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

Morning Thoughts for November 10, 2010

smbcapitalJoe P's blogLeave a Comment

Good morning traders. Today’s comments are from Adam Grimes at The Macro Report. Two days ago, we wrote: “Be aware that [global equity] markets are somewhat to extremely overbought, and though this makes them vulnerable to potentially sharp corrections, these corrections should be viewed as opportunities to add to longs. “ We believe that yesterday’s rather sharp selloff was probably … Read More