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Guy Cohen

Market Update - 9th February 2010

by Guy Cohen 9. February 2010 18:19
Hi Everyone Very weak action yesterday - with the main indices only poking through Friday's high temporarily before slumping again.  This is bearish, but still don't be surprised if we see some sideways action. The OVI Index (under the Volume Bars) is unsurprisingly still negative on all thre... [More]
Guy Cohen

Urgent Market Update - 5th February 2010

by Guy Cohen 7. February 2010 18:22
Hi Everyone, Friday's afternoon session saw a massive rally on the indices and across the board.  By some luck as well as judgement (I was a bit wary about the impact of the Employment Report so thought best to take profits) I closed all my positions at about 2.20pm EST (7.20pm UK time just be... [More]
Guy Cohen

Market Update 28 January 2010 - Retracement on the Cards

by Guy Cohen 28. January 2010 18:30
Hi Everyone Yesterday's late rally suggests a wider retracement for the next few days.  Current bear flags may turn into rounded bottoms, and weaker stocks will consolidate further until the next leg down. If we're in for a multi-month bear correction, it would be great to have a steep retrac... [More]
Guy Cohen

Market Update 25 January 2010

by Guy Cohen 25. January 2010 20:29
Hi Everyone All the major averages have broken their rising trendlines on big volume so it's bear flags all the way from now. I think we're headed for a MAJOR correction that will give us several opportunities to get in with shorts, sell bets or put options for months to come.  Remember, the ... [More]
Guy Cohen

Market Update 22 January 2010

by Guy Cohen 22. January 2010 20:38
Hi Everyone Wow, high drama in the markets yesterday and the conspiracy theorists are all coming out of the woodwork! Let's skip all the hyperbole and focus on prices. As mentioned yesterday, the markets were looking edgy and the OVI was turning down in a "beginning-to-be-meaningful" way. &... [More]