Active Traders: SPY - Intraday Chart Trends (8/14/08)
Asher Pinto
in Intraday Market Commentary, SPY, day trading, intraday charts
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2 Comments
Nice little bounce today. SPY has recovered half of the losses since the Aug 11 intraday highs. As mentioned in last night's commentary, the minor trend is still bullish and will continue to be so until/unless prices move below the 20dMA.
A look a the 15-min and hourly charts...
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PLEASE NOTE: Today and tomorrow will be the last two days during which we will cover the intraday charts. We may introduce the feature at a later date after further review. Thank you for your feedback.
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2:55 PM...
An updated look at the 5-min chart...
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PLEASE NOTE: Today and tomorrow will be the last two days during which we will cover the intraday charts. We may introduce the feature at a later date after further review. Thank you for your feedback.
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4:00 PM... IMPORTANT NOTE...
The active traders charts feature was meant to be a trial feature and was to have been reassessed after a few weeks. We have now reached the stage where a decision was to have been made. We wholeheartedly thank those of you who have provided us with exceptionally valuable feedback and we appreciate the kind words of encouragement to pursue this arena.
However, we find that while the pilot was worth having completed, the "active traders - intraday SPY chart" feature is not worth our pursuing at the blog at this point. We may reconsider it in the future.
We are spending a lot of time behind the scenes building a top-notch Options Education program that will be offered beginning in September (you can get in line and reserve a seat in advance by contacting us via Email or via the contact forms on the website) and find that our creative energy would be best utilized towards that cause, not to mention the existing services that we provide via our existing membership services for swing traders.
For those of you who are keen on getting a read of the intraday charts of SPY/SPX, please note that we'll keep those charts on our public listing at StockCharts.com. We'll update them as often as possible, but may be restricted to doing so once or twice a day, given our tight schedule. If you're keen on checking out the charts and having us continue to maintain the charts at that listing, we'd encourage you to vote for the listing daily. That will allow the listing to garner a higher placement and more viewers, which in turn would provide us with an incentive to maintain the intraday charts at the public listing on a more proactive basis.
As far as the PurelyTechnical blog is concerned... it is not going to go anywhere. Rather we'll start to feature a wider repertoire; probably sticking to daily charts and possibly encroaching into sector analysis, commodities, currencies,... the sky is the limit (as long as it does not clash with members services). Your feedback is welcome, as always...
Thank you for your support!
Regards,
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Reader Comments (2)
Asher:
As you probably know, the overarching characteristic of those that follow public charts (at Stockcharts.com) and many blogs is very limited account size, if they have anything at all. There's a certain irrationality about it; they simply do not have any extra monies to pay for the services that are available and arguably worth the annual fee. Because they are totally jazzed by the capital markets, such are always on the lookout for something that is freely available as well as insightful and correct that could make a big difference, i.e., turning a small sum into a larger one. You are very generous to accommodate their appetites. What you provide is always enlightening and consistently demonstrates your academic prowess in this quite esoteric arena. Thank-you and I hope it continues.
Hi Asher, Instead of printing the SPY charts, why dont you trade it and list your entry or your trigger in the nightly report?
Thanks for the excellent work.