3/27/2011 Stock Market Review
Here you guys. Constructive week overall. Saw 2.7% gain in the sp-500 . A 3.67% gain in the Russell 2000 . A 3.76% gain in the Nasdaq. Nice action for sure.
iwm
3/20/2011 stock market review
evening folks. Nice day in the markets thursday and friday while i was gone. At this point when market has broken key levels of support you have to assume the market is guilty till proven innocent. So any bounces toward 1300/ 50dma i will assume are reflex/relief bounces. Often a breakdown of key support after …
3/13/2011 Stock Market Review
Hey folks. interesting week in the stock market. That consolidation pattern that we had been watching for quite some time finally broke through the downside. We saw some definite signs of distribution. We did have a nice snapper on Friday. Watching for follow through on Monday. If we dont get it then we will have …
3/9/2011 gameplan
Morning folks futures looking flat today. Uso gapping up .6%. Gld up .46% so far. Remember the markets are trading inversely to oil at times so if we see a spike in oil it makes it hard to add non oil related breakouts as the sell pressure is to strong. we dont have much in …
3/8/2011 gameplan
Morning folks. Interesting days these days. If u havent noticed the market seems to pop in the morning then fade the rest of the day. Then usually end of day we get a slight bounce. Seems all the action is in the first hour of trading (for me in my career 75% of all my …
3/3/2011 gameplan
Not much has changed in the stock market. all indexes are making similiar patterns. We continue to be at the whims of oil prices. Futures today are looking better as oil is dipping down about 1%. Dont be surprised to see a gap up then fade the rest of the day as that has been …