Thursday, June 10, 2010

June 10th, 2010

Watch S&P 500 at 1085 and 1090 area. That area is a very strong resistance level.

Also watch for VIX. If VIX closes below 30, then you could expect the market to retrace much higher from here.
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5 comments:

  1. dxoJune 10, 2010 at 12:28 PM

    Yea, was watching that. If the VIX drops below 29, I was going to hedge my short position. Hasn't happened yet.

    ReplyDelete
  2. gcl106June 10, 2010 at 12:30 PM

    Is this rally for real?

    I believe this is a false hope rally.

    Here's why.

    1. It opened higher. I will believe this rally is real if the market opened flat and shot up.
    2. AAPL and GOOG didn't cross the 13 day moving average.
    3. GS is breaking down. GS didn't participate with the rally.

    Of course, anything can happen between now and closing time.

    ReplyDelete
  3. BASJune 10, 2010 at 1:33 PM

    i'm chilling out another day.

    TD Ameritrade has lost feeds 2x this week. Tuesday from 3:10pm on, and today, from like 10:xxam to 12:00pm.

    can't make sense of any chart.

    Just another reason to be sidelined today.

    I know gcl hates TD ;) but this is one of the few times I've had problems. and I like iStockMgr.

    kholstla

    ReplyDelete
  4. gcl106June 10, 2010 at 3:02 PM

    Watch for a possible sell off after 3:00 PM today.

    ReplyDelete
  5. BASJune 10, 2010 at 3:24 PM

    probably not with a $TRIN of .20!!!!

    delyr

    ReplyDelete

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