Weekend Review: July 20 – 26, 2009

The SPY finally traded above that 95 level this week.  In fact, it traded above that level for most of the week.  With earnings surprises to the upside from most S&P companies, it’s understandable as to why.  Even in the face of tech heavy weights MSFT and AMZN selling off on initial earnings results, we managed to hold a bid … Read More

STJ Earnings Play: Great Shorting Opportunity

One of my absolute favorite plays is a stock that breaks down, comes back up to a great short price where a battle ensues and then breaks to the lows again.  Today, STJ presented that opportunity.  It had caught my eye in the morning because I generally like the way it trades on earnings, but when I typed it up … Read More

Weekend Review: July 13 – 19, 2009

We were there.  On the edge of cracking the 88 level on the SPY Monday morning, when we had a strong rally to begin the week.  Then Intel reported to put some fire into this move.  We closed the week slightly below 94.50, which puts us within striking distance of our 6 month highs at 95.50.  We’ll see how that … Read More

Weekend Review: July 6-July 12, 2009

A very bearish tone in the market this week, as the SPY has been trading around the ever so important 88 level.  Wednesday morning looked as if the market was ready to crack, but we rallied into the close as the bulls came in to provide some support.  With negative reactions to all economic numbers as a whole, we will … Read More

The Week That Was: June 28 – July 5, 2009

Short week as Americans prepared to celebrate the Fourth of July.  I caught some nice sun and relaxed; hope you were all able to do the same.  We had some light volume until the non-farm payrolls number on Thursday, trading lower over the course of the rest of the day and closing near the lows.  Overall, not exactly how the … Read More

The Week That Was: June 15 – 21, 2009

The SPY was finally a little weaker this week, as the range moved down slightly, starting the week at 94, moving down to 91, and closing at 92. This coming week, the levels I will look at are 93 as resistance, and 90 as support. Some of this week’s links: An interesting look at the possible moves the Fed will … Read More

The Week That Was: June 8 – 15, 2009

Action in the SPY this week was pretty tight.  The lowest we traded was 93, and never really traded above 96, failing at the same spot we failed last Friday in the pre-market.  The range has really tightened over the last 2 weeks.  We were not able to close above 95 on the SPY until Friday, when we climbed above … Read More

The Week That Was: June 1 – 7, 2009

The SPY traded in a pretty tight range this week, not trading much below 93 or above 95.50.  Again, we were looking for that catalyst to push us one way or the other, and I thought we were going to get it Friday morning with the much better than expected non-farm payroll number.  We’ll see this week if Friday’s weakness … Read More