News & Trade Review

December 2, 2013 2:58 pm / Published in Market Update, QQQ, SPX, SPY
Stocks Mixed on this First Trading Day of December! U.S. equities opened flat after extending their winning streak last week. Purchasing Managers Index readings (PMIs) around the globe starting in China were fairly upbeat, though global equities couldn’t sustain any momentum to start of December trade. In Asia, Japan’s Nikkei 225 eased 0.04%, while China’s

European Markets & EUR

November 28, 2013 10:05 am / Published in * Trade Alert, EUR, SPX
The markets in Europe are celebrating the holiday as well and all the major indexes are green. The futures of the SP500 traded above all time high reaching 1809 ESZ3 The EUR/USD is trading near to 1.36 recovering from the last 2 weeks sell off.

Market Update

November 25, 2013 12:32 pm / Published in Market Internals, Market Update, SPX
The market open again at all-time high and we saw lower prices the first hour. Now we are trading in a tight range with some resistance at 1808 Gold is down $3.50 at $1,241.10 an ounce. Crude oil is down $0.87 to $93.97 per barrel. The buck is lower. The dollar last traded at $1.3499

SP500 at 1800

November 22, 2013 1:30 pm / Published in SPX, SPY
There is major resistance in 1800 – key psychological level. We will be watching of the level as a reference for future shorts. Monthly chart from summer 2009 to today. SPY went from 60 to 180 – is there room to go higher?

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

Market Update

November 13, 2013 9:27 am / Published in Market Update, SPX
Today the market is opening with a gap down. We had identified oversold levels and large portfolio reallocations from large players. Data shows probabilities of a correction.