Wednesday, 18 April 2012
Tuesday, 17 April 2012
Need to be right !
TO BE SUCCESSFUL
IN THE MARKET IT'S MORE IMPORTANT TO BE HUMBLE THAN TO BE RIGHT
MANY TIMES WHAT TRADER NEEDS IS NOT MORE KNOWLEDGE OR A BRILLIANT MIND THAT CAN ANALYSE MARKETS BETTER BUT A HUMILITY TO SEE THE TRUTH, AND KEEP HIS MIND OBJECTIVELY FOCUSED IN THE "NOW MOMENT"
S&Ps nearing range resistance
Hope remains alive that this week's earnings reports will put a support under the market ahead of next week's Fed meeting. If earnings provide the upside catalyst we should have no trouble pushing back above 50dma and into the prior range.
As of now S&Ps nearing range resistance at 1386.87.
note_how the market closes today is going to be very important indication of the next market move
As of now S&Ps nearing range resistance at 1386.87.
note_how the market closes today is going to be very important indication of the next market move
Sunday, 15 April 2012
S&Ps now
Watch for the move back into the prior range above S&P 1386.87, and above the range, expect a move back and above prior highs
OR
if that doesn't materialise, be ready for a trade below last week's lows, 1351.36 at a minimum.
Earnings season is in full swing coming week.
Options expiration week.
note_ in this low confidence, low volume and high volatility environment, being patient and staying disciplined is very important
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