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    Fuinhaz $SPY afternoon update for August 21, 2012

    So now the $SPY got literally everyone by surprise and now people are not looking at buying the dips, like the did last week. Even if we bounce from this tomorrow, a lot of retail investors have lost their confidence. Now here is the important note from "Uncle Fuinhaz". When you see the market spiking

    By |Published On: August 21, 2012|1 min read|
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    Fuinhaz $SPY morning update for August 21, 2012

    $SPY opened strong, and kept going until it reached it's intra-day R3 @ 143.04 and change. At that same time, $IWM also hit it's R3 @ 82.46, and everything pulled back. Currently the $IWM bounced off on R3, but I don't think it will last too long. In any day of the past 2 weeks,

    By |Published On: August 21, 2012|1 min read|
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    Fuinhaz $SPY read for August 21, 2012

    $SPY making a new high for the year, this time as investors continue to speculate on the prospect of the European Central Bank stepping strongly into bond markets. We also have Fed Minutes today, so don't expect anything other than another up day today. $SPY 1st support is 142.14, 2nd support 141.87, and 3rd is

    By |Published On: August 21, 2012|0 min read|
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    Fuinhaz $SPY afternoon update for August 20, 2012

    $SPY trying hard to hold 142. It almost feels like we are setting up for a nose dive, as we can't break or even get close to 142.26, and big names are showing some lack of traction. I think that once we start to slide down it will be fast and with a lot of

    By |Published On: August 20, 2012|0 min read|
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    Fuinhaz $SPY morning update for August 20, 2012

    $SPY pulled back, and currently holding the 142 level again. Many names I have been watching making new highs lately, finally pulled back. Not sure if selling will continue for now, but it would sure be nice to see it. To be honest, I am now trying to figure out if this will be a

    By |Published On: August 20, 2012|1 min read|
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    Fuinhaz $SPY read for August 20, 2012

    $SPY opening pretty much flat. We had a great 3 week run, I am not saying this is over since I have been expecting a pull-back for the past 15 days, so I will just let my keyboard rest, and give you all just today's level to watch. $SPY 1st support is 141.40, 2nd support

    By |Published On: August 20, 2012|0 min read|
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    Fuinhaz $SPY afternoon update for August 17, 2012

    $SPY holding well the 142 level. The names I mentioned to have popped and giving some back, came all back to intra-day break out level, showing that this may not be the end of all this run. Still, I need to see 142.21 breached and enough volume to stay above it, otherwise We may be

    By |Published On: August 17, 2012|1 min read|
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    Fuinhaz $SPY afternoon update for August 17, 2012

    $SPY holding well the 142 level. The names I mentioned to have popped and giving some back, came all back to intra-day break out level, showing that this may not be the end of all this run. Still, I need to see 142.21 breached and enough volume to stay above it, otherwise We may be

    By |Published On: August 17, 2012|1 min read|
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    Fuinhaz $SPY morning update for August 17, 2012

    $SPY trying it's best to stay above 142. It did hit at the open above the 142.21 level. Today is options expiration, so there is a sense of a possibility for us to continue to run, and a weekend in front of us in which no one is certain if the market can continue to

    By |Published On: August 17, 2012|1 min read|
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    Fuinhaz $SPY morning update for August 17, 2012

    $SPY trying it's best to stay above 142. It did hit at the open above the 142.21 level. Today is options expiration, so there is a sense of a possibility for us to continue to run, and a weekend in front of us in which no one is certain if the market can continue to

    By |Published On: August 17, 2012|1 min read|