Important Multi-Day Level On SPX To Watch

on the S&P 500 futures, 15 minute chart note the key level around 1235 (thats around 1240 on the S&P 500 itself).  we are breaking below it as we speak and there may be some support near 1228 on the S&P 500

Portfolio Holdings November 9

Bucket 2 Symbol Open D Direction Sectors Avg Entry Stop Target 1               WYNN 31-Oct short cons cyc 133.13 141 128 SPY 8-Nov l Index 127.5 124.5 129   Bucket 3 Symbol Open D Direction Sectors Avg Entry Stop Target 1               GDX […]

Morning Thoughts November 9

All it took was the resignation (or at least a pledge to step down) of the Italian Prime Minister Silvio Berlusconi yesterday and stocks rallied hard off their daily lows to close at their highs.  In true risk chasing fashion cyclical stocks like financials and energy stocks led the day higher as fund managers hopped […]

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