BINGO

officially +40 point on the S&P since friday's buy.
Sometimes you just have to take the opposite side of these tv talk heads even without a setup.

Proves they are always late or wrong!

BINGO!!

WOW- market moving up nicely from my 1345-50 zone- Premarket we are at 1372 with resistanace @1376.
I will be taking 1/2 off within the first hour for a whopping approximately 28 points.

BINGO!

GONZO

First trade after a week off and BINGO - rock and rolling + 13 points on the S&P.
If we close above 1360.50 that would be very positive!!

Days Off- Buying here

Took a couple days off but wow the market crashed and burnt-
Today is options expiration and today is a no trade day for me but I am legging into some SPY calls and Futures at the 1345-1350 level for a medium term hold.

Weak day

Though this is a weak day as long as we close above 1410 the structure should still be ok to go higher- BUT is we close lower than 1410 that would look extremely damaging and would mean we would visit sub 1400 next week. The number I am looking at is around 1392 for next week if that scenario happens.

Up Up and Away

As noted yesterday while they are claiming all doom and gloom my bias here is to the upside. Who knows last week dip below 1400 on the S&P could have been the buy into years end but we will have to see.
Look for some resistance at 1425 on the S&P if we can get there today.

Sandy

After two days of closure the markets are now open. It will be a couple of days before the market players get back anywhere near 90% as New York is running on a skeleton crew now. Also with the elections next week I expect the markets to just chop around.
Though lots of folks think the market is due for a significant pullback I believe they are jumping the gun and we go higher after election and Sandy recovery