Tomorrow’s Plan: Resumed Monday Today’s Trades: If these dots seem a bit confusing, let me break it down. Bought lows, sold at 49 just before the number. Then shorted right before the number because I saw a good price, and somehow I forgot the number was coming out within 30 seconds(I was really focused on [...]

Tomorrow’s Plan: What a day! Stats were very bullish with a 2,200 AD reading and higher volume. The market pretty much closed right at the highs as well. If this were not Thursday before a holiday weekend, and the first of the month, I would say an MATD tomorrow is a given. Lots of traders [...]

Tomorrow’s Plan: Like Erik said today, it’s pretty amazing how often the market has come down to the 1039.80ish (SPX) level and bounced. Not a wussy bounce either, but really taken off after hitting it. If you look at the intraday charts, the SPX has formed what looks a bit like a head and shoulders [...]

Tomorrow’s Plan: When you get low volume days like today, its tough to discern future movement from the action because the market becomes so easy to move around. The stats for the day were pretty bearish, and the expected follow through from Friday’s action fell flat on its face. Consumer Confidence comes out tomorrow if [...]