Fuinhaz

And the $SPY doesn't want to do anything about a pull-back. It touched 144.10 yesterday which was my 2nd target. It is now gaping up again to re-test it, and I think that it is all in the hands of the fed as we wait for a decision that we already know what it is. Traders are pumping this make

So we are gaping up to just below the 1st Fibonacci retracement level of 143.18. I have been insisting on a pullback, and if we don't get it today, then I have to give a huge shout out to the bulls. But on my charts a pop to the 143.18 level would put the  $NYMO (McClellan Oscillator) at

$SPY pretty much flat lined again. Nice move up on Friday, but I am finding it so much hard to embrace this rally without a decent pullback to re-test the 140 level. I have a strong belief that we will move above the 1500 level in the S&P 500, but that is not going to be an

I am not surprised by the jobs report, I am actually curious to see if we will move above the 142.71 level.. As long as we can stay above the 142.26 level today this rally have legs to re-test the highs. Anything goes wrong around 142.71, and we slide back down. Overall i am still bullish, but the short

I still don't feel like this market is ready to go back up and test the highs. The drop yesterday, and explosive recovery was very impressive, but the late day selling still signals that there are levels that this market wants to test. Today's jobless claims decline was nice, but not enough to put a smile on

I am having mixed opinions about today's open. The economic numbers are indeed good, but the 141.56 level is proven to be a tough one to beat. I am really looking to see the market pop then dive and maybe we can move back higher again today, or something like Thursday or Friday. I am not trying to

$SPY opening pretty much flat. Just enough for the bears to most likely re load on shorts so we can continue the downhill slide until the 140 (2nd Fibonacci Retracement level). For that not to be true (almost impossible) we would have to blast through the 141.56 level and reach the 142.26 level before 12:00pm,

$SPY gaping higher, above the 1st target for the day of 142.71. Keep in mind that since we are gaping higher like that, it immediately put us in the overbought territory according to the $NYMO (McClellan Oscillator). On the Fibonacci Retracement level, we are just a few cents from the 143.18 point where I am convinced that we will

$SPY about to open flat as the economic data this morning showed that personal income was unchanged in October it actually dropped by 0.2%. This is the first decline in spending since May. You see this is the kind of news that would actually make an average trader just say that the world is ending,

$SPY gaping up and so far confirming my current view of a buy the dip kind of market. I want o remind everyone that we are very close to being overbought, but there are still a lot of space to run. When things get really ugly I will let you all know in advance, so