Sorry if you haven't keep up but  this is a scalp trading tool, It's only a 5 minute chart. 

1st trigge is the slow stocastic and williams turning up or down out of extreme levels, 2nd is the parabolic sar crossing the price.

sell sds and go long

$NYAD gave a sell signal about 5 min. ago.

Thanks Steve

anyone know if this 3 day weekend is traditonally bullish? Did anyone ever find that seasonality calendar?

Pre-Holiday Rally
Due to general optimism, stock markets tend to rise ahead of three-day holidays in the United States such as Independence Day, Thanksgiving, etc.



Read more: http://www.investopedia.com/articles/05/seasonaltrends.asp#ixzz1jFnVbcrA

GLD looks to run to $162 gap; both up nicely premarket.  http://screencast.com/t/EP6LOkpuGTg

http://screencast.com/t/erJalZBXlE0e

I've got a buy signal on the TLT = bad for SPX

I haven't been here all day but the $NYAD is not working anyway, the markets are just too choppy for day trading with 30 min. up then 30 down. never the less, it went on a sell for the spy about 1:50 pm

http://www.youtube.com/watch?v=yipV_pK6HXw

yes, and if you look at the short etf EUO it looks like a inverted H&S and is a good play on this imho.

EURO continues to sell off this am, bonds & dollar up = bad for spy

Meaghan, you know what they say, "there is no such thing as a dumb question, just dumb answers"; at the risk of giving a dumb answer here's my take.

The maket can what ever and when ever it wants ad money flows in or out. The 200 DMA is watched by lots of traders and is considered a safe way to stay on the right side of the market but since the markets were taken over by machines that trade $Trillions$ at the speed of light it's not nearly as important as it used to be. Here's two charts for you to log and watch, first is a my spy chart, the spy fell sharply below the 200 dma last Aug. if you had waited for that to happen as a sell trigger you would have left $10 on the table. But if you had bailed out when the stocastics and willaims gave a sell signal you would have caught the whole move.

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=1&mn=3&dy=0&id=p62223266142&a=205655459&listNum=1

Next is a chart of percent of NYSE stocks above their 200dma, it is great tool and one to watch, it too would have protected you from that huge move down.

http://stockcharts.com/h-sc/ui?s=$NYA200R&p=D&yr=1&mn=0&dy=0&id=p06425505978&a=212588592&listNum=1

also notice on the spy chart that it is starting to give  a sell signal yesterday with the slow sto 14 crossing over the 3, I want to see it get below 80% and other indicators turn down as well before I go too short but the markets are ripe for a sell off at this time.

Look at the daily A/D, last time we were this extremely over bought the SPY dropped $25, it was July 4th.

It just fliped back to a buy for sso and sell the sds $18.25.

Seems like it gives great signals when I'm not looking, so tomorrow I have a dentist appointment at 11 AM, be ready to trade and make some money for me!

Oh, and Friday, I'll be leaving town about the same time, so LOOK OUT!

call it inflation LOL

 but that is the projection of the wedge breakout.

I just got back from town, the $NYAD gave another scalp trade short signal at 2:50 when the sds would have been at about $18.18. I should have gotten back sooner!

Interesting chart on the Q's, look how many times this level of $58.40 has stopped the price and how many times it's jumped it to form gaps in the last year. The projection for breaking out of this wedge is off the charts but roughly $63 is the target.

http://screencast.com/t/qsNmBRR7

I have to go out in about an hour but the $NYAD is giving a sell signal, say SDS $18.10. now we will find out if this market is strong or just forming a bull trap.