looking for a breakout

The 20dma has been resistance and the 50 dma has been support as per my past postings. I am looking for a move out of this consolidation we've been in for 2 weeks. It could be up or down. Watch 11200 and 10975 for the direction.

Happy Thanksgiving

Watch for support on the 50dma and resistance at the 20dma this week. Travel safe and have a Happy Thanksgiving.

watching the 20dma

I'm watching the 20dma (1195 on the S&P)this week for support. A close below the 20dma will take it down to old Resistance(now support) at 1175-1180. Resistance comes in at 1213 this week.

under the weather

I am sorry for no updates, I have pneumonia the past few weeks. In the meantime, don't fight the Fed.

peeps r still shorting

I have joined several trading groups in my area, and I hear people saying "this market is going to crash any day. I'm adding to my shorts everyday. There is no logical reason the market should be up. Housing sucks, unemployment sucks, Obama doesn't know what he's doing, Obama care will BK this country, no technical reason we should be rallying, no fundamental reason we should be rallying, any day now we are going to crash big time". I also have noticed most of these shorts/doomsayers are Republicans(G.O.P.). They may win the house back in November, but there getting their ass kicked in the stock market. I just love taking their money. :) Thanks

This week: Don't fight the trend. My best trades have been buying the dips on the daily 8ema. or S pivot

First level of Support is 11,000 and resistance is 11250.