Morning Thoughts for November 30, 2010

smbcapitalJoe P's blog1 Comment

Good morning traders, morning thoughts today from Adam Grimes at The Macro Report Equities: The US Equities markets opened near support (1,175 S&P Cash), but immediately found a bid and traded up to close near the high of the session. Though, officially, yesterday’s action will stand as downward closes in the major indexes, buyers were truly in control for most … Read More

Morning Thoughts on November 22, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. Market is consolidating late last week’s move off the 117 area in the SPY. The key in the following weeks is going to be if the market makes a lower high and signals the start of a bigger picture correction or makes a new high for the year. In the short term the indexes have a two … Read More