Morning Thoughts July 23
Last Friday’s reversal gives us reason to be cautious again on the long side. We closed 2/3 of our long position in SPY late Friday at the weak close. Today’s close will be important; a weak close may intensify a sell signal while a moderately strong to strong sign would be further bullish. The S&P 100 […]
Update on Haliburton
Haliburton (HAL) is following through to the upside today after earnings. Upside target near $33 looks good. Stops can be placed near today’s low or higher.
Mid-Day Update
For me this week is over here. its such a heavy summer week…tons of folks absent. on the broker side the desks are like 50% staffed I am taking tomorrow off but did move the stop on SPY bucket 2 long position up to 1360 SPX equivalent tomorrow is options expiration friday…a day i dont […]
Morning Thoughts July 17
Join us this Wednesday at 4pm for the Informational Webinar on our soon to be launched Complementary Personal Trading Advice and Decision Support Service. Sign up here for the webinar; http://www.anymeeting.com/PIID=EF56DA828549 SPX traded in a tight range all day though closed below vwap. Volumes muted at just over 5bln shrs. We bought some SPY […]
Morning Thoughts July 18
Join us in the trading and investment advisory informational webinar today at 4PM ET. Sign up here: http://www.anymeeting.com/PIID=EF56DA828549 Please watch the morning video. We remain long SPY for bucket 2 with an S&P 500 equivalent target near 1386. Stops are at 1345, which was yesterday’s low and the halfway point of Friday’s rally. We think […]
Morning Thoughts July 13
Please watch the morning video for all the details. But please note that we have an important daily candle on the SPX and RUT charts. Yesterday’s hammer candle if confirmed with another ‘up’ day in coming days may setup a swing trade long.
Bucket 2 – New Trade
Just bought some SPY near $135.0 We did this via options but consider it long bucket 2 SPY with an upside target on the S&P 500 at 1386 for now. A stop around 134.70 on SPY
Mid-Day Thoughts
in general we just need to understand that this market is no longer analyzable (if that’s a word) technical analysis doesnt work, fundies dont work, prayer doesnt work so we just wake up each morning and take a few stabs at it and chill after that i had a good dinner with a few other […]
Morning Thoughts June 28
Another good performance yesterday – VWAP held on SPX all day (we tested it more than 5 different occasions, and was a great support) – Overall not much short-covering (Energy saw biggest squeeze) – BETA bought (RTY and SOXX good moves). Volume tepid….5.8b shares – down 3% vs previous day and down 20% vs. 20day. […]
Morning Thoughts June 29
Though ended down, market rallied 1.2% last 1 ½ hours of trading – Volumes ok (improved as we rallied) – up +17% DoD and inline with 10day ave – though we felt heavy most day, BETA big outperformer vs. the indices – Cyclical index was up 25bsp….Look at Russell….ended basically flat. PM rally attributed to […]