November 10th, 2009

I don't really know what to make yesterday action. It is a trap for longs or a short squeeze for shorts. In 2 out of 3 trading days the market make closing over 200 points move. Eventually, I believe the market will make 300, 400 and even 500 points move. It usually traded in a closing narrow range in the past months or so. Don't be surprise of a big move in the future.

November 9th, 2009

This is what I expected from Friday to open higher on Monday. SPY had hit my last target at 108.

November 6th, 2009

The market will open down. It means that SPY will gap down below 106.50. Again watch SPY closely about closing the morning gap.

November 5th, 2009

The premarket action is pointing up. It will probably open where its broke down yesterday in the afternoon. It seems like 106.50 is a very resistance for SPY.

November 4th , 2009

Sorry for the delay. I have a big long meeting this morning and I couldn't get out.

The first target of SPY had been hit at 105. 106.5 is next.

November 3rd, 2009

The morning gap down favor the longs. It opened at the almost low as yesterday. It means it had a support there. There are 3 targets for SPY for the upside.

1st target = 105.
2nd target = 106.5
3rd target = 108

November 2nd, 2009

It is slightly up in the premarket. There is no gaps between the current price and 110.30 for SPY.
There are still some gaps to fill below. For a shorter term, if SPY breaks below 102, it can go to 94 to 95 area which is 7 or 8 points from here. If you add 7 or 8 points from 102, SPY is at 109 to 110.
It moves 7 or 8 points trend.