3/8/2010: The odds are favoring we see the SPX fade ($1135) before attempting another run. We think the firmness in MA and V are a signal we will be right. (10:30am)
March 8, 2010, Posted by ttbm at 10:32 am
Related posts:
- 02/19/2010:Obviously SPX firmer than most were expecting. $1105 (SPX), back down to $1096. Choppy over next few trading days. Then another low-pole (reversal back), only after they lull you to sleep. (10:30am)
- 5/12/2010: Our feel in here is that we aren’t done to the upside just yet. Old leaders such as NFLX- BIDU are well bid for here. The chasing (trapping) continues. We are buyers on the next intra-day fade. (10:29 am).
- 3/22/2010: How quickly Psychology can shift…Fear in the morning and now a rally. We feel we’ll have trouble sustaining this up move and would look for a fade in prices after lunch. Our feeling is $SPX 1157. (12:03 pm)
- Another Buy signal 02/09/2010
- 3/2/2010: As the market trades close to a break-out level SPX 1120, we feel the market still needs more time before we work higher. When we see names like BIDU, MA, V AND GS lagging, it would not surprise us to see the tape fade soon. (10:45 am)
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