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Guy Cohen

OVI Update 22 June 2010

by Guy Cohen 23. June 2010 16:31
Hi Everyone  Once in a while the markets give us what most traders fear the most ... the dreaded outside bar!  An outside bar occurs where today's high is higher than the previous day's (or days') high, and Monday's low was lower than the previous day's (or days') low.   In practica... [More]
Guy Cohen

OVI Update 16 June 2010

by Guy Cohen 16. June 2010 17:20
Hi Everyone Just a quick update on yesterday's OVI readings.  The Dow and S&P's OVIs crossed to the upside (the S&P only just) but curiously the Nasdaq's OVI turned slightly down.   Today the Nasdaq is breaking upwards through its short-term resistance but unless its own OVI foll... [More]
Guy Cohen

Market Update 16 June 2010

by Guy Cohen 16. June 2010 17:07
Hi Everyone (Please note the OVI charts are Monday's as Tuesday's are still being calculated as I write this note) Well the Double Bottom held and we've seen strong action on the main indices as they bounced off those recent support levels from last week. The Dow is up 650 points in a week and th... [More]
Guy Cohen

Market Update 10 June 2010

by Guy Cohen 10. June 2010 23:22
Hi Everyone The major indices tried to get going positively today and got pegged back.  Here is the previous day's OVI chart for the S&P (today's is still being calculated as I write this note): S&P (SPY) OVISimilar to the other indices, the OVI is negative and has been in virtually ... [More]
Guy Cohen

Market Update 25 May 2010

by Guy Cohen 25. May 2010 17:30
Hi Everyone Do not be concerned if you cannot find many or any decent patterns like neat flags right now.   The market is telling you something - that it's temporarily sick, so you're better to be patient, observe and allow the technical patterns to rebuild themselves.   We do not want ... [More]