Wednesday, June 2, 2010
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2010
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06
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- Bull Suit
- Reverse By Close
- Delayed by Bulls
- Short Again
- Dubious Bounce
- World Markets
- Sold Long
- Looking for a Bounce
- Starting to Cover
- When to Get Long?
- Busting 1040
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- Gap and Go
- Consolidating on Low Volume
- Sitting on My Hands
- Potential Pitfalls
- Big Wave
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- Making Investments
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- Heavy Put Activity
- No Strong Support till 1070 SPX = 1066 ES
- Giving Up the Ghost
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- Yuan News = Bull Trap
- Selling Doesn't Wait
- Fed to the Rescue
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- Housing Data
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- The Chinese are Coming!
- Fundamentals Are Bad
- Dull Market
- ES 1116
- Closed Short
- Shorting Here
- A Tired Market
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- Selloff Looks Feeble
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- Tricky Juncture
- Impressive Strength
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- Europe: All About Nothing?
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- Looking Bullish
- Europe Outperformance
- Intraday Reversal
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- Spain Not Greece
- Stealing the Move
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- Today's Close
- Forget Quiet
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- Europe
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- Getting Shorter
- Now Short
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- Bounce to 1067
- 1040 Ahead
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- Nonfarm Preview
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- Going to 1110
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5 comments:
What do you think about getting long offshore drillers like RIG or HOS?
I wouldn't touch any stocks unless we trade near 1040.
That's an interesting opinion. We already tested 1040 recently and bounced off that. If we test it again, it would seem like it's to go even lower. Are you basing your opinion on a similar pattern you experienced in the past?
1040 will provide initial support which won't last long, but good enough for a daytrade. 1020 and 990 are levels that can provide more lasting support.
Are you going to get long if we break 1100 and stay above it?
Otherwise, if that's not happening, I would say we're range bound and going down tomorrow. Back to 1075
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