Daily SPY Read

$SPY trying to pull the same stunt as yesterday. I think by now everyone is expecting the market to sell off at any minute now. But the question is. When will it happen? Well for starters, I had a Jan 11 target from the November 16 bounce. I mentioned that according to analysis made by @Legacy_Trades I plotted this

$SPY opening higher again after economy added 155,000 new jobs and rate holds at 7.8%. I would like to remind everyone that we are close to the end of that 45 day run from Nov 16 I talked about. The date is January 11, so I do think we keep running until then. I am expecting

Guys I am still on vacation, and will be until the 13th. I have been waking up late so please don't get upset with me if I just leave you all with the $SPY read for a couple of days. $SPY 1st support is 144.24, 2nd support 143.20 (A couple of cents above 1st Fibonacci Retracement Level), and

Happy New Year everyone. $SPY opening the new year with a bang as if held that 140.10. I really thought for a moment that we really were going off the cliff this time, but congress pulled a last minute stunt and patched an open wound with one stitch. $SPY 1st support is 143.69, 2nd support 142.86,

First of all I want to express what a wonderful year I had. It has been a pleasure to help you all out with the stock market. I hope I was able to dismistify  or at least give you all another view from the one you were used to. I wan to wish everyone a 2013

I am sorry for not being able to write yesterday, but if you are a regular reader, you were wise enough to know that I was looking for that 140 level to be a nice bounce spot. The $SPY is clearly going to re-test that level again. If it can test and stay above, it is a

$SPY opening flat, I think that the big picture will come in tomorrow when we have the initial claims report. Other than that it is fiscal cliff fear, and a whole lot of choppiness on what could be a short week of low volume in the market. $SPY 1st support is 141.83, 2nd support 141.16, and 3rd is 140.67. $SPY 1st target is

$SPY opening lower on a very low volume session. The main worry is still the fiscal cliff. I want to see this pullback to go to 140, but I think it is very hard that it happens today since today is Christmas Eve. Take t easy today, and get your friends together and celebrate something

Today is my birthday, and I could not have received a better gift than this extraordinary pullback. I want to specially thank the U.S. House of Representatives Speaker John Boehner for being so hard headed and remind him that if Plan A was bad, how much worst could Plan B and C be. Other than that,

Tiny gap on the $SPY, or one could actually say "flat open". Many names gaping down, or simply not moving either way. I personally think that we will have a kind of swoosh down day. And we will most likely hold the 143.17 (1st Fibonacci retracement level). some dip buyers may come in. $SPY 1st support is 143.97, 2nd support 142.98 (Just