Slightly Bearish

The market had a low volume rally on the close yesterday. We came up short of my resistance at 110450 and started to head down overnight. I do not believe that this market is ready to go back up yet. Volume increases on the break and decreases on the rally. That is a sign of weak market in the short term. I am selling rallies until we have high volume on the upside and we break through my resistance levels. Resistance today is 111475 and support is 107275-107050.

Neutral

FOMC meeting today. Keeping the powder dry until this number comes out. Support is 107525 and resistance is 110900.

Slightly Bearish

The market is selling off on increasing volume. My support areas are not holding. I will be selling rallies until we hold a support area for more than a day or two. I believe that we are still in a bull market so I will not be selling into any breaks. Support now is 107525 and resistance is 110900.

Slightly Bullish

The market has finally retraced a little bit to test some of the longs. Volume has picked up and volatility has increased. You have to wait and see what they do over the next few days before we start to believe that a larger correction is in place. I am slightly bullish today because we are in a bull market and when there are big breaks in a bull market we usually trade up the next day or two. Support is now 108900 and resistance is 115700-115850. Use your short term charts to get in long but do not be stubborn.

Earnings, Neutral

There are a lot of earnings coming out in the next 2 weeks so I am staying on the sidelines. I will just scalp short term charts with no real opinion. When all of this data is out, the market will start having some direction and I will go back to trading bigger positions. Until then, trade small and wait for these earnings and also the FOMC to pass. My big support area is 111850 and Resistance is 115600. I will dip in if we trade these areas.

Bearish

We had a high volume up move right on the open and then a complete reversal below opening range. We broke the uptrend for the year. Which tells me you will continue to see selling for the rest of the day. Support is 112700 and resistance is 115175-115600.

Slightly Bullish

We had a nice volume rally yesterday from the uptrend for the year. The market is holding its trend so do not fade it. Support is 112700-112475. Resistance is 115600.

Slightly Bullish

We are opening lower at my support. I have to try and be long until they break a support area. Especially when we have been filling in all the upside gaps. Support 113350-112825. Resistance is 115600.

Slightly Bullish

The trend continues...... This market is going up without volume or retracement. That is a sign of bull market that will hit a wall and collapse at some point. When the market has only one direction, in this case up, we tend to retrace the whole move. As we have seen in the past. I am not very active in this kind of market. Pick your spots and believe in your system. Wait for the volatility to increase. Support is 112825 and resistance is 115600.

Neutral,Slightly Bullish

One trend I am noticing is that the highest volume traded at one price(high volume bar) is higher everyday. Which tells me that a top is nearing because the longs are getting in on the rally and not on the break. That means any pullback may not have buyers because the buyers are rushing in. It also means that if the trend is broken, we might have a bigger correction than most people think. A change in this uptrend is crucial to this markets psychology. It seems that everyone riding this trend is riding it until it breaks. Support is 112275 and resistance is 114500.

Neutral,Slightly Bullish

We are making new highs everyday with lighter volume. At some point you should see some selling because the longs get exhausted, and they get out of some of their positions. I am not very convinced on either side of the market right now. As I have said before, stick with the trend. The trend is up, so I am still slightly bullish. Pullbacks are healthy and necessary so be ready if they happen. Support is 112500 and resistance is 113725.

Bullish

The market is just slow. We are in a uptrend and there is very little business. So do not fight it. I am not making many trades right now. I am waiting for support or resistance levels to be tested. Support is 110350 and resistance is 113950.

Bullish and Range Bound

After yesterday's boring start to the year, the charts are tightening up. Volatility on the VIX is nearing two year lows. Which leads me to believe that there is very little interest in the stock market right now. People have made there bets and we are in a wait and see mode. That means stick with the trend until the trend changes. Unless there is a explosive move in the trend. I am trading very small with low expectations. Take what you can get and be very patient. Let your prices come to you. Resistance is now at 113950 and support is at 110350. No big positions for me unless they trade those areas.

Bullish

We are starting the year with a gap up. The market is continuing on it's upward trend. The market sold off on New Years Eve giving the Bulls another opportunity to get in. I have resistance at 113300 and support at 110550. Remember to start the year on a positive note. Be patient and stick with the trend until the trend breaks.(If it does)