Thursday, July 26, 2012

7/25 - L-red, S-red

7/25 - support near but not hit yet...might still go lower....in any case, scary for bulls and bears a like...


Wednesday, July 25, 2012

7/24 - L-red, S-red

Market is very near support...in nearly every chart...so intraday bounce or 1 more day of selling before a bounce, but i think it will happen very soon..just wait 1 more day...



Monday, July 23, 2012

7/23 - L-red, S-yellow

Market pulled back strongly and ball is in bear's court...can stop here but i think 1 more day as not on support yet...







Sunday, July 22, 2012

7/20 - L-red, S-yellow

I guess its not a bad time to go short and still a scary times for bulls...but if i was a bear, i would be hesitant to go short as the trend now is up...any short trades are bound to be short imo









Friday, July 20, 2012

7/19 - L-red, S-red

despite a small breakout, i need to say that signs still point to a strong case to pullback here...so i would remain RED, pure RED 












Wednesday, July 18, 2012

7/18 - L-red, S-red

Pushing right up at resistance right now without the strengh in oscillators and small caps thats normally evident in breakouts...if i was trade all my feelings i would exit any longs here and take full profit...but because i don't trade like that, i will just tighten stops here awaiting a possible reversal down












7/17 - L-yellow, S-red

Market is telling me that the bulls have control and many do not believe the rally...this means that i think we will churn higher slowly but surely until overbought and we have believers...but keep an eye out on SPX resistance, that might cause a pullback that might stop u out






Tuesday, July 17, 2012

7/16 - L-yellow, S-red

SPX got a small pullback but i think everything is still sound..nothing broken




Monday, July 16, 2012

7/13 - L-green, S-red

SPX and all  other indexes have hit support and seem to be heading straight up to atleast the prior high...good time here to go long for a several day pop....





Friday, July 13, 2012

7/12 - L-red, S-red

market is very very unsure right now..is it the fed like the media says? i dunno....but with so many unclear signs, i would stay far away








Thursday, July 12, 2012

7/11 - L-red, S-red

Got a good hint that we might bounce here..and in the past, i would get long here...but right now i am going back to basics and waiting...so red, red...still...





Wednesday, July 11, 2012

7/10 - L-red, S-red

Market not finding support yet...can keep falling more but no strong signals that its time to buy now...




Tuesday, July 10, 2012

7/9 - L-red, S-red

Market looking like it is having some possible support here...but not for sure yet...just wait..



Monday, July 9, 2012

7/6 - L-Red, S-red

Is market in a strong trend? no...is it making small moves that can last days but are highly unpredictable? yes...i want to go long here...but i think its safer to just wait...