Fuinhaz

$ARMH trying to break out. Any re-test of the 42.17 level is a good reason to short. 1st target is 40.90. $GOLD watch the 83.55 level for break out confirmation. 1st target is 84.20 and above. $GRPN is trying to put in a bottom in my opinion. I would wait until it crosses 5.96, or

$SPY gaping higher following both Asian and European markets. One cannot deny that the bears had a great chance to bring the market down, but with no success regarding a longer term move. We did had a decent pullback, but once we tried to break under the 150 level, many decided to hold it by

$DNDN Watch for a move above the 6.17 level. 1st target is 6.93. $DRYS watch it if it crosses the 2.02 level. May have a good chance to run all the way to 2.37 $GLUU as long as it stays above 2.44 today, it can continue to run up to 2.55 and depending how strong

Here are some setups for today.$ARUN, watch for a it to fail under 24.38 $MRVL watch for a break out over 9.65. Watch for $HPQ to fail the 18.50 level, and rop all the way down to 17.15

$SPY gaping up after massive sell off for two day. Still not going over the 151.47 level, meaning that this looks very much like a trap. I have been very active shorting stocks, I will try my best to put some setups and charts today so you can all see how I am doing. If

Sometimes I write things, and when the inevitable happens, Not only I am proud of myself, but also surprised. Everyone who have been in the market long enough knows that everything that goes up, usually comes down much faster. Some of us like to refer that as the elevator effect. We are now set to

$SPY opening flat after starts at building sites for homes fell 8.5 percent last month to a 890,000-unit annual rate. But still the permits for future home construction rose to a 925,000-unit rate, the quickest since June 2008. The housing market seems to be picking up again, but people are not going crazy on the prices

$SPY opening slightly higher after a 3 day weekend. It seems that many traders are looking the Office Depot $ODP, and Office Max $OMX deal. As for me, I am looking at 152.74 level in the $SPY if indeed we break out higher. Last week everything seemed like we were finally losing the steam, but

$SPY to open neutral, but what looks like to be a low volume session. If I am not wrong today is options expiration day. I also see that many blue chip stocks are not moving as hard as they did a couple of weeks ago. Most of them are opening flat, or slightly lower. I do see

Happy Valentine's day to all my readers. Specially the ladies. The $SPY is opening lower, and I have seen it as low as 151.47 which is one of my Fibonacci levels. A move under that level will most likely take us to test the 149.60 level which could pretty much change the current buying the dips pattern that