Market Update

November 21, 2013 4:01 pm / Published in * Trade Alert, Market Update, Nasdaq, SPX
We had a positive day as we predicted early this morning based on the volume of the NYSE and Nasdaq Our macro long trades on SPY and QQQ are looking better. We will see if we can test the 1800 zone in the /ESZ3. The 10 and 30 year notes are still trending. Great trades

Negative day at all time high

November 7, 2013 6:24 pm / Published in Market Update, Nasdaq, SPX
Today the Market Internals told us that higher prices were not likely to follow. We had a large negative candle and all-time high. Is the music still playing? The SP500 had significant selling pressure and stopped at the lows of October 25th. The big question now is to stay long, do nothing / wait or

Market Update

November 7, 2013 10:56 am / Published in ECB, EUR, EUR/USD, GLD, Market Internals, Nasdaq
ECB unexpectedly cut its main benchmark rate by 25 basis points to 0.75%. Euro is falling against the dollar. Gold investors should take note that the reason behind ECB rate cut is fear of deflation. Today the market had an important gap up which we used to sell long term SPY positions. The marke internals

Market Update

October 31, 2013 11:43 am / Published in Nasdaq, QQQ, SPX
Last time we had the FED announcement we were are the highs after that we saw a steady declined of about two week. Could this be a pattern for the following days? NASDAQ the strongest of the three – QQQ position ended profitable. RUT the weekest of the three SP500 is not a long at

NASDAQ and SPY

October 30, 2013 11:50 am / Published in AAPL, Market Internals, Market Update, Nasdaq, QQQ, SPY
The Nasdaq and SP500 are negative for the day after the morning gap. The selling pressure continues, yesterday high did not hold. We will test yesterday low for a inflection point before the FED. The large spike on volume yesterday at the close did not continue today. NASDAQ 100 Heat Map

Market Update

October 25, 2013 8:47 am / Published in Market Internals, Market Update, Nasdaq, SPX
The Market continue with the uptrend and is not falling. It could take the highs of the last two day a test again all-time highs if we continue trading at this levels. We had great news from AAPL and MSFT: Both of them are short and long term plays. We will buy this stocks on