Wednesday, December 9, 2009

March contracts

Remember those who trade Dec contracts should change over to March by end of week

downside

Downside number I am looking at for some support is 1080/1. I still believe we will mismatch till the first week of January with a slight bias to the downside into Christmas

Tuesday, December 8, 2009

Wedging

We are so forming a wedge on this higher band. That is a sign of struggling of the last trend, so do we get a meaning full pullback here? Maybe remember also the 50% retracement is around 1024-26 area.
Again is bears need to get us below 1084 to really make there stand

Monday, December 7, 2009

Monday

First Monday we have struggled to be in the green in a long time. I do have a cycle peak around here so that could have given credence to the lackluster day. Also remember we are going into the seasonal time of the year. Traders seem to have taken off the rest of the year since October when most managed to get back in the green from horrible start to the year. That's the main reason why volume has been extremely low since September, no one wants to gamble and most are just holding out to close the year positive. Might prove to be a worthwhile move.

Treasury Bonds

Looks like it is safe to poke short here @120

Dell

Dell looks to be breaking down- Long term this is one to watch for lower prices

Computer fixed

System is back up and running. I just need to call my software providers today to reactivate my program and I am good-
I will see if I can get them up completely before the first hour of the market open.

Will be back later