News & SPX

December 6, 2013 1:09 pm / Published in Market Update, SPX, SPY
Stocks Higher on December Job Report! Stocks opened sharply higher thanks to the better than expected monthly nonfarm payrolls report. The jobs report was the best since November 2008, with headline unemployment of 7.0%, although the work participation rate is near its lows. The Reuters/University of Michigan consumer sentiment index for December beat expectations with

SP500 and VXX

December 3, 2013 11:42 am / Published in * Trade Alert, Market Update, SPX, SPY, VIX, VXX
The SP500 is trading below 1800 and currently is testing today’s lows. The next stop could be the 20 days SMA which is about 10 points away. If we see such correction it would be about 1.7% from the highs of 1810+. The VXX is trading higher last 5 days and we expect to see

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

Long SPY and QQQ

November 29, 2013 11:17 am / Published in * Trade Alert, QQQ, SPY
Long SPY and QQQ Buy to open SPY and QQQ at current market prices: looking for 1% gain. Target QQQ: 86.65 Target SPY: 183.5

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?

Trade Alert QQQ & SPY

November 19, 2013 11:33 am / Published in * Trade Alert, QQQ, SPY
We are entering a long trade on SPY and QQQ looking for a 1% gain. Buy to Open QQQ @ 83.2 Target: 84 Buy to Open SPY 179.4 Target: 181.2 No stops at the moment.