1 354 On any significant gap up (like today), first hour low MUST be broken in order to minimize risk of a reversal...$SPX 1st hr high @ 1072 Tue Feb 09 16:38:50 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8861302311 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX From Bespoke: $SPX trading @ 3 std. dev. from 50-DMA...most oversold since bull mkt. began. http://tweetphoto.com/10782185 Mon Feb 08 14:55:28 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8811799887 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Can we close above 1070 on $SPX? Fri Feb 05 20:33:49 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8692285526 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX A combination of better than expected earnings and the recent market decline has pushed the trailing P/E on $SPX to 18 from 25 @ end of 2009 Fri Feb 05 15:01:45 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8680190596 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $SPX: I believe we are no more than a week away from an intermediate term bottom: downside target @ 1040, upside target @ 1200. Fri Feb 05 14:47:48 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8679664738 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Watch out for a possible trend day if 1st hour low (@ 1073.80 on $SPX) is broken...if so, potential target @ 1050. Thu Feb 04 15:38:02 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8636461872 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX After a brief spell, the 50-DMA on $SPX has turned positive again...must overcome s.t. overbought condition to increase prob. of a bottom. Wed Feb 03 14:58:02 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8590421712 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Today is key: after two days of +1%, $SPX is now s.t. overbought...if a bottom was put, then mkt. should not fall today. Wed Feb 03 14:41:01 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8589807908 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX @InEgoVeritas Still think $SPX can rally to 1200 in the next couple of months before another corrective phase kicks in during the summer. Tue Feb 02 15:41:06 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8546754556 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX For the first time since the March '09 bottom, the 50-DMA on $SPX has begun to move down. Tue Feb 02 15:29:25 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8546321091 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $SPX needs to retake 1090 on a closing basis to improve chance that a s.t. bottom has been put in place. Mon Feb 01 17:44:05 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8507075547 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Trying my luck here with $QLD, but if $SPX closes below 1078 (which it currently is) I'll dump it at a loss. Fri Jan 29 20:28:05 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8382625073 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> QLD SPX A close below 1078 on $SPX will put the next target at 1030-1040; I still think this a typical correction within a cyclical bull NOT its end Fri Jan 29 16:50:23 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8374861503 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $Nasdaq ($QLD) were not able to sustain a break of the early morning high...here we go... Fri Jan 29 15:56:14 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8372760242 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> QLD $SPX just took out first hour high...chance a reversal has decreased...waiting for $Nasdaq to do the same. Fri Jan 29 15:27:18 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8371640560 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX If we don't rally soon, an important change in market character is in place, and $SPX could move down to 1020-1040 level. Wed Jan 27 14:46:22 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8281424605 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX OK, so $SPX is very oversold, near important support, and with most short-term sentiment indicators flashing green light...we SHOULD rally. Wed Jan 27 14:43:40 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8281329121 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $SPX: A gap-up and a subsequent drop below Friday's low would indicate further weakness and a potential first target @ 1070. Mon Jan 25 15:24:05 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8195314221 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $SPX is back to mid-October levels...that was quick...!!! Fri Jan 22 20:27:06 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8083120764 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Taking a stab here...bought some $QLD @ 56.05. Fri Jan 22 20:04:40 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8082429413 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> QLD $SPX: A close above yesterday's low should set up a rally towards lower band of January's trading range @ 1130. Fri Jan 22 16:25:50 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8075117822 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Buying $SPX when $VIX was 20% above its 10-DMA AND $SPX was above its 200-DMA resulted in s.t. (3 days) gains 84% of the time. Fri Jan 22 16:18:35 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8074852835 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX VIX $SPX has erased all YTD gains on the last two days. Thu Jan 21 16:55:10 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8033632335 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $SPX has broken low end of trading range (@ 1130); next obvious support @ 50 DMA (1115), then strongest support @ 1110-1090. Thu Jan 21 15:39:30 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 8031095032 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Back on a trading range? $SPX Top @ 1150, Bottom @ 1130; BTW, 1st hr low @ 1133. Wed Jan 20 15:32:49 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 7989230537 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Watching 1st hour low on $SPX; if broken after 10:30 am, then probability of a reversal decreases significantly. Wed Jan 20 14:46:52 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 7987704346 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX High-Yld bond, $HYG, is less than 3% below its pre-Lehman level; I still think $SPX will follow. Thu Jan 14 18:09:43 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 7756180413 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> HYG SPX Still think there is a good chance of a minor correction of 50 pts o $SPX before we reach first-leg bull mkt. target @ 1,200. Thu Jan 14 15:14:52 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 7750709472 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Out of trading positions on $QLD...looking for a pause here, still looking at an upside target of 1,200 on $SPX w/a 50 pt. correction first. Mon Jan 11 21:31:57 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 7643697916 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> QLD SPX Last week, traders purchased 2.5 calls for every put; this is the largest ratio since Sept. 2000; I'll be getting rid of the remaining $QLD. Mon Jan 11 15:02:53 +0000 2010 johnepeet http://a3.twimg.com/profile_images/414689857/JP_Picture_Zoom__1__normal.jpg 7631974533 22178823 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> QLD