1 548 Pessmistic about ability $SPX get above 1072 today as unlikely to be any help from dollar/euro which now facing strong support/resistance. Tue Feb 09 14:23:48 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8856185793 29880796 <a href="http://www.tweetdeck.com" rel="nofollow">TweetDeck</a> SPX While selling into close never a good sign, closing well above previous low is a postive & good chance $SPX will move up from here tomorrow Mon Feb 08 23:53:21 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8830708211 29880796 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX After orderly retreat to 1060 support flurry of selling in last 15 min dropped $SPX to 1057, well above last weeks 1045 low. Mon Feb 08 23:47:35 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8830495773 29880796 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX Now that $SPX & Euro are backing down from resistance, they must hold 1055-60 & 1.362-5 to avoid retest of lows and possible add'l leg down. Mon Feb 08 18:38:37 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8819665080 29880796 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $SPY mkt turned back by resistance @ 1070, Euro @ 1.37. Sold $IPXL for +1.3%, holding $MU & $WDC which at this point up 4.4% & 3.8% . Mon Feb 08 17:28:07 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8817297455 29880796 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> IPXL MU SPY WDC $SPY market and euro have both pushed into zone of resistance 1070 & 1.37. Mon Feb 08 16:11:12 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8814570724 29880796 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPY $SPX tracking dlr/euro tick by tick. Euro working back up to 1.37 where it will meet heavy resistance and SPX likely to stall, ~ 1070-72. Mon Feb 08 15:43:45 +0000 2010 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 8813567117 29880796 <a href="http://www.tweetdeck.com/" rel="nofollow">TweetDeck</a> SPX $$ For major correction of 10% or more (below 975) dollar must break above March downtrnd that has so far turned it back whenever approached Fri Oct 02 19:09:37 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4560688923 29880796 web $$ $SPX will have considerable support @ 1020 50 day MA and psychologically important 1000 nxt week but believe we will see 1000 or lower. Fri Oct 02 19:05:37 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4560599664 29880796 web SPX $$ Dollar & Treas kicking up with some volume so we may have selling into close. Inability $SPX push into positive terra bearish for nxt wk. Fri Oct 02 19:02:31 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4560527272 29880796 web SPX $$ Don't be fooled by early blip. Speculators are trying to catch falling knives. When market turns they will feel pain and quickly flee. Fri Oct 02 13:58:47 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4553006097 29880796 web $$ $SPX will try to make a stand @ 1020 50 day MA, again @ psychologically important 1000, but I am looking for eventual correction to 975. Fri Oct 02 13:44:06 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4552698518 29880796 web SPX $$ Caution: Important to ignore trader talk today. The hyper-inflationist $bear Taliban are panicking and will try to talk the market up. Fri Oct 02 13:40:27 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4552624246 29880796 web $$ $SPX opened below 50 day MA. Long awaited correction is underway. Fri Oct 02 13:38:08 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4552578668 29880796 web SPX $$ Long awaited correction may be here. Strong dollar indicates risk aversion. Surge of 7-10 yr Treasuries on volume particularly ominous. Thu Oct 01 15:32:40 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4527148375 29880796 web $$ $SPX drop below 1040 critical. $ & Euro close to breaking March trend and worse yet, 7-10 yr Treasuries up to new hi on vol. Thu Oct 01 15:30:12 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4527088509 29880796 web SPX $$ Believe $SPX 1040 will hold and provide good entry point. If not, will probably drop to 50 day SMA ~ 1020. Thu Oct 01 14:21:28 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4525527194 29880796 web SPX $$ With dollar $UUP coming off overbought position good chance $SPX will hold 1048. See 1048-1068 trading range rest of week. Wed Sep 30 14:54:57 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4498760371 29880796 web SPX UUP $$ $SPX still falling. Good support at 1040 could provide entry point for bounces. If 1040 doesn't hold headed for 50 day MA @ ~1020. Wed Sep 30 14:11:54 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4497802753 29880796 web SPX $$ BAD SIGN: Drop of dollar this AM should have sent stocks roaring out of the gate but $SPX is down instead. Wed Sep 30 13:45:08 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4497236570 29880796 web SPX $$ Buyers an sellers deadlocked. Dollar $UUP flat lined. Looks like we are stuck in $SPX 1058-1068 range for a while. Tue Sep 29 19:24:41 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4477657565 29880796 web SPX UUP Dumped $STEC for 2% loss. Tue Sep 29 16:09:59 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4473309136 29880796 web STEC $$ Modest $SPX rally to 1065 possible this PM because dollar $UUP slipping & may have run out of steam. Tue Sep 29 16:07:37 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4473255366 29880796 web SPX UUP $$ $SPX may hold 1058 because dollar $UUP unable push thru AM highs. If not, look for retreat to 1050 possibly 1040. Hold & 1065 poss in PM Tue Sep 29 16:00:12 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4473077859 29880796 web SPX UUP $$ If dollar $UUP & Euro $FXE break Mar trends it will be game changer bringing $SPX correction, but there is much resistance to be overcome Tue Sep 29 15:46:28 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4472765632 29880796 web FXE SPX UUP $$ Dollar $UUP reached 23.00 this AM .07 below March downtrend line & .20 below 50 day MA. Euro $FXE fell to 145.47 within 1% its trend & MA Tue Sep 29 15:41:43 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4472657507 29880796 web FXE UUP Bought $STEC @ 30.65 and $SYNA @26.45. Mon Sep 28 17:43:48 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4448140971 29880796 web STEC SYNA $$ $SPX seems to be shedding link to dollar. Oil & materials reacted to sharp rise dollar but other sectors refused go down..1070 close poss Mon Sep 28 17:42:32 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4448113195 29880796 web SPX $$ $SPX shrugged off soft dollar & surged higher on mild upgrade of $CSCO. Difficult give much credence to this move in absence of volume. Mon Sep 28 15:50:43 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4445516531 29880796 web CSCO SPX $$ Low volume spike at open led by $CSCO seems to have run its course. Look for $SPX to drop back. Mon Sep 28 13:59:54 +0000 2009 samco9 http://a1.twimg.com/profile_images/288833802/KEYNES_normal.bmp 4443079366 29880796 web CSCO SPX