{"id":8237,"date":"2010-11-08T09:17:32","date_gmt":"2010-11-08T14:17:32","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8237"},"modified":"2023-03-30T09:40:05","modified_gmt":"2023-03-30T13:40:05","slug":"morning-thoughts-23","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-23","title":{"rendered":"Morning thoughts for November 8, 2010"},"content":{"rendered":"<p>Good morning traders. Market gapping down to the lower extreme of Friday\u2019s trading range. This market continues acting very resilient, with buyers at every down move. Late last week we finally saw leadership from the financial sector, which broke out from a 2 month trading range. In the next sessions I will be watching this sector for continuation. I wouldn\u2019t be surprised to see rotation from the more extended sectors into financials. If the market is able to hold these prices, and hold above 122.90, I would look for a move to 124 SPY.<\/p>\n<p>Follow me on twitter for real time market updates @JoeP_SMB<\/p>\n<p>124<\/p>\n<p>122.90<\/p>\n<p>122.20 pivot<\/p>\n<p>121.15<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning traders. Market gapping down to the lower extreme of Friday\u2019s trading range. This market continues acting very resilient, with buyers at every down move. Late last week we finally saw leadership from the financial sector, which broke out from a 2 month trading range. In the next sessions I will be watching this sector for continuation. I wouldn\u2019t &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-23\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1394],"tags":[],"class_list":["post-8237","post","type-post","status-publish","format-standard","hentry","category-joe-ps-blog","no-post-thumbnail"],"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 November 8, 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-23\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning thoughts for November 8, 2010 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders. Market gapping down to the lower extreme of Friday\u2019s trading range. This market continues acting very resilient, with buyers at every down move. Late last week we finally saw leadership from the financial sector, which broke out from a 2 month trading range. In the next sessions I will be watching this sector for continuation. I wouldn\u2019t ... 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