Fuinhaz

Well I have to say that gap down came in a very interesting time. Last week as many of you remember I was expecting the 156.45 level to be the top for the year. I also had a 156.70 for my 2nd target on the $SPY level which represented the all time high in the

$AMZN Hourly Chart - Opening above the 261.81 Fibonacci Level, but a lot of selling going this morning. If it gets close to that level, and doesn't hold, one can short this baby down. $ARMH Hourly Chart - Gaping over the 42.18 Fib level. It did the same thing last week, and I believe the

$SPY opening this morning lower, but going ex dividend. But still not a lot of movement ever since we broke all time highs. At this point it gets very hard to predict the $SPY move if we continue to drift higher. The only thing I can see right now is that this 156 - 157

$AAPL Horuly chart - Opening above the 38.2% Fibonacci retracement, as long as it stays above the 436.20 level, it is good to go. $ARMH Daily Chart - Opening above the 23.6 Fibonacci Level. And looking very much to break new highs. $ASMI 15 min chart - Opening above the 23.6% Fibonacci level, as long

Big day for me, as we approach my 156.45 mark. I actually saw 156.44 being printed this morning.  Again I want my readers to be really cautious, and only take this market in a bearish way if and only we have confirmation. That confirmation could take a couple of days, so even if I get

$AAPL Daily chart - I have no idea how it showed up on my scans today, but here is the deal. 436.30 is the current resistance level. I think that everytime it touches that level it will sell. Above it with some serious volume, and maybe it has a good chance. $AFFY 15 min chart

I really thought that yesterday was going to be the day we reached 156.45 in the $SPY, but no, we sold off. This morning we may have another chance as today's economic data show that retail sales increased 1.1 percent, the largest rise since September, after a revised 0.2 percent gain in January. The rest of

$ASML daily chart - trying to pop this morning, but the downside is pretty much inevitable. If it starts to fail to move higher, One can short it under 69.25. The 1st target is the 38.2% Fibonmacci level. If market gets voracious and continue to sell it will break that level, and the following target

The $SPY closed .42 cents shy of my 156.45 target for the year. I compared my expectation with other highly intelligent ANALysts, and I am pretty much in the ball park. 2013 S&P Targets Wells Fargo 1,390UBS 1,425Morgan Stanley 1,434Deutsche Bank 1,500Barclays 1,525Credit Suisse 1,550HSBC 1,560Jefferies 1,565Goldman Sachs 1,575BMO Capital 1,575JP Morgan 1,580Oppenheimer 1,585BofA Merrill

$BBRY Daily Chart - Watch for the 15.50 level. It could take off from there or find some decent resistance. $GLUU Daily Chart - Gaping nicely, I will be watching the 3.07 level, if it breaks, then this one can continue to explode. $GOLD Hourly Chart - 82.60 is where things really start to happen,