now.

Market view

This will be my latest short update as Im still in Romania and going home to Denmark again later today,, so tomorrow we will have full updates on markets.

Yesterday we had a nice near -3% down day,, well I'm still long but I like the big move down as it usually is incline with short term bottoms too.

What is very interesting is that markets ended up very good only -1.9% or so with a so called , bullish red hammer reversal candlestick. I give it 70% chances that the bottom is in now and a major rally is to be expected.

Right now Im as bullish as I were early October where I alerted a big bottom was due for this year. We are NOT going to take out new lows ,, this is a trap for bears and we should soon start a massive rally into year end and my target for this rally is 1330-1360.

We are still making the right shoulder in some huge daily chart inverted head and shoulders pattern and I believe that the right shoulders went in yesterday - after this you should begin expect a big rally to the upside which could start from Tuesday.

What is even more good looking is that markets rallied from 1080 to 1290s area and then pulled back to 1180s area which is a perfect 50% fib retracement from those levels.... so everything inline with this is just a pullback before a massive move higher to 1290 and above imo.

Remember I were a few days too early calling the bottom for 2011 , I nailed it to the penny on the day , but called the lows few days before ,, same happended with the move down from here , I called to short markets after EU package ,, tell me what happended after they came with this package? Markets popped big,,, and then dropped since then.... Now im probably few days too early calling the rally , but I think over rest of this week and next weeks you will see what I meant.

Conclusion: Remain heavy long markets in small caps , long TNA 43.5 big size position , EDC 18 size position and remain long lots of good looking small caps.

Remember to join www.nwatrading.com in case you want live help about stocks to buy and sell with targets and live intraday analysis about markets.

Back home in Denmark this evening so will have full updates with charts tomorrow.

Market view

There is not much to say - as Friday were a quite boring day going flat and sideways from Thursday.

I got down to Romania over the weekend and will be home again Tuesday evening - but will still be able like this to make some short updates.

Overall I still see very, very bullish signs to come.

1. We have thanksgiving approaching on Thursday this week - usually by statistics this is a bullish week.

2. In my book this comming week is the most bullish - the closer we come to Thursday and Friday the most bullish days we should get.

3. Markets is still in the making of a major inverted head and shoulders pattern - which in case is extreme bullish and a major rally is to be expected, WHEN we bottom - if we havent already bottomed this Thursday , then I expect a major rally to come to 1300 and above.

4. Look at RUT futures , funny enough its actually still in the same triangle pattern , however others have broke down - will the RUT also ? Maybe its holding up so strong and often small caps leads up and down , so this comming week will be telling.

5. I remain heavy long TNA and also bought EDC - emering markets bull 3 x at 18$ for a swing trade.

6. My thesis is actually bullish until year end from here - so well if we dropped like 1% or 2% last days , and then we rally 10% next , then you will understand why. I dont see any very bearish things comming up.

7. The FXI making the right shoulder perfectly to 35

8. CAC making the right shoulder to around 3000 perfect too.

Overall just seeing LOTS of stuff telling me we are about to see some major buying and a intermediate rally I think is underway.....

Conclusion: I remain heavy long TNA 43.5 average SWING trade and bought EDC swing trade on Friday at 18$ both heavy size. The downside risk is extreme limited here imo and I think buying spree will start as we approach Thanksgiving and Xmas....Santa rally here we come :)

Thats it for today have a nice weekend and ejoy.

Market view

Just a quick update as I'm going on a little trip to Romania for tomorrow and early next week , will try to update as good as I can , but they wont be big updates, with lots of charts.

Conclusion:

I remain long TNA , and added on the dip today at 42.7$ so I average down my position, sold some small caps to raise some cash to get more TNA , so average position is now down to 43.5$.

I've seeing very big and extreme bullish patterns in emering markets , just take a look at FXI where it went today, left shoulder at 35, head at 29 and today , right shoulder at 35.

I see the downside EXTREME limited , also we made a red hammer candlestick (possible bottom candlestick)

From my perspective I know we broke below 1230 and that was bearish ,,, but I'm still seeing those extreme bullish patterns and I think as soon this move down is done , we are going to see a MASSIVE rally to the upside , the santa rally and it would not surprise me if it began tomorrow.

Overall - feeling good holding my TNA 43.5$ now , having a huge position , I may take a big risk , but I've tried it before , a bit underwater now , thats how it is sometimes but just wait , in a week from here it should be all into deep green imo.

Next week thanksgiving and markets statisticly runs into those holidays... I would not be surprised again.... and we come to December - Xmas month which I think will be very bullish too....

Well thats its , remain long and very bullish at the moment :-)

Market view

Wow , what a exciting day yesterday ,, markets first gapped down and then rallied to near green, for thereafter to take a plunge into close and close RIGHT AT lower trendline support in the triangle.... amazing how those MM's can turn the markets upsiden down in a few hours.

Overall I remain still bullish , the same patterns I saw is there and they should be playing out, I think we touched this trendline before the big bounce and breakout - time will tell us...

The russell index rallied to touch the UPPER trendline at 748-750 to the perfect zone , then retraced down too ,, I think RUT will breakout to the upside in the near future after markets tested support.

As long SPX holds above 1230 (as confirmation) I remain long this mkts as I think we will breakout and NOT breakdown, I think yesterdays move was a classic bear trap , a fast flush down to make everyone bearish, time will tell.

Conclusion:

I remain long SWING trade TNA 45.5$ still in little profits but holding all ,, and then I'm long lots of good looking small caps , yesterday I banked 10-15% in CEDC , but it went up 25% yesterday so missed a bit , but huge gains in a few gains. We make a killing in those small caps looking very good if you wanna trade some small caps before they take us , join us in www.nwatrading.com I give the alerts in chat room , with when to buy , stop loss and everything.

So for today I'm hoping the SPX 1230 is going to hold , and I would be happy to see a very nice bounce/rally starting from today.

Market view

Markets did gap down a little and then reversed higher over the day with a very nice rally higher into close.

We are still trading in the symmetrial triangle pattern so a major breakout or major breakdown is underwayer very soon imho.

Markets have support at SPX 1230 and resistance at 1270 right now.

The futures on COPPER looks like making an inverted hs pattern with the right shoulder about to form now - when this right shoulder is done , copper should start to LIFT OFF and that would helpd markets.

Conclusion:

Dow jones and TRANSPORTS hit resistance yesterday , TRANS at MA(200) and dow jones upper trendline in triangle , the question is ,, will we get a pullback to lower trendline again BEFORE the major run I expect ?

Time will tell ,, overall I think we will breakout of this trendline very soon. Holding all my TNA from average 44.5$ now already in good profits.

Market view

Markets did a nicely little pullback day on monday after markets went up rallied 2% on Friday. A slow pullback down to -0.5 to -1% is very healthy for markets before another major rally higher.

I remain in the bullish camp as I see such a sideways triangle or movement in markets like we had last weeks as bullish when you think about markets rallied from October lows to end of October highs. Usually this is a bullish sign as markets trying to get rid of very overbought conditions on a near sideways manner, before breaking out higher.

If we breakdown below ths trendline next days , would be more bearish indications , but for now I stand by my call that I think we are about to see a major rally into year end - the santa rally...

So if you asked me if I'm bearish or bullish well then I'm bullish and therefore I bought a SWING trade long in TNA on the pullback yesterday at 45$.

Conclusion:

Got long TNA for a swing trade at 45$ on the pullback I remain bullish as long SPX hold the lower trendline which is 1230 on SPX area. Until then I think we could be about to see a major "santa rally" and by looking at the Italian index and others , we may get a lot higher from here.

TBT got a little pullback but hopefully this one will pick up speed to the upside again from those levels. We may very well get a little gap down in the morning , but nothing big imho and from there we could see a reversal and rally higher.

Market view

Markets did an amazing rally on Friday as I expected on the bullish pattern I saw , you gotta be flexible and I first expected a big sell off below 1200 , but when I did not get it and I began to see bullish patterns forming , then better get out , take a small profit and go long.

Thats what I did where I got long TNA at 43 on Thursday before the big rally,, and I'm still long lots of small caps.

Right now I think this may VERY well be the start of a major rally into year end (the SANTA RALLY) and I expect us to move higher into year end from here.

As I called in early October 2011 the lows for the year at 1080 so far holding very good.

I see a very bullish pattern forming again in the Italian index and TBT looks extreme HOT on the WEEKLY chart , which suggest that mkts is going higher. If the TBT goes up then markets is going up and with TLT going down , markets should go higher - those ones never lies.

I love the setup in TBT and therefore I love the upside to come in mkts too. We need to be flexible because this mkts is dangerous if you dont follow the trend , an overbought market can become more overbought and a oversold mkt can become more oversold. Right now my thesis is actually very bullish into year end now , so right now my plan is to trade all good long setups.

Conclusion:

I flipped from bearish to bullish this week on Thursday as I saw the bullish pattern develop and I'm looking for a "santa" rally , another powerfull nice rally up , I'm expecting to see 1350-1360. Holding lots of good looking small caps at the moment and plan is to buy the very good looking long setups.

Market view

Markets did not drop as much as I expected as the worst day in my book , and did have a choppy day up and down,, overall I began to see a bullish pattern forming over the last 2 days and therefore I took my profits in my shorts TVIX 57 from 53 and TZA 31 from 30 and others break even.

You need to be flexible trading this markets up and down ,, my thesis told me if we did not drop on wednesday I would most likely be buying and going long....

We did NOT get a heavy drop on Thursday and therefore I took all off, also because I think TBT looks very bullish on daily chart now and TLT bearish.

When TBT looks bullish and going up , markets will follow - those ones NEVER LIES ! TLT when this moves down , markets will go up ,, its a good indicator.

I think TBT is about to run - and with this I cant stay bearish markets , therefore I got a potential swing trade in TNA 43$ yesterday , (depends how we close Friday....)

I see a potential bullish inverted hs pattern which would lead dow jones to a target of 12.200 on dow jones.

I've still got SELL signals in markets , but whenever I see a bullish pattern and I'm in short , I better get out ! :-)

So right now did flip upside down and turned more bullish as the TBT looks bullish on the chart ,, and therefore markets....

So looking at Italy index it looks VERY VERY hot on the daily chart too,, got a buy signal yesterday on Italian markets so I think Italy dont have any problems but the best is yet to come here......

So all in all , I turned bullish from bearish at the moment,, I have still SELL SIGNALS in US markets,, but many many patterns I see form is bullish + TBT looks bullish - therefore feeling good holding TNA at 43$

Time will tell Friday :-)

Got some small caps too , but join us in www.nwatrading.com then you get all the live updates in chat room small cap picks with targets and stuff.