I want to apologize for being absent. i just moved to a new place so the boxing and parenting duties were a priority. I am not completely done, as you may notice, I am only writing my $SPY read today, and not my setup. Huge days last Thursday and Friday. Market ramped up to new highs, and it still
Here we are 1st day of May, and all time highs. It is like I can almost smell 160.37. Listen, I need to keep this fairly simple since today I am moving to the new house, and I already have movers here wrapping all my stuff. The $NYMO is again close to being over bought,
$SPY tried hard yesterday, but eventually gave up and almost putted itself in danger as it briefly touched the 159.20 which on my charts was a support level. Today it is barely above that level as I write this, and from the look of this, it won't hold. Today is the last day of the
$AMRN 2 Hour Chart - Nice pre-market action, I would wait for it to pullback and hold 6.97 before getting serious long. $AMZN 15 min chart - Don't touch it until it croses 255. $ANAD 2 hour chart - Filling gap in pre-market, and jumping two Fibonacci levels. I would have to wait and see
$SPY trying to continue the run. I will closely watch the 158.70 level. If it can cross that level with serious volume, we might go for a possible triple top, or who knows even higher. Maybe we will even touch my 160.37 educated guess target. Today's economic data showed that Americans continue to spend even though their salaries are
$SPY ready for another gap up, the $NYMO closer to and closer to the overbought territory. This time I think we will really hit it. As the market continues to gallop to new highs where everyone continue to profit from the run that started last Friday I urge my readers not to ignore the levels, and
$AKAM 2 Day Chart - Nice pop after earnings, Opening betwen 2 Fibonacci levels, I think it goes higher, but it should pullback and hold the 40.88. If it does, and the market is still strong, then it may continue higher, maybe even a good swing overnight, with target at 47. $ALXN 15 min chart
Another monster day yesterday, even with a mini flash crash in the middle of the day. Today's durable good, did not helped but something tells mes we could still pop a couple of points higher. At the same time that I am almost convinced we will make new highs, I cannot ignore that on an
$AIXG 15 min chart - Had a nice gap yesterday, and rested above the 50% Fibonacci Level. Â Watch 14.10, which represents the 61.8% Fib level. $ARNA Daily Chart - Tryting to get over 8, but the trend continues lower. For $ARNA to be a good long, it would have to cross 8.23 with volume. $ASML