Enlarge any chart by clicking on it.

Unless otherwise specified, ALWAYS use the 15min chart to enter my recommended plays because
CONFIRMATION is a MUST.
In other words, you need to see a 15min candlestick that CLOSES beyond
the entry point, then enter when it moves 10cents after the high/low of that candlestick.

Monday, June 20, 2011

SPX - DAILY & 30-MIN (LOOK FOR A RISE TOMORROW IF IT MOVES ABV 1281)

Look for more rise tomorrow. But keep in mind that if SPX gets to 1286-1288, I will be looking for an intraday setup to SHORT. So it's very likely that if it tomorrow it moves fast to 1288 in the first half of the day, then we could see sideways to down action in the second half that continues into Wednesday.
For now, I expect an UP day tomorrow (if it moves above 1281)and DOWN day on Wednesday.


Thursday, June 16, 2011

SPX & FXE (EURO)------LOOK FOR AN UP DAY TOMORROW.

I'm expecting a good push higher tomorrow. Note that every play at the moment is aggressive till a breakout occurs. I usually don't like making aggressive plays, but at the moment I have no choice. Waiting for conservative entry looks like it's going to take for ever.


Wednesday, June 15, 2011

SPX & FXE (EURO) -----MARKET IS KING.

The mkt is set to move up tomorrow (if it trades above 1269).
The more things change the more they remain the same. You just cannot fight the market. I will just keep dancing to the tune of the market. That means I will keep daytrading even though I like swingtrading better. The past 8 days the mkt has shown that the winners have been the daytraders. Expect that to continue till a breakout occurs.


Tuesday, June 14, 2011