Friday, July 10, 2009

Market thoughts for July 10

Estimated ES range today is 870's -888

Thursday, July 9, 2009

Market thoughts for July 9

Everything lined up for an up day today

Estimated ES range today is 893-875

Wednesday, July 8, 2009

Market thoughts for July 8

Expecting an up day today.

ES should rally from 880's to 900's, and TF from 480's to 495's in the next couple of days

Tuesday, July 7, 2009

Market thoughts for July 7

Today look for an early morning weakness and then a strong closed by the end of the day

Ideal reversal levels for the ES is around 884-887's area

Monday, July 6, 2009

Market thoughts for July 6

ES should find support at the 882-885's area, look for a rally back above the 900's area in the next 2 days

Thursday, July 2, 2009

Market thoughts for July 2

Given today's trend day decline, SPX will likely revisit the lower end of the trading range at 880 and can go as low as 860's by mid July before consolidating and make another rally attempt to the 940's-950's area by early Aug.

Wednesday, July 1, 2009

Market thoughts for July 1

Market held important support yesterday and will attempt to break current ST resistance either today or tomorrow on its way to the SPX 950's area as stated in the previous post