Bucket 2: New Position

We started a little at the bucket 2 buy wish list and bought an initial position in MMM just now.

Snuggling between two gaps:

Chart of the S&P 500 emini Futures (March)…but this gap is all over other charts like the SPY and SPX as well of course.  Note the large gaps below and above us here…we will eventually fill one soon…

Morning Thoughts Dec 9

Today's announcements out of the EU summit will be key and likely the catalyst for either a year end rally or a stare into the abyss. Importantly but very simply, a break above the 1265-1270 area on the S&P 500 will get us long various stocks from our wish list via Bucket 2: SPY, CAT, […]

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