{"id":8387,"date":"2010-11-16T09:42:19","date_gmt":"2010-11-16T14:42:19","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8387"},"modified":"2023-03-30T09:44:09","modified_gmt":"2023-03-30T13:44:09","slug":"morning-thoughts-26","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-26","title":{"rendered":"Morning thoughts for November 16, 2010"},"content":{"rendered":"

Good morning traders, Weak futures have us opening under last week\u2019s lows as the market continues to pull in. \u00a0I 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. \u00a0While there is still not enough evidence to call an intermediate market top we must take note of the change in price action. For today\u2019s trading I will be looking at the 15 minute channel on the SPY we have seen develop over the past 5 days.<\/p>\n

Follow me on Twitter real time for market updates and actionable trade ideas @JoeP_SMB<\/p>\n

SPY<\/p>\n

119.70<\/p>\n

118.65<\/p>\n

117.85<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning traders, Weak futures have us opening under last week\u2019s lows as the market continues to pull in. \u00a0I 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<\/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-8387","post","type-post","status-publish","format-standard","hentry","category-joe-ps-blog","no-post-thumbnail"],"yoast_head":"\nMorning thoughts for November 16, 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-26\" \/>\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 16, 2010 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders, Weak futures have us opening under last week\u2019s lows as the market continues to pull in. \u00a0I have noticed the character of this pullback in the market is different than the ones we have seen in the previous months. 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