Morning thoughts for November 16, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders, Weak futures have us opening under last week’s lows as the market continues to pull in.  I have noticed the character of this pullback in the market is different than the ones we have seen in the previous months. Rallies are now sold aggressively as opposed to previous market pullbacks where we saw aggressive buying on dips. … Read More

Morning thoughts for November 15, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. SPY trading slightly up indicates we will open about .3% higher. Over the past few sessions the market has pulled in to its rising trendline. As of now the pullback is constructive in nature. Even if this were a medium term top in the market expect the bulls to put up a big fight. Trading over 121 … Read More