Fuinhaz

$SPY taking a big hit as jobless claims dropped less than expected. The data shows that the claims are down 3,000 to 382,000 while analysts expected 373,000. The second important news came from Chinese manufacturers and the policymakers who are unsure if the world's second-largest economy will feel compelled to follow the global rush of

Dear readers, I want to excuse myself from not presenting you all with a $SPY read yesterday. I went in for a regular check-up and received great news that I am 100% healthy and that I will be able to push myself a little harder on my bicycle. Last night the Bank of Japan became the

$SPY opening slightly lower this morning. Still not enough to scare the bulls. Now that the fed started QE3, all the news from Europe so far will be seen as a good opportunity to buy the dips. And the US is taking advantage of their misfortune to attract buyers, so the idea is best described

Wow we did get QE3 after all. I am speechless. I thought that we could make it without it, but apparently the move was more political than actually economically needed.Anyway I am going to keep this brief, and just give out the numbers today. $SPY 1st support is 145.01, 2nd support 144.65, and 3rd is

I want to apologize since I got the wrong day for the fed decision. It is actually today, not yesterday. But believe it or not, the message and levels are pretty much the same as yesterday. The only difference is regarding today's economic data. Jobless claims rose more than expected, up by 15,000 to 382,000 and

$SPY opening higher as we push into resistance at 144.44. If that is broken we will make new highs once we cross my current break out level of 144.60. Today we have fed decision in which we all know what it will be, and the message going going forward. People continue to demand for a QE3, but

May everyone’s heart go to the victims of September 11, and all the loved ones they left behind. $SPY lost traction from yesterday's night future after The U.S. trade deficit grew slightly in July, as exports to Germany, France and other European nations shrank and imports from China soared to a new record. Yesterday I talked

$SPY opening lower today, from what I can see in the $NYMO (McClellan Oscillator) we are now on the top of the range on the last 15 to 20 days. We are most likely to pullback starting this week since we have the fed meeting again. We still have lots of space to run to

$SPY trying to follow through today. The data concerning jobs came out today with non-farm payrolls rising by 96,000, which is less than expected by analysts. Unemployment drops  to 8.1% vs 8.3% in July, which is more than expected. Let's go to today’s numbers. $SPY 1st support is 142, 2nd support 141.59, and 3rd is

Yesterday I noticed an invert head and shoulder pattern developing on the intra-day chart, that would be expected to conclude once we crossed the 141.56 level. After all the European rate decision stayed as everyone expected. The good thing of looking at these patterns is that it may get a lot of people by surprise