Wednesday, March 6, 2013
Monday, March 4, 2013
Friday, March 1, 2013
Interesting Fact
The last four weeks the S&P has ended at 1518,1520,1516 and 1518. We are in a tight coil with not much going on. I believe we break the coil next week and go upward.
Remember tuesday this week all the talking heads calling for a major pullback, personally I don't see it. Hard to buy here but I am not in the camp we retreat yet. I believe we will grind up till April.
Expecting new highs next week, though it will be in weak hands
Remember tuesday this week all the talking heads calling for a major pullback, personally I don't see it. Hard to buy here but I am not in the camp we retreat yet. I believe we will grind up till April.
Expecting new highs next week, though it will be in weak hands
Thursday, February 28, 2013
CELG Update
CELG looks like it it in break out mode- new highs here.
that one was a nice options play- lucky i rolled out of feb into march- Riding them till expiration
that one was a nice options play- lucky i rolled out of feb into march- Riding them till expiration
Tuesday, February 26, 2013
30 point range on S&P Yesterday
An ugly day as the market gaps up, pushes a bit higher, and then gets cracked wide open. Volume came up and breadth was pretty Bearish.
The S&P 500, Dow and Russell now look headed for their respective 50 day moving averages, and the NASDAQ looks headed to the 200 day moving average. My opinion has not changed, I still believe we will try for new highs, but we are in the midst of a correction.
Watch for 1477 on the S&P AS SUPPORT- 50EMA
The S&P 500, Dow and Russell now look headed for their respective 50 day moving averages, and the NASDAQ looks headed to the 200 day moving average. My opinion has not changed, I still believe we will try for new highs, but we are in the midst of a correction.
Watch for 1477 on the S&P AS SUPPORT- 50EMA
Subscribe to:
Posts (Atom)
