Reflection

Daily Reflection: 07.19

Looking for a move on the S&P to 1051. The line in the sand for tomorrow, bullish above Monday’s highs on the S&P, bearish below, hence we will use a break ABOVE Monday’s high to cover shorts, and a break BELOW Monday’s low to cover any longs.

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Daily Reflection: 07.12

Welcome back. Last week posted the biggest gain in the markets this year. Volume however was extremely light. We are getting in to earnings season with Alcoa (AA) kicking things off tonight after the bell. Things could get choppy as we tend to gap at the open throughout big earnings announcements like GOOG, MSFT, CSCO, etc. Keep your eyes peeled.

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Daily Reflection: 06.29

Pump the breaks, looks like the market gave us the fake out. From a technical perspective signs were pointing to a bounce, however today’s price action put things back in check. Suddenly that 995 S&P Target doesn’t seem so far away. A few weeks back we talked about getting short at 1127; our target is the $995. We also talked about the importance of hedging. When the market is up, you must think about downside risk, and when the market…

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Daily Reflection: 06.28

For what appears to be a choppy chart at the end of the day, intraday trading has been quite technical. Took profits on GLD this morning however, we still thing it will be moving higher. Once again we will pick up calls near the lows of the trend line. The Put/Call ratio is showing a move to the upside is near. The move down has begun to slow and round out. We are expecting to close the week positive across…

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