Daily SPY Read

I don't know if many of you follow me on twitter, but On February 26, at around mid day I wrote that we had reached the 148.90 Fibonacci level, and that we were about to bounce. On that same day I talked about in the morning that I had seen people calling for a 7

$FSLR Huge drop yesterday, but was still able to close above the 50% Fibonacci level. As long as it can hold this 26.85 lvel it will be a nice long. $MSNT The gap is huge on this name, and on pre-market it is showing itself between two Fibonacci levels. I am not sure this one

I want to excuse myself today. I will not be able to write too much, but I will leave you with the most important part which are the support and targets. $SPY 1st support is 147.44, 2nd support 146.17 and 3rd is 145.90. $SPY 1st target is 149.80, 2nd is 150.21, 3rd is 150.42, and 4th

$BBRY wants to break out over 13.20 and probably make a run to 13.70 $CCUR Watch for a break out over 7.21 which is a nice fib level. As long as it holds that level it may make a run to 7.47+. $DLTR Gaping nicely but will probably find some trouble over 43.39. I will

$SPY Trying to show some strength but I think that the 148.90 level test is now inevitable. If we touch that level. I want to remind that we already did over 2.5% pullback from the highs of the year once we touched the 149.44. I read a lot during the day, and I see some

$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