Market still bullish but at good area to reverse in VIX and SPX....very unsure
Savy, young traders putting everything on the line for a piece of the big pie...
Monday, January 14, 2013
Friday, January 11, 2013
1/10 - LRSR - 70% resistance bounce lower
when i first saw that we made another up day, i thought we were above all resistance in spx and going higher until i redrew the line to a more specific level and it shows that we are still at resistance...coupled with a few other charts, i think we will hold here...and maybe surprise many to the downside
Thursday, January 10, 2013
1/9 - LRSR - 80% resistance holds
VIX and weekly spx showing us that this spot is still ripe to go lower before higher...but market weird so that might not happen..but i am still more confident of us hitting resistance and lower than breaking it to the upside
Wednesday, January 9, 2013
1/8 - LRSR - 50% pullback more
Market still overbought so i think we should go lower but since so many charts have not went down much and some have went to good support levels, i think the likelihood of a good pullback is slimmer now as ppl are so anxious to move us higher...
Tuesday, January 8, 2013
Monday, January 7, 2013
Friday, January 4, 2013
1/3 - LYSR - nothing changes
Market stalled...nothing has changed...no charts moved much other than i guess the dollar vs euro (upside), but that isn't important now i think
Wednesday, January 2, 2013
12/31 - LRSR - big gain threw off my view
SPX feels like it should go lower but after this huge gain, i am unsure now...and individual sectors looks good bullishly here too...makes me wonder where we go next...have to admit that NYE action threw me for a loop
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