Market summary

Buyers regained some control today after yesterdays expected pullback. SPY now sits right below 50dma and this looks like is the battle zone now. Market is sending mixed messages and I am still trading this market from the long side on individual merit of each stock.
Materials were weak today while semis and tech was leading sector.
Will post my watch list for tomorrow on twiiter.
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Market summary

Markets had another mixed day today with SPY and Russell closing green while Nasdaq100 closing red. We gapped open higher today in SPY but then kept on selling and never breached the opening highs. SPY is struggling with its 50dma if SPY can continue to consolidate while having small down days the overbought conditions may be worked out as I suggested in Fridays post. Tech and Oild lagged today while financials/retailers had a positive day today. Noticeable strength was witneesed in genreic drug makers today which could have few updays going fwd , most probably on Obama's healthcare plan.

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Market Summary

SPY had another positive day today. Initial morning sell off on fed announcement was bought with fervor and very soon we climbed above yesterdays high. But todays high lacked participation as evident by AD line. I think we are in overbought territory now with divergences in AD line and we may witness some pullback for a day or two. We are right at 50dma and we may need to work off these overbought conditions either thru time or thru price. Volume was not huge even when today was options expiry. Transports were higher while FXI and Tech were weak.


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Market summary

We broke out of the range today and closed way above 108 on SPY, although volume was light.
I had mentioned that bulls had shown very encouraging action on friday and today we gapped higher and kept on chugging higher. Rally was broad based with ,most beaten down sectors like Steel and materials were the top gainers. Indexes are positively above 20dma while Russell is above 50 dma, some backing and filling while holding 108 on SPY could be a supporive actions over next few days. Lots of stock also hit 52wk high today so over all a positive action just on low volume.
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Market summary

Extreme resiliency and strong performance by bulls today. Being down almost 16 points in morning SPY came to unchange by close was a good show. As suggested yesterday I was expecting this sell off today because we were on the top end of the range yesterday and we still sit there. Unless we close above 1080.25 I would treat it as a range bound trade bounded between 1080 and 1040.
Commodities were laggard today after china news this morning while semis were positive. I bought FMBI tday at 13 as suggested this morning on twitter but forgot to tweet the actual buy.
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Market summary

Market had a good rally today and now sitting up on the top end of the range of last 4 days. It tried to break thru the range this afternoon but couldnt close above it. A close above this range tomorrow could setup for some recovery of the markets a failure here will take us towards lower end of range. Decidedly weaker was euro and financials so I am not expecting too much of rally in short term here. The two watch list ideas HBAN, NDN I tweetd this morning worked very well today and may continue tomorrow.
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Market summary

We had another doji day in SPY today after yesterdays doji day. Doji means indecision and market is trying to find its next direction. Some positive divergenhold ces are starting to appear though in markets. Financials are starting to outperform a little. Fridays reversal is a crucial one and that low needs to hold on closing basis so that markets can start to regain its footing.
There is saying 'when in doubt stay out'. Thats probably true for next few days till markets makeup its mind, and may be small size with thight stops is the way forward or total in cash position is also a good option.

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