•

    Fuinhaz $SPY read for July 30, 2012

    $SPY opening a little lower from the amazing run it had on Friday. Europe holding it's gains, so I really do believe that this will be a buy the dips kind of day. The $NYMO (McClellan Oscillator) crossed the neutral position, but there is still a lot of room until it gets over bought. In

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

    Fuinhaz $SPY read for July 27, 2012

    $SPY opening higher as we closed above the the 100MA 136.04 yesterday. We will continue to climb since $NYMO (McClellan Oscillator) is still under the neutral position and we have good news. The way I see it, the news coming from Europe is enough for a couple of days or until one of our US

    By |Published On: July 27, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for July 26, 2012

    $SPY wasn't able to really break the 100MA @ 136.04, and is now pulling back hard, like if it wants to close that gap. When we opened today, I was expecting such a move, since a lot of people got sucked in the momentum, but forgot to look at the levels. I still believe that

    By |Published On: July 26, 2012|0 min read|
  •

    Fuinhaz $SPY read for July 26, 2012

    $SPY spiking higher on four factors in my opinion. 1 - There is now a 90 percent chance of Greece leaving the euro zone over the next 12 to 18 months, according to Willem Buiter, chief economist at Citi. 2- European Central Bank President Mario Draghi pledged on Thursday to do whatever was necessary to

    By |Published On: July 26, 2012|2 min read|
  •

    Fuinhaz $SPY afternoon update for July 25, 2012

    $Spiked after hitting the 133.46 level (around 50MA) and bounced above 133.91 (20ma) but right now is not being able to hold the 134.08 level which represents S1 on my chart's pivot level. We have no real catalyst to move us to the upside, The biggest company in the US can't hold itself after missing

    By |Published On: July 25, 2012|2 min read|
  •

    Fuinhaz $SPY morning update for July 25, 2012

    $SPY dropped under 50 MA @ 133.46, bounced back, but not being able to contain all the negativity in the tech stocks that are being lead by $AAPL. In order for the market to bring itself back up, we need to cross 134.08 to look good again. That is today's pivot. A move above 133.83,

    By |Published On: July 25, 2012|1 min read|
  •

    Fuinhaz $SPY read for July 25, 2012

    $SPY recovered well, and closed above 133.46 level (above 50ma). We had some great earnings this morning. And that is helping us stay positive for now. The only thing that is worrying me this morning was $AAPL missing their quarter report. I know that there is nothing better out there yet, but I think that

    By |Published On: July 25, 2012|1 min read|
  •

    Fuinhaz $SPY afternoon update for July 24, 2012

    $SPY fighting to recover and close above the 50MA at 133.46. In order for the bulls to have any good expectation going into tomorrow, we need to close over 133.46. Tomorrow we have new home sales, and crude inventories. If any or both of them come with good numbers, it will help us contain a

    By |Published On: July 24, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for July 24, 2012

    $SPY holding well the 134.16 level, some names have also held well their 1st support, and are now trying to come back. I am still a little skeptical, but following the levels. This market overall from what I can tell is still a short, and i don't get surprised by any names jumping on news

    By |Published On: July 24, 2012|1 min read|
  •

    Fuinhaz $SPY read for July 24, 2012

    $SPY opening lower again as rating agencies pile to continue to terrorize European countries with their downgrade possibility,saying that no country is immune to the economic slowdown. Over here the earnings have been mixed, we have tech giant, and most valuable company in the country $AAPL to report today after the bell. And some people

    By |Published On: July 24, 2012|1 min read|