Posts Tagged ‘drv’
SPX Closed Within .40 To The Number
Well yesterday I said I was looking for the SPX to hit 1073-1074 based on the previous day’s trading action. SPX closed at 1073.69. The actual number on the low end was 1073.65 so technically .04, but I didn’t post that number, so lets stick with the 1 point range for a minute. SPX closed …
If We Break 1040 On SPX This Is Where We Are Going
All yellow marks occur when price is above the resistance/support line of around the 1040 level. If 1040 breaks, I have to look at where the next yellow marks are. The next two that show up looking backwards are two at the 982-979 area. The yellow marks represent price congestion/inflection points. If the market breaks …
Don’t Trade When You’re Sick
First the good. Since my last post last Thursday, “Beware of the Long” the 2x funds have gained nearly 15% in the $RUT and not exactly sure what for the $NDX but probably in the neighborhood of 9%. I kept my index funds short, I was contemplating between cutting them 100% to cash or just …
Posted by StockRake on June 3, 2010 in Market Comments
I Am Early
I talked about looking for the this kind of bounce on May 23rd. With the futures up overnight it looks the market might string together a 2 day run. Will this be enough of a move? I don’t think so. I think this whole week might be in the books as being an up week. …
Don’t Overthink It
When I say don’t overthink it, I’m talking to myself. That is what I did on Friday heading into today. I gamed the system. Not a good idea to do so. Held that bouncing bias all day until the market tanked at the close. So even though putting on shorts at the close would appear …
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