The Bears
Are The Bears to Scared To Bounce? Just look at the simple chart of the S&P500 (SPY) below. The fact remains that every single dip got bought more aggressively than the last one over the past . After so many slaps to the head do you think the bears might just be a little shy to […]
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, […]
Portfolio Holdings – Dec 9
No changes from yesterday: http://steadytrader.wpengine.com/portfolio-holdings-dec-8/
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…
Bucket 2: New Position
We started a little at the bucket 2 buy wish list and bought an initial position in MMM just now.
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 […]
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 […]
German DAX at solid near-term support
It's just a reference level to watch, but do watch it please:
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
Visa On Verge Of Possible Breakout
Visa Inc. (NYSE:V) the payment processing platform company has traded well so far in 2011 and continues to act well. I have discussed Visa Inc. (NYSE:V) before and it is now again getting close to setting up for a high probability trade. On the weekly chart note the clear uptrend in place since 2009 […]