3/9/2010: Feels as if we are setting up to test and pivot around the $1133 level on the SPX. If this holds, we are prepared to re-load for a trade back up. A move above $1136 would add conviction to our call once we see $1133 act as support. AMLN and SY are two names that stand out. (9:45am)
March 9, 2010, Posted by ttbm at 9:46 am
Related posts:
- 3/12/2010:A few subtle signs in the tape… As the up vs down volume comes more toward flat, we would expect the SPX to dig in at this level $1146-1150. It feels to us that the short is afraid to put on positions in here. Hence the low volume. Our call is still higher. (2:00 pm)
- 02/22/2010: Feels like the market is setting up for a mid day sell-off. Will look to accumulate on weakness. (12:39pm)
- 02/24/2010: As Big Ben speaks a few things come to mind. Why when all the talk is of inflation, higher rates and a better economy is the bond holding at a key technical level? We still see lower rates in the future. (10:45am)
- 2/18/2010: The market feels like it’s stuck in a trading range SPX 1096-1102. On confirmation, two names we are considering NFLX and CREE (11am)
- 4/12/2010: We are quick on the trigger…We will exit a long. HANS bought at 42.56 on 3/15/10 as we chose to take a small loss .We sold at our stop loss level 41.49. We will be recommending some trading names shortly. (10:47 am).
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