•

    Fuinhaz $SPY read for August 24, 2012

    $SPY opening lower after durable goods rose 2.4 percent after a previously reported 1.3 percent increase in June. Orders excluding transportation fell 0.4 percent, dropping for a second month in the a row. But that is not the news, the news are and will continue to be in Europe. Where traders renewed concerns that European

    By |Published On: August 24, 2012|0 min read|
  •

    Fuinhaz $SPY read for August 23, 2012

    $SPY opening lower followed by US data showing that Initial claims for state unemployment benefits rose 4,000 to a seasonally adjusted 372,000, the Labor Department said on Thursday. That was the highest level in five weeks. What I have been noticing lately is that stocks are running once we start to get close to a

    By |Published On: August 23, 2012|1 min read|
  •

    Fuinhaz $SPY afternoon update for August 22, 2012

    About an hour ago I saw the inverted head and shoulder pattern and tweetd about it here is what I said "$SPY let em get your attention, by mentioning this invert. h&s that could be happening here. http://fsc.bz/OZo ." It is always important to watch the levels, and notice when something my go the other

    By |Published On: August 22, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for August 22, 2012

    $SPY slowly making news lows, as we ran out of news, but some with hope that the Fed Minutes that are coming out later today, will serve as a catalyst to support our latest Speedy Gonzales run. The thing that most people tend to forget, or at least cover, is the fact that we haven

    By |Published On: August 22, 2012|1 min read|
  •

    Fuinhaz $SPY read for August 22, 2012

    $SPY opening lower as we may have reached a short term top on the $SPY like I explained yesterday. My August 21st Morning update, was the key to understand why we sold off so hard yesterday as I briefly describe over here. "$SPY opened strong, and kept going until it reached it’s intra-day R3 @

    By |Published On: August 22, 2012|1 min read|
  •

    Fuinhaz $SPY afternoon update for August 21, 2012

    So now the $SPY got literally everyone by surprise and now people are not looking at buying the dips, like the did last week. Even if we bounce from this tomorrow, a lot of retail investors have lost their confidence. Now here is the important note from "Uncle Fuinhaz". When you see the market spiking

    By |Published On: August 21, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for August 21, 2012

    $SPY opened strong, and kept going until it reached it's intra-day R3 @ 143.04 and change. At that same time, $IWM also hit it's R3 @ 82.46, and everything pulled back. Currently the $IWM bounced off on R3, but I don't think it will last too long. In any day of the past 2 weeks,

    By |Published On: August 21, 2012|1 min read|
  •

    Fuinhaz $SPY read for August 21, 2012

    $SPY making a new high for the year, this time as investors continue to speculate on the prospect of the European Central Bank stepping strongly into bond markets. We also have Fed Minutes today, so don't expect anything other than another up day today. $SPY 1st support is 142.14, 2nd support 141.87, and 3rd is

    By |Published On: August 21, 2012|0 min read|
  •

    Fuinhaz $SPY afternoon update for August 20, 2012

    $SPY trying hard to hold 142. It almost feels like we are setting up for a nose dive, as we can't break or even get close to 142.26, and big names are showing some lack of traction. I think that once we start to slide down it will be fast and with a lot of

    By |Published On: August 20, 2012|0 min read|
  •

    Fuinhaz $SPY morning update for August 20, 2012

    $SPY pulled back, and currently holding the 142 level again. Many names I have been watching making new highs lately, finally pulled back. Not sure if selling will continue for now, but it would sure be nice to see it. To be honest, I am now trying to figure out if this will be a

    By |Published On: August 20, 2012|1 min read|