Archive for February, 2010

Market Getting Extended

The market ripped higher yesterday slicing through that 20 day moving average like butter.  We ended the day right under the 50 day moving average and this morning the $ES_F is up almost 5 points.  Take a look at the $USDX this morning, it’s surging off a strong level of support, but equities haven’t moved. [ READ MORE ]

Push Towards the 20 Day

The market is pushing its way up to test that 20 day moving average on the $SPY.  Don’t be stubborn, take some exposure off when it gets there and wait for resolution[ READ MORE ]