$SPY dropped under 50 MA @ 133.46, bounced back, but not being able to contain all the negativity in the tech stocks that are being lead by $AAPL. In order for the market to bring itself back up, we need to cross 134.08 to look...
Read MoreI’ve been somewhat hesitant to pull the trigger on anything, particularly long, once I saw the S&P give up those early morning gains like it was nothing. But not only that, but the fact that since doing so, we just...
Read More$SPY recovered well, and closed above 133.46 level (above 50ma). We had some great earnings this morning. And that is helping us stay positive for now. The only thing that is worrying me this morning was $AAPL missing their...
Read MorePre-market update (updated 8:00am eastern): European markets are trading +0.8% higher. Asian markets traded over -1.0% lower. US futures are mixed due to weak AAPL earnings, but S&P trading higher. Economic reports due out...
Read MoreThe Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: Even Google (GOOG) couldn’t hold up under today’s pressure. Basic Materials/Energy loos horrific. If Tech was bad today,...
Read MoreFurther to my post of July 17th, once again, Oil finds itself testing rising channel support on the Weekly chart below. At the moment, it’s trading in between the 50 sma (red) and the 200 sma (pink) in an attempt to break...
Read More$SPY fighting to recover and close above the 50MA at 133.46. In order for the bulls to have any good expectation going into tomorrow, we need to close over 133.46. Tomorrow we have new home sales, and crude inventories. If any...
Read MoreOnly one new trade for me today, and it happens to be in the stock being featured in today’s Lazy Trade Long.. Nonetheless, the market looks like it is in a state of perpetual selling, which isn’t at all that...
Read More$SPY holding well the 134.16 level, some names have also held well their 1st support, and are now trying to come back. I am still a little skeptical, but following the levels. This market overall from what I can tell is still a...
Read More$SPY opening lower again as rating agencies pile to continue to terrorize European countries with their downgrade possibility,saying that no country is immune to the economic slowdown. Over here the earnings have been mixed, we...
Read More
