Monday, August 31, 2009
Friday, August 28, 2009
Market thoughts for Aug 28
Today is the day the market breaking out of the current trading range heading toward its next ES target of 1050's
Thursday, August 27, 2009
Wednesday, August 26, 2009
Tuesday, August 25, 2009
Market thoughts for Aug 25
The market is showing more strength than I expected today. Either this is a fake out or ES is heading toward the 1050's area.
Monday, August 24, 2009
Market thoughts for Aug 24
Expecting a small narrow trading range day today. Range for ES today is 1035-1025
Friday, August 21, 2009
Market thoughts for Aug 21
As I stated yesterday, I expect today to take out yesterday's high. I will attempt to take a short between ES 1015-1020's area
Thursday, August 20, 2009
Market thoughts for Aug 20
ES crossed over the 1000's level again today as expected. I think at a minimum ES will retest the 1012-1015's area. Like what swinger has reminded us couple of days ago, all trends (ST, IT, LT) are up until proven otherwise.
Wednesday, August 19, 2009
Tuesday, August 18, 2009
Market thoughts for Aug 18
SPX 980 holds as expected, but the key is the strength of the rally to determine if this is just a pause to go higher or the beginning of the long expected correction
Monday, August 17, 2009
Market thoughts for Aug 17
Don't know if last week was THE TOP, but at a minimum a consolidation similar to the one we saw in June is on its way
Monday, August 10, 2009
Taking the week off
I will be out the rest of the week (Aug 11-14), but feel free to continue to post here and I will try to check in and post my comments whenever I can
Market thoughts for Aug 10
Expecting a quiet flat day today. Breaking ES 990 will be a red flag for me
Friday, August 7, 2009
Thursday, August 6, 2009
Market thoughts for Aug 6
Expecting weakness in the morning and strength toward the close with today's ES range of 991-1005
Wednesday, August 5, 2009
Tuesday, August 4, 2009
Market thoughts for Aug 4
Today I am expecting a small unchange day. Depending on the close today, I may take a position in anticipation of a bigger move tomorrow.
Monday, August 3, 2009
Market thoughts for Aug 3
If you get a chance, please go read an excellent commentary by MACT at Atilla's blog at Xtrends
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