Neutral,Slightly Bullish

We are in an uptrend off the lows of the year. As long as we stay in an uptrend off these lows and stay above the 50 day m.a. we should trade higher. You can only fade the tape for so long. This market just wants to rally. I may not believe it, but the market is telling me otherwise. Resistance is 114700, support is 113050 and 111425.

Neutral

I am still concerned that this rally will end with a big break. All though we are above the 50 day m.a. I am still not a believer. In the past when we have rallies like this they tend to over exaggerate the upside and then exaggerate the downside. No volume with no volatility tells me that the bull market is here for now. Trading small until I can make sense of it all. Resistance is 114700 and support is 111400.

Neutral

We had unemployment numbers that were so called "good numbers" but the reality is we are still at 10% unemployment and weak signs of job growth. This market will struggle to go higher without the public's participation. I feel like the market will now trade in a range for awhile now that these unemployment numbers are out. I will be scalping both sides of this overnight range today. Trade small because this is still a limbo market. Resistance is 113425 and support is 112175.

Neutral

It is hard to be long a market with no volume. That is why it may ultimately be right. The hard trade is long. It is so easy to be short up here because of the lack of volume and volatility. I have been waiting to see how the market is doing by the close. If we cannot go higher, the market sells off going into the close. That usually is a bearish sign. That sign needs to be reinforced by taking out prior days lows. We have not been doing that. I am staying neutral until this market starts making sense. Resistance is 112650 and support is 110950.

Neutral

Everyday that passes I get more confused. This rally has had no volume and no support from the stocks themselves. There are very few stocks near there 52 week highs, yet the market is near its 52 week high. I do not see anything that proves to me we should continue higher from here. Lower volume everyday with no support from the stock market. When this is going on, I believe that the market has an agenda and nothing will support this move, which is why it will continue on its path. So stay away until it makes sense again. Resistance is 112525 and support is 110775.

Neutral

The market has had a 82 point rally in the S&P over the last 8 Trading days. There is very little volume to support this move. I am neutral because this market is acting very strong but with very little support. There is obviously an agenda in the market right now. They are searching out stops because there is little volume. I believe there will be a retest of the 50 day m.a. by the end of the week (110575). I have resistance at 112100 and support at 109775. Trade small with no opinion until volume picks up.

Neutral

Neutral. The market is in limbo. We are hanging out around the 50 day m.a. The market is waiting to see if we want to be above or below it. It feels like it wants to go higher again. It is the first day of the month and we are in the middle of rollover. Look for high volatility with mixed direction. Resistance is 111500 and support is 109775.