November 19th, 2009

Two things to watch out for today. On the downside, watch SPY at 110.50. If SPY breaks 110.50, then it could go down to 109.5 level. On the upside, watch the market how it closes the morning gap.

November 18th, 2009

The market will probably open flat. Yesterday action the market make lower high, but higher low. There are still two gaps to fill below.

November 17th, 2009

Today I am looking for lower high and lower low from yesterday. Also I am looking to fill the morning gap from yesterday.

November 16th, 2009

The market will gap up at the opening. Watch how it closes the morning gap. Also watch how it closes today. If QQQQ closes above 43.80 and SPY closes above 110 area, it might be time to go long.

November 13th, 2009

Today is the Friday 13th.

Sorry for the delay. It is work related that I couldn't post it in the morning.

November 12th, 2009

In order for the market to reverse back down, it is important that it needs to make lower high and lower low from yesterday and it needs to close below yesterday low. I am expecting SPY will hit 108 again this week or next week.

November 11th, 2009

The market will gap up this morning. I will be the first one to say that this gap up will favor the bears in the next 1 to 5 days. This is a sign of topping out.