Quick Market Take

sspencerSteven Spencer (Steve's) Blogs2 Comments

The past week or so I have begun to feel a bit uneasy about the market action.  It hasn’t been as crazy as the action that we saw in late January that led to pretty vicious two week  sell off but it has definitely caught my attention.  The failed breakout of the 115 SPY level has me on full alert … Read More

Morning Thoughts on September 29, 2010

Joe PalauGeneral CommentsLeave a Comment

Good morning traders. SPYs took an early morning dip as the tech leaders saw some rest and pulled back/ consolidated. Its impressive to see how resilient the market is. Lower prices bring in aggressive buyers, something that is very important to the health of the rally. In terms of the SPYs chart the longer we spend above 113.20 the higher … Read More