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Heikin-Ashi & Clues in a Boring Market $SPX $SPY $DIA $DJIA

August 30, 2012 Comments off

Look at the haDelta chart: Although both are positive, haDelta is below its short average SMA(3).

 

Heikin-Ashi & Clues in a Boring Market $SPX $SPY $DIA $DJIA  8/29/2012

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Make It or Break It $SPX $SPY

August 29, 2012 Comments off

Both haDelta and its SMA(3) are negative and ready to cross in the proximity of zero.

As experineced in the past, this scenario can generate a strong trend.

For a better picture, let’s go to the weekly time frame (see second chart below).

 

Make It or Break It   $SPX $SPY   8/28/2012

 

Although the week is not over, we notice a slowdown of the long uptrend. Warning.

 

Make It or Break It   $SPX $SPY   8/28/2012

 

 

Looking Good, Ready for a Bounce $SPX $SPY $DJIA $DIA

August 27, 2012 Comments off

Top: It looks like a  bullish candlestick pattern (Warning! heikin-ashi ignores all patterns and makes trading easier)

Middle: The emergence of a red heikin-ashi candle with both upper and lower wicks points to a slowdown of the existing pullback

Bottom: haDelta is timidly above SMA(3) ; a bullish sign.

Conclusion?  Ready for a short bounce.

Looking Good, Ready for a Bounce $SPX $SPY $DJIA $DIA 8/24/2012

How to Beat the Market $SPX $SPY $DJIA $DIA

August 22, 2012 Comments off

Use heikin-ashi!

  1. Many say that the last two candles were a hanging man followed by a (kind of) shooting star. Normally, each one points to a top/reversal. When combined with the resistance @1,422, the top is a fulfilling prophecy.
  2. From a heikin-ashi perspective, we look only at the lowest pane, at haDelta and its SMA where we see bearish signs (lower peaks, a bearish haDelta crossing) inside a consolidation pattern (the symmetrical triangle).

Conclusion?

  • A bearish confirmation is issued only when the SMA (red) will become negative. Until then, unconvincing selling.

How to Beat the Market? $SPX $SPY $DJIA $DIA  8/21/2012

Heikin-Ashi Shows a Weaker Market Here $SPX $SPY

August 18, 2012 Comments off

Life is simple: We may disregard any technical indicator here because of the important resistance @1,422. “The market will peak here and retreat.”

Does heikin-ashi offer corroborating evidence?

The modified candles (middle pane) are still white, pointing to an uptrend and no reversal.

haDelta is far from its first historical resistance (blue dot) so any haDelta peak below it would mean a weaker market for a while.

 

Heikin-Ashi Shows a Weaker Market Here $SPX $SPY 8/17/2012

The Pan Flute Pattern $SPX $SPY $QQQ $DJIA

August 14, 2012 Comments off

The pattern is valid only on heikin-ashi charts and is associated with a very tight coil.

Like any other pattern it requires a confirmation although haDelta (the canary in the mine shaft) points to a bullish development.

Same pattern appears on $DJIA and $QQQ daily charts.

The Pan Flute Pattern $SPX $SPY $QQQ $DJIA  8/13/2012

The Heikin-Ashi Morning Report ($SPX $SPY)

August 9, 2012 Comments off
  1. April support is now resistance +
  2. The Heikin-Ashi chart shows a body-inside-body (slowdown) +
  3. haDelta reacted as expected +
  4. Was yesterday’s price candle a hanging man or not? Heikin-Ashi does not care about names, definitions, translations. It looks at each candle as it develops and translates it accordingly (and well)

Conclusion: A clear wait-and-see.

The Heikin-Ashi Morning Report ($SPX $SPY)  8/8/2012

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