Slightly Bullish

The news on Jobless claims has sparked a higher open. I believe that we have to get above 1000.00 in the cash market before there will be any interest entering the market. I have been trading small looking for areas to be long.

Slightly Bearish

We cannot get above my resistance at 980.50. I believe you will see some selling today looking to take out yesterdays low at 969.00. I have support at 967.50. I will be a small buyer down there but I am slightly bearish overall. Selling rallies on my short term charts looking for 967.50.

Slightly Bullish

I am sticking with the trend until we break it. I am looking for areas to buy as long as we stay in this uptrend. We hit resistance overnight at 980.50 so look for selling on the open then wait for opportunities to be long.

Slightly Bullish

We are leaving single tics from yesterdays range. As long as we have these single tics I am staying long waiting for 980.50.

Slightly Bullish

The head and shoulders yesterday did not pan out. I am waiting for the market to either violate this 956.50 area or break the recent uptrend. We have hit this high several times now. I think that they might start breaking if they do not take that high out soon. If they take out the 956.50 I will be looking for 960.75 then 967.50 as resistance. Above 967.50 look for 980.50.

Neutral

We are making a head and shoulders on the 60 Min. chart. If we take out yesterdays low(939.50) we should trade down to 924.00. If we break the neck line we should trade up to 967.50. I am waiting to see what shakes out.

Bullish

As expected we have made new highs for the year overnight. I am looking for the market to trade up to 980.50 as my next major resistance. I have nothing else close to these prices for now. When the market is making highs of the year the trade is usually very boring. I am still buying breaks leaning on prior days lows.

Bullish

We are above all of my resistance areas. I am looking for the market to make highs of the year by the end of the week. I am buying breaks leaning on prior days lows.

Neutral - Slightly Bullish

I am remaining neutral for now. We have sold off from my big resistance level at 938.75 so I am waiting to see what today brings. I will be buying breaks down at the 913.50 support and sellling rallies at my resistance at 942.50 with a couple dollar stop loss.

Slightly Bullish

After yesterday's run up the market is going to go through some major tests to the upside. I have major resistance at 938.75. I will be shorting up there with a few dollars of risk. If the market violates this area we should trade back up to the highs of the year at 953.00. I am buying breaks until the market trades back below the 10 day m.a. at 894.50. Use your short term charts to pick your spots using m.a.'s (moving averages) to get long with tight stops. I am using 2 dollar stops.

Bullish

We have an upside head and shoulders that formed. The market was probably a bit oversold as well. I believe that we should trade up to 903.00 in the cash by days end. Look for big buy orders on the close if there is no sell off by the bell.

Bearish

The market cannot hold a rally. I am selling rallies today looking for 862.25. I will be exiting some of my shorts down at 862.25. If that does not hold, I will re-enter short and look for my next support at 841.00. As long as the market stays below 874.00 I will have no problem staying short all day. Above 874.00 I will sell rallies risking above yesterdays high(884.50).

Slightly Bullish

The market came up short of my 863.25 support which is usually bullish. The market just seems tired of breaking for now. I will be buying dips today looking for the market to trade up to 891.00. Although I would not be suprised to see the market trade all the way back down. I will turn bearish if the volume on the sell side picks up again. I will be using short term charts to determine my buying opportunities. Trading small with tight stops. The market is in limbo until 891.00 or 863.25.

Bearish

We took out yesterday's low and have not looked back. I have been selling rallies looking for 863.25 to trade. This is a big area for me, I will be looking to reverse my shorts and establish a long position. If it doesn't hold 863.50 we should trade down to 843.50-84100. (I give all of my trades a 2-3 dollar stop loss)

Neutral

It is a wait and see day. If we take out yesterday's low we should trade down to 863.00. If not, then we should trade up to 889.50.

Waiting

I hate to get bearish before they take out the 200 day on the cash, but all that I have seen is selling. I believe that they take out 885.07 in the cash by the end of the day. I will be sitting on my hands until they do(if they do). My next support is 876.25 in the futures. I will not be establishing a big long position there. Just scalping off that area. Violation of that area look for the market to start selling off pretty hard down to at least 841.00 over the next day or so.

Slightly Bullish

I am a little bullish on the market today. We held the 200 day m.a. in the cash market at 885.07. If we do violate 885.07 in the cash I will turn bearish. I will be buying breaks until the market trades below that area. My first support area in the futures is 889.50. Below that I have 876.25. I have resistance above at 903.50.

Bearish

The opening range is the high of the day. The shorts are back and I believe that the market should trade down to 883.50. I am selling rallies until the market trades above 928.50. I will be a small buyer down at 883.50.

Slightly Bullish

The market does not want to stay down. My feeling is that there are a lot of shorts out there and they are out of bullets. I am slightly bullish today because of that. To the upside I have resistance at 932.50-934.50. If the market can get above yesterdays high at 926.25 then we should trade up there. To the downside I have support at 903.25-900.25. Look for that to trade if we violate yesterdays lows at 908.25.