{"id":7745,"date":"2010-10-19T09:29:27","date_gmt":"2010-10-19T13:29:27","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=7745"},"modified":"2023-03-30T09:41:38","modified_gmt":"2023-03-30T13:41:38","slug":"morning-thoughts-15","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-15","title":{"rendered":"Morning thoughts for October 19, 2010"},"content":{"rendered":"<p>Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL.\u00a0 In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q\u2019s should lead to 49.50. Breaking 116.72 SPY should lead to 115.5. If you focus on day trading these setups can offer great opportunities as the moves tend to be fast and hard. If you are a swing trader, this is a good point to raise some cash and take some profits.<\/p>\n<p>Follow me on twitter for real time updates @ JoeP_SMB<\/p>\n<p>SPY Levels<\/p>\n<p>118.67<\/p>\n<p>117.26<\/p>\n<p>115.35<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/Q-10192.bmp\"><img decoding=\"async\" class=\"alignleft size-full wp-image-7751\" title=\"Q 1019\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/Q-10192.bmp\" alt=\"\" \/><\/a><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/spy10192.bmp\"><img decoding=\"async\" class=\"alignleft size-full wp-image-7752\" title=\"spy1019\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/10\/spy10192.bmp\" alt=\"\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL.\u00a0 In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q\u2019s should lead to 49.50. Breaking 116.72 &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-15\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":7752,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Morning thoughts for October 19, 2010 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-15\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning thoughts for October 19, 2010 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders. Markets sold off yesterday in the afterhours session on the backs of disappointments from IBM and AAPL.\u00a0 In the near term I am going to be watching the trend lines for both the QQQQ and the SPY as my line in the sand. Breaking and holding under 50.70 in the Q\u2019s should lead to 49.50. Breaking 116.72 ... 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