$SPY holding well the 142 level. The names I mentioned to have popped and giving some back, came all back to intra-day break out level, showing that this may not be the end of all this run. Still, I need to see 142.21 breached...
Read MoreI haven’t done anything of note yet today in terms of adding or subtracting from my portfolio. I did come oh-so close to getting stopped out of ARUN – but before I could stop myself out, it bounced quite nicely. So...
Read More$SPY trying it’s best to stay above 142. It did hit at the open above the 142.21 level. Today is options expiration, so there is a sense of a possibility for us to continue to run, and a weekend in front of us in which no...
Read More$SPY opening flat, but with a very likely possibility to continue it’s bonanza run to new highs since nothing in the technical analysis means absolutely nothing. Bad data is completely ignored, and I have seen the market...
Read MorePre-market update (updated 8:30am eastern): European markets are trading 0.3% higher. Asian markets traded 0.8% higher. US futures are mixed ahead of the opening bell. Economic reports due out (all times are eastern): Consumer...
Read MoreThe Chart of the Day… Quick Glance at the Market Heat Map and Industries Notables: The market strength came out of nowhere. Utilities and Wal-Mart simply stunk. Basic Materials and Technology were all the rage. Read...
Read MoreWhat a day this have been so far. In a matter of 15 days, the $SPY just putted some ear plugs and sky rocked a few cents from the 52 week high 142.21. My question is how much higher can it get until a decent pull-back, if we...
Read MoreYesterday I posted my long watch-list that is real-time in our SharePlanner Pro Trading Platform (Free Preview if you’re interested). On that long-watch-list I showed McDonald’s still on there despite a crazy head...
Read MoreI’m a bit bummed out that I didn’t get in on the Ball Corp (BLL) breakout today. But I am quite happy about the chance that was presented to me with Redhat (RHT). I actually traded RHT earlier this month in the...
Read More$SPY did a double top @ 141.38. It is very hard to tell people to short here, since apparently every resistance is being taken off. On my scans everything is a strong sell, but I have to be honest that even though the technical...
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