Daily SPY Read

Another monster day yesterday, even with a mini flash crash in the middle of the day. Today's durable good, did not helped but something tells mes we could still pop a couple of points higher. At the same time that I am almost convinced we will make new highs, I cannot ignore that on an

$AIXG 15 min chart - Had a nice gap yesterday, and rested above the 50% Fibonacci Level.  Watch 14.10, which represents the 61.8% Fib level. $ARNA Daily Chart - Tryting to get over 8, but the trend continues lower. For $ARNA to be a good long, it would have to cross 8.23 with volume. $ASML

Another nice and strong gap up, followed by good and somewhat mixed earnings. The $SPY is currently @ 156.61 in pre-market. I would like to point out that at 157.20, the $SPY will fill the gap left last week. I am curious to see what it will do after that. I personally think we will continue to

I am impressed to see the $SPY over 155.55, but even happier that there is a slight chance of us making new highs before the bears come in to bring down the house. We still have one more week and 1/2 until May. Remember the saying, Sell in May and go away. While that have

First of all, Thanks for the efficiency of the Boston Police, who shot and killed one of the monster of the Bombing on Monday. As for the second one on the run, don worry, they are coming for you too. $SPY reversing as expected, after we got so close to the 153.16, which is on

$SPY tried, but did not reached the 155.55 mark it needed to convince that there is some more left on it. We will most likely re-test the 50ma 154.29 one more time again today, now question is. Will it hold it this time? The short answer is no. As we approach may, and with the $SPY under

I was so excited yesterday as I saw the market moving higher with such strength. It gave me the opportunity to carefully choose many names I will be shorting today. What some people may call a dead cat bounce, I call it a technical bounce. Because this is exactly what we had as I illustrate

I am finally back home, but I just could not believe the news as I was flying from Dallas. What happened in Boston is just devastating. I can't find any humanly possible way to understand why someone have to take anyone's life to make a point. As the world get more and more stupid. Thanks to Facebook

I am sorry that I cannot write too much today regarding the $SPY and my expectations. I am going back home from my vacations in Dallas, TX. But I will leave you all with the numbers. $SPY 1st support is 157.83 2nd support 157.17 and 3rd is 156.71. $SPY 1st target is 158.80 2nd is 159.71, 3rd is

$SPY gaping down after some banks failed to deliver the so called impressive earning that everyone was expecting. To complete slap on the face, Retail sales dropped even though producer prices recorded their biggest decline in 10 months after gasoline prices tumbled. I personally have seen multiple charts screaming for a pullback, again as everyone knows, I