$Consumer Staples & $Telecommunications are improving

July 2, 2015 3:47 pm / Published in SPX, SPY
Looking for long plays is $Consumer Staples & Telecommunications are improving. If the market does not fall there is a momentum to make new high    

$SPX 2056 – Double Bottom

June 30, 2015 1:06 pm / Published in SPX, SPY
Tested yesterday’s low and news bears did not appear.  This is positive for bulls. I am not hedging yet.

-2% Today $SPX and $Europe update

June 29, 2015 8:12 pm / Published in ECB, Europe, FED, Germany, Hedge, Market Update, Nasdaq, Nasdaq and NYSE, SP500, SPX, SPY, Unemployment
Here are the update from today: Greece will not pay IMF on Tuesday: Govt official All 10 S&P sectors in the red; deepen losses in afternoon CBOE Volatility index .VIX spikes. Went short volatility Jan 2016. Euro STOXX 50 index – biggest one-day fall since 2011. Tens of thousands rally against bailout ahead of referendum

$SPX – Second day Down 1.32% from Monday’s high

June 25, 2015 7:03 pm / Published in Greece, Nasdaq, SP500, SPX, SPY, USA, VIX
Based on my algos there is a 78% chance we trade to 2090 with in the next 3 business days. Thus there is room for another -1% trading day in SPX. On the other hand Nasdaq is stronger and Russell 2000 won’t perform better than SPX on the down day. $VIX is back to the

Balance day so far on $SPX

June 23, 2015 11:26 am / Published in SP500, SPX, SPY, VIX
As mention on the weekend video $RUT is stronger than $SPX marking a new high again.  The $SPX is experiencing a balance day and the high from yesterday still valid  2122.5 is the next target to exit the rest of the long trade on the $SPX or SPY. Greece still on top of mind moving

Rejection of lower lows $SPX and Higher $VIX

April 14, 2015 9:11 pm / Published in SPX, SPY, VXX
The $SPX rejected lower lows and in extended hours we are trading higher. The Dow and S&P 500 advanced, boosted by energy shares, while the Nasdaq ended lower. Lower-than-expected U.S. retail sales data dragged the dollar and Treasury yields down, adding to bets the Fed was unlikely to increase interest rates in June. Crude rose