Short again

930.50 S&P

Thoughts

Well folks we are getting our usual earnings run here. Most of you know we get this ever quarter but this time we got an early boosting from the GS earnings. From here I do except us to get the final push up, I have been talking about to fulfill the pattern on the charts.
Very important to note we have two gaps left below on the ES Futures at 914 and 910, which I expect to get filled before we go much higher (reason I was ok with my short play yesterday evening).
The model for today should be for consolidation so I do not expect too much action.


MARKETJEDI

Interesting read

http://finance.yahoo.com/news/Nine-Reasons-the-Economy-is-usnews-1021116601.html?x=0&.v=1

Closing trade

Closing this ES trade here in the overnight session +2 right here, since I am 3 times normal size on it.
Bingo!!

Double short here

poked short again @ 29.50. Holding these
average 924.50.

Do not try this at home if you not experienced.
Remember 954 is still heavy resistance above. Might be too early on this but will surely hedge if it gets away

Technicals

We have just touched the weekly 50SMA on the S&P, something we haven't done since dec 2007.

Stay tuned.

Average short

Average short 919.50 here