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    Fuinhaz $SPY read for November 23, 2012

    I will not be trading today, but I want to leave you with my expectations on the $SPY today. $SPY 1st support is 139.39, 2nd support 138.59, and 3rd is 138.05. $SPY 1st target is 140.16, 2nd is 140.64 3rd is 141.12, and 4th one just for fun is 141.56. Trade what you see not what you

    By |Published On: November 23, 2012|0 min read|
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    Fuinhaz $SPY read for November 21, 2012

    $SPY pretty much flat, but looking like it wants to conquer the 2nd Fibonacci retracement of 140.10. The economic data this morning show that jobless claims fell by 41,000 to 410,000, which is in line with the estimates. I am not expecting too much today since everyone is already in the Thanksgiving mood. And with

    By |Published On: November 21, 2012|0 min read|
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    Fuinhaz $SPY read for November 21, 2012

    $SPY pretty much flat, but looking like it wants to conquer the 2nd Fibonacci retracement of 140.10. The economic data this morning show that jobless claims fell by 41,000 to 410,000, which is in line with the estimates. I am not expecting too much today since everyone is already in the Thanksgiving mood. And with

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

    $SPY pretty much flat as we received news last evening about France being downgraded from AAA to AA. Doesn't impress me at all but I think this is the media trying to take focus from Spain, that is in real bad shape. Actually I did read yesterday that Spain was offering permanent visa for foreigners

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

    $SPY pretty much flat as we received news last evening about France being downgraded from AAA to AA. Doesn't impress me at all but I think this is the media trying to take focus from Spain, that is in real bad shape. Actually I did read yesterday that Spain was offering permanent visa for foreigners

    By |Published On: November 20, 2012|1 min read|
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    Fuinhaz $SPY read for November 19, 2012

    This is going to be a very short week, so let's try to make the best out of it. I think that the market can now run for the next 45 days after this amazing an necessary sell off we had on the previous weeks. Everything finally lined up. We may have pullback days, but

    By |Published On: November 19, 2012|1 min read|
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    Fuinhaz $SPY read for November 16, 2012

    $SPY gaping higher as I am happy to announce that my current theory of a bounce around the 135.14 level became a reality, and I am overwhelmed to the reaction of my followers on twitter, and on the chat rooms I participate. I want to thank everyone for your kid words, and support. I put a lot of work on these $SPY reads,

    By |Published On: November 16, 2012|1 min read|
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    Fuinhaz $SPY read for November 15, 2012

    $SPY slowly moving lower after jobless claims unexpectedly jump up 78,000 to 439,000. CPI Rose 0.2% Vs. 0.1% estimated by analysts. I am actually very excited about today. I am looking to go long if we hold the 135.14 level which represents the 4th Fibonacci retracement level. I do believe that one could pick up mostly anything, and

    By |Published On: November 15, 2012|1 min read|
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    Fuinhaz $SPY read for November 14, 2012

    $SPY gaping a little bit even after economic data showed that retail sales fell 0.3% in October and  PPI Down 0.2% instead of the 0.2% rise that was expected. As I write this the $SPY is just under 138.28 which have been proven to be a good b/o level, but the 138.88 is the big

    By |Published On: November 14, 2012|1 min read|
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    Fuinhaz $SPY read for November 13, 2012

    $SPY on pre-market have been holding the 3rd Fibonacci retracement level @ 137.67. One could assume that the open may lead us to test the next level at 135.21, or that we will stop just shy of it. The troubles in Europe are still far from over. I did read that the Spanish government ceased

    By |Published On: November 13, 2012|2 min read|