Friday, August 6, 2010

Job Numbers

Job numbers worst than expected but the drop in the futures is not much. Just have to see how is plays out. Maybe they want to hit 1150 on the S&P before they really sell- One thing is for sure, unemployment will remain high for an extended period of time.

Job Numbers

Job Numbers in an hour.
I bet we have some excitement today as I will be out, it always happens

Wednesday, August 4, 2010

POT-




Today, POT traded into the 62% Fibonacci retracement from the big move down that started back in March. If we break this level, the next one up is the 78.6% retracement at around 119.

GOOG Resistance



Watch the 50moving average for some resistance on GOOG. Back over $500 but don't think it will go far

No expansion yet

Longer picture of the rangebound- Expansion soon??

Yesterday



Definitely a choppy session Tuesday which leads us into what I think will be an expansion of yesterday inside day. Please note this melt up is on extremely low volume