•

    Fuinhaz $SPY read for September 12, 2012

    $SPY opening higher as we push into resistance at 144.44. If that is broken we will make new highs once we cross my current break out level of 144.60. Today we have fed decision in which we all know what it will be, and the message going going forward. People continue to demand for a QE3, but

    By |Published On: September 12, 2012|1 min read|
  •

    Fuinhaz $SPY read for September 11, 2012

    May everyone’s heart go to the victims of September 11, and all the loved ones they left behind. $SPY lost traction from yesterday's night future after The U.S. trade deficit grew slightly in July, as exports to Germany, France and other European nations shrank and imports from China soared to a new record. Yesterday I talked

    By |Published On: September 11, 2012|1 min read|
  •

    Fuinhaz $SPY read for September 10, 2012

    $SPY opening lower today, from what I can see in the $NYMO (McClellan Oscillator) we are now on the top of the range on the last 15 to 20 days. We are most likely to pullback starting this week since we have the fed meeting again. We still have lots of space to run to

    By |Published On: September 10, 2012|1 min read|
  •

    Fuinhaz $SPY read for September 7, 2012

    $SPY trying to follow through today. The data concerning jobs came out today with non-farm payrolls rising by 96,000, which is less than expected by analysts. Unemployment drops  to 8.1% vs 8.3% in July, which is more than expected. Let's go to today’s numbers. $SPY 1st support is 142, 2nd support 141.59, and 3rd is

    By |Published On: September 7, 2012|0 min read|
  •

    Fuinhaz $SPY read for September 6, 2012

    Yesterday I noticed an invert head and shoulder pattern developing on the intra-day chart, that would be expected to conclude once we crossed the 141.56 level. After all the European rate decision stayed as everyone expected. The good thing of looking at these patterns is that it may get a lot of people by surprise

    By |Published On: September 6, 2012|1 min read|
  •

    Fuinhaz $SPY read for September 5, 2012

    First of all I want to excuse myself from not giving you all a $SPY read yesterday since I was on my way back from my labor day weekend with my family. I still need to catch up a lot on what happened yesterdya, but I will give the numbers out. $SPY 1st support is

    By |Published On: September 5, 2012|0 min read|
  •

    Fuinhaz $SPY morning update for August 31, 2012

    $SPY had an amazing open with the market popped to almost R3 level at open. When I saw that, I immediately though that for now, this market can only go down. Market then tanked a few minutes before fed speech begins. It tanked so much that it got under today's pivot point. Most stocks I watch tanked

    By |Published On: August 31, 2012|1 min read|
  •

    Fuinhaz $SPY read for August 31, 2012

    Thx God this month is over. It was not an easy month for me, some confusion, but I am happy to say that even with some bumps, I believe I did a pretty good job pointing where this market is going overall. Today may be the begging on a new leg higher for the markets,

    By |Published On: August 31, 2012|1 min read|
  •

    Fuinhaz $SPY afternoon update for August 30, 2012

    $SPY finally made it above the 140.64 level after 3pm. let's see if it can spike on the last 30 minutes and close above 141.12 so we set ourselves well before tomorrow and the speech that the Fed is preparing. As far as I know, the 3rd support in the $SPY was crucial today, and

    By |Published On: August 30, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for August 30, 2012

    $SPY dropped just under my 1st support of 140.28 to around 140.19, and bounced back. Actually 140.34 is the 3rd support on an intra-day chart, so I do believe the market is setting itself up for another leg of new highs. We will have that confirmation once we break the 140.64 level, and shoot up

    By |Published On: August 30, 2012|1 min read|