Ears on The Markets - Options & Stock Blog'Ears On The Markets' - Stock Market Bloghttp://blog.themarketmessenger.com/blog/2010-03-17T17:24:55ZSquarespaceNasdaq-100 Bull Flag Target Accomplishedhttp://blog.themarketmessenger.com/blog/2010/3/17/nasdaq-100-bull-flag-target-accomplished.htmlAsher Pinto2010-03-17T17:19:51Z2010-03-17T17:19:51ZRecent Stock & Options Trading Pickshttp://blog.themarketmessenger.com/blog/2010/3/11/recent-stock-options-trading-picks.htmlAsher Pinto2010-03-11T20:30:48Z2010-03-11T20:30:48ZHere's a look at a few current stock picks and options picks...

A long stock picks (and a 7.5% allocation in the model portfolio) was opened in Citigroup, Inc. (C), when the stock broke a downtrend line on price and made a positive centerline crossover on RSI. Over the past couple of days, the stock has taken off - there is a profit of over 20% on the trade - and there is even a positive 0-line crossover on MACD.

]]>NDX Breaks Intermediate Resistancehttp://blog.themarketmessenger.com/blog/2010/3/9/ndx-breaks-intermediate-resistance.htmlAsher Pinto2010-03-09T19:57:22Z2010-03-09T19:57:22ZIt's All Pennants and Flagshttp://blog.themarketmessenger.com/blog/2010/3/8/its-all-pennants-and-flags.htmlAsher Pinto2010-03-08T19:56:22Z2010-03-08T19:56:22ZThe major indices have recovered quite nicely over the past few weeks, and it looks like the bulls may not be spent yet... Several of the majors are showing bull flags or bull pennants that call for some more upside in the week or two to follow.

S&P-500

S&P-500 Large Caps: Bull Pennant

SPX broke out of a bull pennant last week. The run up into the pattern measured 40 points. Therefore, given that the breakout level was 1125, a target of 1165 is derived from the pattern, if the pennant is legitimate.

]]>Support Haitihttp://blog.themarketmessenger.com/blog/2010/1/13/support-haiti.htmlAsher Pinto2010-01-13T15:54:30Z2010-01-13T15:54:30ZMarket Updatehttp://blog.themarketmessenger.com/blog/2009/12/29/market-update.htmlAsher Pinto2009-12-29T19:09:28Z2009-12-29T19:09:28ZThe holiday season is in full swing and, although it's business as usual in the Members' Area of our site, we've gotten caught up in the festivities and slacked off a bit on the blog. We'll be back to normal programming - providing a handful of articles every week - on the blog soon after the New Year begins. In the meantime, here's a quick update on the state of the markets, as covered in last night's commentary that was provided to members...

]]>Deadlockhttp://blog.themarketmessenger.com/blog/2009/12/16/deadlock.htmlAsher Pinto2009-12-16T23:39:25Z2009-12-16T23:39:25ZFocus on Lower (and Upper) Bollinger Bandshttp://blog.themarketmessenger.com/blog/2009/12/11/focus-on-lower-and-upper-bollinger-bands.htmlAsher Pinto2009-12-11T06:18:07Z2009-12-11T06:18:07ZUpdate: Focus on Lower Bollinger Bandshttp://blog.themarketmessenger.com/blog/2009/12/9/update-focus-on-lower-bollinger-bands.htmlAsher Pinto2009-12-09T21:05:00Z2009-12-09T21:05:00ZThis is an update to the current Chart In Focus, "Focus on Lower Bollinger Bands," which debuted yesterday.

]]>Focus on Lower Bollinger Bandshttp://blog.themarketmessenger.com/blog/2009/12/8/focus-on-lower-bollinger-bands.htmlAsher Pinto2009-12-08T15:28:17Z2009-12-08T15:28:17ZNew Chart in Focus: The accompanying chart debuts as our new 'Chart In Focus' today.

So it looks like the markets have broken their 20dMAs (to the downside) today and that should mean that a bearish phase may be taking shape on the minor trend, shouldn't it?

Well, we've been pointing to the possibility of a market top for the past couple of weeks - several potential sell signals have been highlighted on the daily and weekly charts - and today's break seemingly confirms those sell signals. While the onus is now certainly on the bulls to prove that they're still in the game, the Bollinger Bands, which have undergone extreme contraction over the past couple of weeks, are providing the bulls with a small chance to yank things back in their favour.

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