Monday, September 21, 2009
September 21th, 2009
Good morning all. I will have an early meeting first thing on my job. So I will make the first post for today. As I write this the premarket action is pointing down. There will be a gap down in the morning. Last week I stated that if the market opens 30 to 80 range down or up, it will try to close the morning gap. Unless the action for the first 30 minutes if the market quickly fall over 100 points, then it will close over 100 points. If it ever close the morning gap and reverses back down, good sign for the bears. But if it goes higher after the gap is closed and close positively, the market is still have legs to go higher. This will be very bullish.
Friday, September 18, 2009
Thursday, September 17, 2009
September 17th, 2009
Sorry for the late post. Can the market go higher? For the next few days, I am expecting the market to go higher and hit a climax soon. Tomorrow it is option expiration date. It can get little weird in trading.
Wednesday, September 16, 2009
September 16th, 2009
The premarket action is slightly up. It will probably gap up this morning. Could this be the blow off top for the bulls? In order to convince the end of the uptrend, we need the market to close in negative and at the yesterday low. Just be careful. It will try to close the morning gap and it could bounce off from there and go higher.
Tuesday, September 15, 2009
September 15th, 2009
The premarket action is slightly up. Yesterday action gain was a washout on Friday loss. Watchout for S&P 500 at 1050 level. It seems like the market is ready to go higher. In back of my mind I believe it could be a false breakout.
Monday, September 14, 2009
September 14th, 2009
Good morning all, as I write this post earlier than usual, the premarket action is pointing down.
Watch for the first 30 minutes action. If the market quickly fall below more than 100 points within that timeframe, it could close more than 100 points down today. If it doesn't, it will try to close the morning gap during the day. I am expecting some kind of pullback this week. Our targets for SPY is 101.25 and QQQQ is 39.95.
Watch for the first 30 minutes action. If the market quickly fall below more than 100 points within that timeframe, it could close more than 100 points down today. If it doesn't, it will try to close the morning gap during the day. I am expecting some kind of pullback this week. Our targets for SPY is 101.25 and QQQQ is 39.95.
Friday, September 11, 2009
September 11, 2009
I am looking for some sign of reversal today. Also I am still looking for SPY to hit 101.25 and QQQQ to hit 39.95.
Subscribe to:
Posts (Atom)