http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/http://www.fxstreet.com/technical/http://mediaserver.fxstreet.com/images/fxstreet-provider-logo1-en.gif7http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-20.htmlA lateral range is simply that, a lateral range. It frustrates. It's annoying. The bulls want things to break out and the bears want things to break down. The bulls have had the best of it for sure and we have come oh so close many times to making that breakout move. We were on the cusp once again and once again the bears came in at the very top of those wedges and took the market down, especially the technology stocks. Those are the stocks that are most overbought and to be blunt, most frothyFri, 20 Nov 2009 09:51:07 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-19.htmlIf you're still bullish overall as I am, although nothing out of hand, then today is what you wanted to see. There was a chance for a lot more selling than we saw based on two very poor economic reports that came out pre-market. A very low number of new home buyers. 80,000 shy to be exact (520,000 vs 600,000 expected). Also, a higher than expected Consumer Price Index (CPI) (cost of prices to consumers) at 0.3 vs 0.2 expected. Both numbers poor. Each one by themselves is enough to take aThu, 19 Nov 2009 09:36:50 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-18.htmlOnce again, with the market so close to breaking out, the bears could not take this market down appreciably. Oh, not for lack of effort. That's for sure as the bears tried all day to take things down, but could never gain any steam or momentum. Every bout of selling was met with some type of buying, if not just enough to keep things over 1100 on the S&P 500. Not enough to blast up and out but enough to keep the status quo. That's all the bulls are really looking for anyway. They don't needWed, 18 Nov 2009 09:28:48 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-18.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-17.htmlYou don't want to short a market in a confirmed up trend. At least not very often. I mean, why go against the trend in place. For the most part, this will just bring about bad results.  On the other hand, as we trade closer to the top of the range, the market doesn't seem to want to explode up and out either. You do have to hand it to the bulls overall though. Even though they can't seem to break away from S&P 500 1100, they are keeping the pressure on the bears seemingly day afterTue, 17 Nov 2009 09:50:51 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-17.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-16.htmlMarket Overview: We get towards the top of our 6-week lateral bases and it looks like we'll finally break out. It's the exact same story as when we get towards the bottom of our existing bases. Breakdown looks inevitable. It gets very emotional at both ends because the consequences of a breakout or breakdown are large. The market is likely to have quite a large move once we get a decisive break and thus the emotions get intense. The only problem is, neither side is getting what they want, andMon, 16 Nov 2009 09:23:53 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-13.htmlThe market got to the top of the wedge and decided it was time again for another pull back in the pattern. We did have a doji yesterday and that can cause some near term down side off the up trend in place. Action which allows the market to unwind from overbought on those 60-minute time frame charts. We started the selling off that doji today that took nearly 1% off the averages. Obviously, nothing from nothing, but it was a fairly good down day with the majority of stocks leading lower.Fri, 13 Nov 2009 09:11:42 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-12.htmlDoji's today, which mean an equal number of sellers to buyers, once we gapped up early on says, there could be a pause in the bullish action over the next day or so. It doesn't have to take place, but be prepared for that possibility. It says the possibility is made more real by the fact that we're at some really tough longer-term resistance at 1101 S&P 500. That doesn't mean individual stocks can't be owned. It simply tells us that having too much exposure, say 50% or more right here,Thu, 12 Nov 2009 09:22:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-11.htmlWhen markets get overbought you usually expect a fast drop lower, and that may still, and actually, should take place. However, we are still in a clear up trend off the March lows and this market is trying to fight off those overbought 60-minute time frame charts with all its muscle. Today seemed like the perfect day for some unwinding and although we got a drop, it wasn't very much to get excited about thus we head in to tomorrow still overbought on the short-term time frame charts only. WeWed, 11 Nov 2009 07:59:44 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-11.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-10.htmlOf course, that doesn't mean we can't and won't pull back because we will. We will have selling episodes that feel bad, but with the bears unable to take out those 50-day exponential moving averages with force, there is nothing bad going on for the bulls. We did break below on a closing basis on the S&P 500, but barely. The Nasdaq lost by a bit more but the Dow never broke. I wrote a nightly commentary on this. Without all three major indexes closing below the 50-day exponential movingTue, 10 Nov 2009 10:12:24 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-10.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-09.htmlMarket Overview: We have a market setting up in what is clearly becoming more of a longer term lateral consolidation off the huge move up from the March 9th lows. Longer term lateral consolidations are usually what take place after a strong move has been made one way or the other for a prolonged period of time. We had a huge move higher, and instead of just quitting and rocking lower as many are calling for, this market is confusing the masses by setting up a whipsaw lateral consolidation thatMon, 09 Nov 2009 09:35:17 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-06.htmlAre we having fun yet? This whipsaw is classic. It's more the sign of a mature market that needs a lateral consolidation due to the great move it made over the past few months. Mature meaning, upside isn't easy but difficult to kill because the economic news and earnings reports are so good overall. Push and pull which allows a longer term lateral basing pattern to form to cool down the oscillators and emotions from a too bullish perspective. Now, even though we never got overly bullish inFri, 06 Nov 2009 08:09:11 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-05.htmlI included that one tonight because it is the total market chart. It is not a very good looking one from the bulls perspective. It shows how it lost massive support when it fell below its trend line, 20- and 50-day exponential moving averages. Today it cleared back above all of those levels to get the bulls very excited. Problem was that the market trades for 6.5 hours per day, not 5.5. The last hour saw a long plunging tail, which allowed it to close back below the 20- and 50-day exponentialThu, 05 Nov 2009 18:53:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-04.htmlI can try to think of a catchy title but what a waste of time. Only thing to say is what I said. We are Nowhere folks! The tape isn't a thing of beauty for either the bulls or the bears. It's playing, on almost a daily basis, with the 50-day exponential moving average on the S&P 500 while trading above it on the Dow and below it on the Nasdaq. A hunger for lower beta and lower P/E's is the story these past few weeks. That happens when markets, at the very least, are in correction mode. WeWed, 04 Nov 2009 10:01:12 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-04.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-03.htmlThe bears are trying. I'll give them that. After all, they've taken out the 50-day exponential moving average on the Nasdaq and have kept it below for a few days now. The S&P 500 is playing leap from the 50-day exponential moving average. Above. No below. No above. No, on it. Ridiculous really. The Dow refusing to break but clearly the least important of the major indexes as it's only 30 stocks. However, it is important to some degree and they just can't take it below the critical 50-day.Tue, 03 Nov 2009 10:05:35 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-03.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-02.htmlMarket Overview: I've been talking quite a bit lately about the very nasty negative divergences across the major indexes on the daily charts. In many cases, quadruple negative divergences. That's not something you see very often. When it takes place, at some point in time there will be a price to pay for that type of set up. We are seeing that take place now. The sad thing is, if you're a bull, these set ups often end a bull market. Once the wedges go, there's no looking back. The wedges areMon, 02 Nov 2009 10:47:10 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-11-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-30.htmlYesterday we get some strong volume and blow through the 50-day exponential moving average on the Nasdaq. We fall only a bit below on the S&P 500 (4 points) and hold above it on the Dow. We didn't have all 3 major indexes trading below the 50-day exponential moving averages and that's what you want to see if you believe the market is ready for deeper selling than has already occurred. In addition, you don't want to clear by as little as we did on the S&P 500 as that's not a trueFri, 30 Oct 2009 09:40:31 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-29.htmlThat's what we did today. Actually did a little dance as we bounced off of them first, just to make the bulls feel things weren't going to get out of hand. The market had been putting in negative divergences after negative divergence for quite a few months off the March lows. As the move matured we could see each poor divergence getting larger than the one before. The red flags were up. I spoke about this day after day. We stayed long because we hadn't seen a reversal stick that said theseThu, 29 Oct 2009 10:08:16 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-28.htmlThat's how the bears will have to do this. There is no straight down free fall into oblivion coming to a bear market near you. Step by step as we take on each level of support. We get there and get oversold. We bounce. We fall again and we bounce Usually on the third try we get through, but we have so many levels of support close by it's hard for the bears to gain any real momentum. 1080/1074/1060/1047. An average of approximately 1% between levels of strong support. Not exactly what the bearsWed, 28 Oct 2009 10:03:07 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-27.htmlNot exactly blowing the bull's house down but trying. A start. They were successful in at least taking the S&P 500 below 1074, and they did it without a gap down, although, that is actually the weakest way to do it because there's no wall of resistance directly above. However, props to the bears for finally getting things going their way. The bulls now have to find the right tonic of news, and fast, to get this market back over the 20-day exponential moving averages and above the S&PTue, 27 Oct 2009 10:50:56 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-27.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-23.htmlJust when it looked like all hope was lost for this rally to hang in there, the bulls fought back today in a big way, engulfing the losses from yesterday. Not much news to go on except some good Dow earnings reports this morning. The market gapped down big on the Nasdaq, but the Dow wanted green. The market was bifurcated with the Nasdaq down 10, but the Dow up 40 an hour or so in. After that, the Nasdaq started to reverse while the Dow kept going. The S&P 500 started lower but it tooFri, 23 Oct 2009 10:34:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-23.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-22.htmlThe market was moving higher throughout the day with commodity stocks leading the way based on the dollar falling apart. It opened at 22.40 PowerShares DB US Dollar Index Bullish (UUP) and got down to 22.26, which is exactly where the bottom of that bullish falling wedge is. A move below 22.25 and we'd have blastoff for this market.  We were right there when a very well respected analyst, one hour before the market closed, downgraded Wells Fargo & Company (WFC), a major financial, andThu, 22 Oct 2009 09:15:30 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-22.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-21.htmlIs it a sign of further down side action to come? Based on technicals I'd say yes but if you're expecting a market free fall, you're in the wrong game. We gapped up today and clearly that gap was sold but whenever we got near 10,000 on the Dow, the bears got their usual cold feet. However, with many good earners from last night printing black candles, meaning more sellers than buyers once it opened for trading, it tells us a lot of the good news is in near-term on this market. I will remindWed, 21 Oct 2009 09:14:49 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-21.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-20.htmlNegative divergences. In fact, quadruple negative divergences on t he Dow and basically triple negative divergences on the S&P 500 and Nasdaq. Overbought daily charts everywhere to add on to the negative technicals. So how does the market respond? Another up day. Up a drop at first. Then some selling in the Nasdaq took it red wh ile the other indexes held on to tiny gains. Blink your eyes and we're up strongly across the board. The bulls were very determined to hold on to Dow 10,000. ItTue, 20 Oct 2009 09:15:48 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-20.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-19.htmlMarket Overview We finally made the move over the 1080 level on the S&P 500. It took quite a long time with lots of close calls that teased the bulls and gave the bears reason to wipe their brows in relief. The gap was on huge volume back in October 2008 thus it really came as no surprise that we failed the first tests up there. With the bears never really able to sell things off, the bulls finally found a way to get the job done. At the same time we cleared 1080 on the S&P 500, theMon, 19 Oct 2009 09:21:22 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-19.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-16.htmlThe bears tried this morning to take things lower after yesterday's clean breakout over S&P 1080. The futures were down pre-market but worsened once the earnings came out from Goldman Sachs Group (GS) and Citigroup, Inc. (C). The numbers fro m GS were solid but it had been straight up and needed a pause in the action. It certainly got that refresher pre-market as it was down about 5$. Citigroup, Inc. (C) was awful. Less of a loss than expected but they're still bleeding out badly and thisFri, 16 Oct 2009 07:48:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-16.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-15.htmlSo we finally said goodbye to 1080 S&P 500 after trading in between the gap for a month or so. One break down below along the way that was quickly recovered. You had to figure it would take time to get through since the gap down from 1080 to 1060 in October 2008 was on massive volume and started another strong leg lower. Lots of willing sellers at that magical 1080 level. I had talked about how when these big levels get taken out, they usually get done so by a gap up and out. Intel Corp.Thu, 15 Oct 2009 11:12:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-15.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-14.htmlTis the season folks. Will we have Santa or the Grinch. As we sit in this annoying 1060 to 1080 S&P 500 gap we are wondering if it will ever break out or will it simply fail and ultimately break down. We are going to get our answer very soon. Tonight the real earnings season begins. No more Alcoa's (AA) but the real deal economy stocks are here for review. There's a lot of good news built in thus these stocks better say s ome real good things or they will get hit. They need to beat onWed, 14 Oct 2009 12:51:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-14.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-13.htmlWe hit 1080 weeks ago and then pulled back strongly only to blast back up and hit 1080 yet again today. We pulled off that again quite sharply intra day but saw the S&P 500 hold very well overall in to the close with a finish at 1076. Grinding our way through the 1060 to 1080 gap day-by-day here with the bears able to hold the bulls off but not able to take the market down with any force. If the bears can't get the job done before the big earnings reports, which begin tomorrow, it'llTue, 13 Oct 2009 09:54:12 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-13.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-12.htmlMarket Overview: These are more than interesting times. You have stocks continuing to move higher off the March 666 S&P 500 lows. Every critical level of resistance struggles initially but eventually gets taken out to the up side over time. Each time it fails initially, the bears come out and say the top is in but that just hasn't been the case. The bulls fight and ultimately wear down the will of the bears and move the markets higher. The bears get frustrated because they feel the moveMon, 12 Oct 2009 07:38:17 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-12.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-09.htmlLet's take a moment and talk about doji's again. When a market over a period of some days is either in an up trend or in a down trend and we print a doji, it means we should reverse the opposite way for a few days. That the other side has caught up. A doji usually occurs on a gap up or down with the market being virtually flat the rest of the day. Today we saw this take place. A nice gap up over 1060 on the S&P 500 but no follow through towards the upper end of the gap at 1080. We did pushFri, 09 Oct 2009 10:37:21 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-09.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-08.htmlOften we explain why a market gets thin, meaning why it loses its volatility and trades in a narrow range. We have good support at 1044 with 20 resistance at 1060 or the bottom of that now often talked about gap. It's going to take something special, either positive or negative, for this market to make a move and open up things. It could be earnings folks. It should be earnings. We are at the precipice of another earnings season but this earnings season is not an ordinary one. The market hasThu, 08 Oct 2009 08:49:47 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-08.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-07.htmlAnd the bulls say take that. The emotion of the game is what always makes this the toughest game on the planet. We all have to admit that things looked pretty dire for the bulls there. Negative divergences finally playing out. Overbought at extremes finally playing out. We were plunging down pretty fast. Right through the 20-day exponential moving averages on all the major indexes on only the second try by the bears. Normally it takes three or more times thus you had to be impressed by theWed, 07 Oct 2009 09:02:56 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-07.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-06.htmlI had talked about the likelihood of a bounce as we got to the 50-day exponential moving averages on the daily charts. Yes, it was possible to just blow through those 50's but with the market trading above them for the past three months without a test of any kind, it was extremely unlikely that we'd just break down and through that level. We got close but today saw the bounce on lower volume. The thoughts here are about whether this was just a bounce of those 50's or was it a typical test thatTue, 06 Oct 2009 09:38:04 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-06.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-05.htmlMarket Overview: We can remember the beginning of October as the time when the major indexes across the board lost their 20-day exponential moving averages. The market had traded above them for many months. So long, in fact, that they were able to cross over the 50-day exponential averages, which is quite bullish. In bullish trends the lowest moving averages are trading above the next highest ones we follow, such as 20's over the 50's and 50's over the 200's. Things had been going alongMon, 05 Oct 2009 08:40:55 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-05.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-02.htmlMarket Overview: 1046, 2090 and 9648 on the S&P 500, Nasdaq and Dow respectively. Those are the magical 20-day exponential moving averages that all went down today without a fight. The market didn't even have to gap below those levels to get the job done. Normally, important levels of support go away through morning gaps but today we saw the bears take control and just destroy those 20-day exponential moving averages. The market gapped down a bit but traded just above those 20's until 10Fri, 02 Oct 2009 09:16:13 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-02.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-01.htmlMarket Overview: That's all we're doing while trying to unwind those daily charts along with those nasty negative divergences. We go up. We go down. We go back up and then back down all in the same day. Tremendous whipsaw in wide and loose triangles as the bulls and bears fight it out between 1045/1080. In a given moment the bulls look like the winners and in the next breath the bears look like victors. Back and forth and in the end, no one is really emerging out on top. Maybe it'll take theThu, 01 Oct 2009 08:39:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-10-01.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-30.htmlAnd that's just the way it is folks. Boring for sure. No fun. I get it. However, it is what it is. With 1045 being support and 1075/1080 being resistance, neither side was able to get anything done today. We're simply stuck, basically in the middle of the range, thus there's nothing more to do for the moment.  There’s the usual number of red flags out there, such as negative divergences on the daily charts, not only on the index charts, but on some of the leading stock charts. It hasn'tWed, 30 Sep 2009 09:06:32 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-30.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-29.htmlMarket Overview: I talked about the first important, though not critical, support level on the indexes being the 20-day exponential moving averages. We tested down to those levels late last week but held and closed right near them. The key was to see if we were in a more immediate selling phase or not, which would be known by how the market responded today. It left little doubt about where we are on the journey. The market held and it looks as though the bears may need a little more timeTue, 29 Sep 2009 09:51:54 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-29.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-28.htmlMarket Overview: The market has been on a move higher the past couple of weeks but with one major difference over the move up the previous weeks and months prior to that as was noted in last weeks report. Late last week the market started to print Doji Candlesticks, often a precursor to a change in trend move up against major trendline resistance which can be seen in our three index charts. The recent move up had become a grind. Like glass on a blackboard. It wouldn't fall very much but theMon, 28 Sep 2009 08:58:14 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-28.htmlhttp://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-24.htmlThe market has been very overbought for quite some time. Sometimes it gets ridiculous to be blunt. Staying at levels of overbought you just don't see very often. We can see that, not only on the index charts, but on many regular stock charts such as Apple Inc. (AAPL) and Google Inc. (GOOG) to name just a few. Both of those issues printed, on the daily charts, RSI's just under 80 today. That's just silly. These readings can't go on forever.  The daily charts reached as high as 76 today,Thu, 24 Sep 2009 09:17:36 GMThttp://www.fxstreet.com/technical/analysis-reports/info@advicetrade.com (SwingTradeOnline.com)http://www.fxstreet.com/technical/analysis-reports/weekend-analysis/2009-09-24.html