{"id":8575,"date":"2010-12-01T09:34:33","date_gmt":"2010-12-01T14:34:33","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=8575"},"modified":"2023-03-30T09:46:54","modified_gmt":"2023-03-30T13:46:54","slug":"morning-thoughts-32","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-32","title":{"rendered":"Morning Thoughts for December 1, 2010"},"content":{"rendered":"<p>Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today\u2019s session we have a large gap to the top of the two week range. I am going to be cautious around the top of the range and look for some consolidation give how extended we are in the overnight session. As I have said before I will also be looking at FCX as a market tell.<\/p>\n<p>Follow me on twitter @JoeP_SMB<\/p>\n<p>SPY<\/p>\n<p>121.86<\/p>\n<p>121<\/p>\n<p>120.40<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/SPY-121.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8576 alignleft\" title=\"SPY 121\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/12\/SPY-121.bmp\" alt=\"\" width=\"610\" height=\"487\" \/><\/a><\/p>\n<p>118.50<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today\u2019s session we have a large gap to the top of the two week range. I am going to be cautious &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/morning-thoughts-32\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":290,"featured_media":8576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1394],"tags":[],"class_list":["post-8575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-joe-ps-blog"],"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 December 1, 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-32\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morning Thoughts for December 1, 2010 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Good morning traders. Simply put, the market is in a range between SPY 120.40 and SPY 118.50. A break and hold above (or under) these prices will get me in the market looking for follow through. In regards with today\u2019s session we have a large gap to the top of the two week range. I am going to be cautious ... 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