Daily SPY Read

$SPY did a double top @ 141.38. It is very hard to tell people to short here, since apparently every resistance is being taken off. On my scans everything is a strong sell, but I have to be honest that even though the technical analysis is pointing for a top, the market just want to

Markets going for another wacky day. $SPY opening higher and trying to go for another try to break up the 141.38 level. Remember that I wrote on Fuinhaz $SPY read for August 13, 2012, that 141.66 was the bi resistance that we needed to watch. But honestly with all this slow grinding up trend that we

Markets going for another wacky day. $SPY opening higher and trying to go for another try to break up the 141.38 level. Remember that I wrote on Fuinhaz $SPY read for August 13, 2012, that 141.66 was the bi resistance that we needed to watch. But honestly with all this slow grinding up trend that we

It is amazing how equities, indexes are completely disconnected from technical analysis. It is almost scary to watch this price action. Again I will repeat, on a technical analysis stand point, we should be selling hard. It still may happen today specially if we re-test the 140.80 level, but anything can go now. I am

It is amazing how equities, indexes are completely disconnected from technical analysis. It is almost scary to watch this price action. Again I will repeat, on a technical analysis stand point, we should be selling hard. It still may happen today specially if we re-test the 140.80 level, but anything can go now. I am

Equities are moving, but $SPY is pretty much flat. I believe market is just setting itself up for a sudden drop that will catch a lot of people by surprise, just like I mentioned in the morning. I am stay cautious, but with lots of ideas to short. Here is what i am looking at:

Equities are moving, but $SPY is pretty much flat. I believe market is just setting itself up for a sudden drop that will catch a lot of people by surprise, just like I mentioned in the morning. I am stay cautious, but with lots of ideas to short. Here is what i am looking at:

$SPY opening pretty much flat today after yesterday's slide. This morning analysts expected the CPI (Consumer Price Index) to rise 0.2 percent last month. In the 12 months to July the CPI rose 1.4 percent, slowing from June's 1.7 percent rise. The news are always important, but working with the charts do give a better

$SPY opening pretty much flat today after yesterday's slide. This morning analysts expected the CPI (Consumer Price Index) to rise 0.2 percent last month. In the 12 months to July the CPI rose 1.4 percent, slowing from June's 1.7 percent rise. The news are always important, but working with the charts do give a better

$SPy failing to hold the 141 level. So far as I write this, the $SPY just filled the gap from yesterday 140.77. The correct way is for this market to sell a bit. It should not be an extensive correction, just a breather. Hopefully we get under 140.55, and gap down tomorrow. That should be