![Can we get out of this range $SPX 1102 –> 1116? [Chart]](http://redliontrader.com/wp-content/uploads/CanwegetoutofthisrangeSPX11021116Chart_6E50/image_thumb.png)
Good morning. We are nursing a 6 point SPX gap up this morning @ 7:20 am on what is a test the bulls day. Today by the end of the day we should know what this market is made of. Super bulls or situation normal. I will save the market comments for the...
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Good morning. A little sideways action is the way that strong bull markets correct. We are coming into the close of the month midst earnings season which is seasonally strong for the rest of the week. Europe gapped open strongly but was not able to hold the gap and has fallen off since...
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![Market Rockets even higher – 200 DMA has been breached $SPX [chart]](http://redliontrader.com/wp-content/uploads/MarketRocketsevenhigher200DMAhasbeenbrea_6773/image_thumb.png)
Despite the recent chants that the markets are dead we are falling apart and going to 950 or 600 or 90 they have instead rocketed in the upward direction with a dizzying momentum. Those of us who study thrust and breadth are shaking our head. While we could see the turning tides we...
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Good morning. Finally the bulls get a decent follow through day and the bears are starting to worry. The news cycle is beginning to get less Armageddonish.. Earnings continue to come in strong and outlooks not so bleak. Last week the bulls gained quite a bit of respect as the bears lost their heads...
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Good morning. I won’t bore you this morning with my witty post. Yesterday I talked about my whippy trade which I don’t usually do.. How does my past trading help anybody.. What we need to know is how to trade today. After all past performance in not necessarily indicative of future performance. I just...
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Good morning. Helicopter Ben took us for a nice ride yesterday while we were just about neutral and watching the boring charts for a breakout in either direction (i was playing for the upside). On cue at 2pm Ben said some pretty scary things like: being in a period of “unusual uncertainty”. How...
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Good morning. Apple came through big time last night.. Thank you Steve.. and the world did not drop the ball as we spun the globe so we are sitting flat to up getting ready for today’s trading. Not much on the economic news front, mortgage apps should be out by now and Bernanke...
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Good morning. No breaks for the bulls. A little green yesterday from a grind up that was wiped away by overnight action. The dollar hit an overnight low at 82.40 and has rallied up .63 to 83 area and the futures have sold off accordingly. Economic news overnight looked ok. The German PPI...
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6:43Am and we have a nice gap developing. We are post OPEX Monday, a day with terrible seasonals, in the middle of the peak of Q2 earnings seasons with a deteriorating economy that is on a verge of a double dip recession lead by housing and the bulk of the economic news this week...
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Yesterday gave us quite a ride and if you went long at the open you had a little detour before turning green. This morning the banks and GE are reporting. GE had an okay report, above on the bottom line and below on the top line. As of 7:30 we are working on a...
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