Friday, January 11, 2013

S&P 500 close January 11 2013

Nice sideways action today as we continue to consolidate from the big move early in the year.  The stock market basically finished flat on the session with the Nasdaq and Dow Jones Industrials posting small gains.  Short term momentum is flat and the long term is still rising.  We are still significantly above the value zone of 1453 so this smaller move pattern may continue.

We are moving to  We will continue to post through the end of January at which time we will transition to the new site.

Thursday, January 10, 2013

S&P 500 January 10 2013

We are off and running.  The stock market opened higher, retreated to a short term resistance level of 1462 and then steadily climbed through the day to finish at 1472, up 11.  Both short term and long term momentum are moving more positively.  We are still above the value zone, which sits now at 1450.  Early in the day I thought we would continue you be choppy through the day and pretty much trade sideways.  This would allow the value area to move up and catch up to the market.  It seems for now the market is intent on pushing higher.

We are moving to  I will continue to post through January until we fully transition to the new site.

Wednesday, January 9, 2013

S&P 500 close 1/9

Pretty good start for the bulls.  The S&P 500 opened higher and held off a bear attempt to pull it under 1460 late in the day to finish at 1461.  There may be a continued consolidation at these levels as the value region continues to move up from its present level of 1448 and will help push the market up as it gets closer.  The short term momentum has lightened up with the smaller move.  Long term is still moving positive.

We are moving to  I will continue to post on both until the end of January when I transition over to the other site completely.

S&P 500 January 9 9:05am EST

Not much retrace and we are moving higher.  Time to go green.  Trade for TNA (Direxion Small Cap Fund) placed this morning.

Tuesday, January 8, 2013

S&P 500 close 1/8

A little better retreat today.  The stock market was down 4 points and was down as low as 9 early in the day.  I feel a little better about the bullish momentum slowing.  I did not buy today, but will monitor the market for an opportunity perhaps tomorrow.  Looking for something a little more, but may buy tomorrow if we swing strongly to the upside.  The market has consolidated nicely above 1450 so we may be headed up quickly.  Still yellow on investments. 

We will be moving soon to  We duplicate posts on both sites through January.

Monday, January 7, 2013

S&P 500 close 1/7

I think I maybe losing my window to buy.  The S&P 500 retreated early today by 9 points before rallying into the close and finishing at 1461. We have consolidated a little at these levels and I give it one more day before I throw in the towel for a value buy.  Long term and short momentum indicators are now both gaining bullish momentum and we have crossed into bull territory on the long term indicator.  I will watch the open very carefully tomorrow and perhaps make a decision.