Thursday, September 8, 2011

Higher

Expecting higher out of this pullback.

BINGO

So we hit 1201.50 overnight, actually 1202 and now we are negative 30 minutes into the trading day. Sitting watching the action but I think Obama's upcoming speech has most on the fence.

Wednesday, September 7, 2011

They trying

They trying to hit this 1201.50 today before close??
Let's see

S&P

numbers to watch on the upside- 1201.50, then 1211, then 1230. These are the measured Fibonacci numbers

GOLD

Still hoping this one comes down to the $94/5 area for a long trade. Still got a ways to go.

Nice

Nice move on the upside just little volume. This is the best situation for the market here as we started September as the worst September in 30 years. The bad thing is this is a measured move and it will end after it hits its targets. First target is 1201.50 which is a gap in the S&P then we have 1223. I would love to see the 1230 area for a nice shorting opportunity.

Tuesday, September 6, 2011

Very Interesting

http://www.businessinsider.com/josef-ackermann-euro-banks-speech-frankfurt-2011-9#ixzz1X76elvHS