•

    Fuinhaz $SPY afternoon update for July 23, 2012

    $SPY not being able to stabilize over 135 (135.29 was the safe haven for the bulls). What I am looking right now is the following. If the $SPY can cross 135, and close at or above 135.29, I will consider this to be an amazing effort from the bulls. A close under 134.69 will bring

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

    Fuinhaz $SPY morning update for July 23, 2012

    $SPY needs to reach 134.69, to really take off, but needs to close above 135.29 for bulls to get confident again. I missed some great opportunities in the morning since I wasn't able to be here at the open. Th biggest one was $CAT, but I can't complain and I must find another stock to

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

    Fuinhaz $SPY read for July 23, 2012

    I am sorry for writing this so late. I had a small personal problem this morning. $SPY reacting to what must have been an amazing dinner for the European committee, that again delivered nothing useful in terms of news for the market to work with. The most important fact about the meeting in my opinion

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

    Fuinhaz $SPY afternoon update for July 20, 2012

    $SPY formed an invert head and shoulder pattern on a 3 min. chart. And if it can reach 136.73 can be reached, I can say with confidence that the pattern is confirmed. We are going into this weekend on the hand of the RATS in the European Committee and their personal interest to give us

    By |Published On: July 20, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for July 20, 2012

    $SPY looking very much like it is building an invert head and shoulder pattern. I am patiently waiting to enter longs, and not thinking about shorting anything at all. This is what I am looking for - $AMT long above 70.32 (needs to re-test with this $SPY pull-back). $CAT I really want it @ 81.34,

    By |Published On: July 20, 2012|1 min read|
  •

    Fuinhaz $SPY read for July 20, 2012

    $SPY taking another hit as we slide after reaching the top of the range. Yesterday’s so called rally was directed to the fools. The people who trade these markets everyday, and understand how this market really is supposed to act went short during the day yesterday. I think the best way is to keep this

    By |Published On: July 20, 2012|1 min read|
  •

    Fuinhaz $SPY afternoon update for July 19, 2012

    $SPY trying its best to hold it's gains, but having a lot of trouble to stay above 137.64 level. It looks like it wants to re-test that 138 level again, but something tells me it fails miserably. It doesn't matter how positive this looks, today was a day to play shorts. And the best is

    By |Published On: July 19, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for July 19, 2012

    $SPY moving higher, but I do believe it will give in any time soon. I do think we will sell into the close. We are going up with no real news, so this is a pump and dump kind of day. Here are some ideas. $CAT short under 82.95 $FB short under 28.85 $LULU short

    By |Published On: July 19, 2012|0 min read|
  •

    Fuinhaz $SPY read for July 19, 2012

    $SPY gaping but no real news, signalling for me that we "might" sell off today. The most intriguing factor is the Initial claims for state unemployment benefits increased 34,000 to a seasonally adjusted 386,000. So how can we gap up like that? Also $MS missed their earnings, another good reason that we cannot gap up.

    By |Published On: July 19, 2012|1 min read|
  •

    Fuinhaz $SPY morning update for July 18, 2012

    $SPY above my 3rd target of 137.06, but I personally don't think it can make it over 137.64, and I would actually start looking for some shorts. Specially on names that are getting to R3. Some of these names are: $FIO under 19.13 $PAYX if it fails to go above 33.58 $QGEN under 17.49 $SMH

    By |Published On: July 18, 2012|0 min read|