Monthly Archives: December 2011

Resistance Close at Hand

I am not comfortable with the low volume. All of the majors SPY, DIA, QQQ & IWM are at resistance. The SPY and the DIA moved above one line of resistance and are facing another line pretty close to where … Continue reading

Posted in Daily Analysis

Santa Clause Rally or Groundhog Week

The big question this week, will the Santa Clause Rally happen? If we get a rally it is like a predictor of the years outcome. In 2008 the Santa Clause Rally did not happen. The markets went down 7+ % … Continue reading

Posted in Daily Analysis

Santa Clause Rally or NOT???

Here is the set up for the Santa Clause rally on the market. We are bumping our head at the 126.00 level this morning. I do not think we will break it today. If we do then the Santa Clause … Continue reading

Posted in Daily Analysis

SPY 126

I am pretty confidant the SPY is going to the 126 level by Friday. It is up in pre-market to 124.67 currently. The 126.00 level is where diagonal resistance is holding. If the Santa Clause rally s going to play … Continue reading

Posted in Daily Analysis

SPY Bounce to 126.00 ???

Posted in Daily Analysis

Broke the Support DIA & QQQ, SPY and IWM Holding

The Q’s barely broke the 50% support level today which was around 54.50. The Diamonds broke the 23.6% 117.70. SPY and IWM are holding support at the 38.2% fibs. The SPY is approaching the diagonal support line. So I expect … Continue reading

Posted in Daily Analysis

Weekly Snap Shot

I am of the opinion that the market is going to go down before it goes up. Fibonacci is supporting each of the major indices SPY 38.2% 121.00, DIA 23.6% 117.70 , QQQ 50% 54.50 and the IWM is between the 38.2% … Continue reading

Posted in Daily Analysis