Bearish

The market basically has a double bottom for the year. I don't believe it. This market is just begging for longs to get in. I am bearish because at the end of everyday we sell off. That is the sign of a bear market. Not to mention there is no volume on any of these rallies. I am staying bearish as long as we stay below the 50 day m.a. on the S&P(115710). Today I have 107800 as my pivot. Above that is 109700 and below that is 105950. Selling rallies.

Bearish

The fact is the Bears are back and the Bulls are on the run. This trade is very scary and unpredictable. There could be another crash in the horizon. I say this because the market is trading scared like it did in 2008. When this starts to happen it is like a virus that takes hold of the market place. Until they get everybody out of the market, it cannot go back to normal trading. I believe they have to trade down to the low at 105600 in order to really see what this market is made of. The have to trade down there to prove to everybody that a flash crash is bullshit. The market really crashed and deserved to be at that price. Once this happens the market will resume to a technical trade, which I believe is Bearish. I am selling rallies until proven wrong. Resistance is 110525 and support is 108450. Below 108450 is 105600 and I believe it will happen fast.

Bearish

When the market sells off, it happens quickly and with high volume. This tells me that the market is in trouble. When all of the guys on CNBC are calling for 1300 in the S&P, I tend to get worried. Like I have said before, I will be selling rallies until we make a new high for the year. This market is in bearish mode until then. 115675 is resistance. My pivot is 112975. If we can stay above that area we will trade up to 115675 where I will be a seller. If we cannot hold that area we will trade down to 110275. Selling rallies.

Bearish

The market cannot close above 116025. We should trade down to 113200. If we fail there, then 110400 is next. This market acts like it wants to go higher and before you can blink they are selling off. The selling is coming late in the day which is a sign that they are going lower. Selling rallies until proven wrong.

Bearish

My pivot to the upside is 116025. If we trade above that then the market should trade up to 119000. I am not convinced of this rally. I believe that we will be in a trading range for awhile bearing any news. That range should be 116025 down to 107350. I feel that we are at the top of the current trading range. I am trading small and from the short side. I cannot believe in a stock market when Gold is running the way it is. People do not want to be invested in this stock market. I do not blame them. This is for professionals only. That means that we should trade technically in a range. There is nothing I believe that will push this market above the highs of the year.

Bearish

I am Bearish until this market makes a new high for the year. I believe that we have seen the top for the year and will be in trading range from here on out. There is so much intervention with every issue in the world. They just fix debt issues with more debt..... Debt on top of Debt. If another problem occurs what do they do then? They cannot spend anymore money because there is none. The futures are all over the place. Which tells me that the bears are back and they are taking control. When the VIX has moves like we have seen this week, that means everyone is scared and looking for protection. I am trading small taking advantage of volatility. Resistance is 117370 and support is 111200. My pivot to the upside is 114100. If we stay below that we should trade 111200.

Bearish

This is crazy..... That is all that I can say. What changed this market overnight. I believe that there is more than meets the eye. My guess is that some banks or one bank lost a lot of money and we have not heard the news yet. There has been nothing but selling. I cannot believe that Europe is the cause of this. We shall see. I am extremely bearish because the vix is exploding again and that is how it started the last free fall. Be careful and trade small.

Bearish

If the market cannot hold 116475 we should trade down to 114475. I feel that this will happen because this market is reaching a breaking point and the VIX is proof of this. When the VIX pops this hard and fast this usually means correction or change in trend. I believe that a change in trend could very easily be happening. I will be more of a believer if we trade below the 50 day m.a (116725) for more than 2 weeks. This will force most of the longs out of the market and give the power back to the shorts. I am selling rallies until they violate 116725.

Bearish

The market is showing signs of correction coming. Volume increases on the downside and there are fewer buyers as we break. That does not mean we will not rally one more time before we start to break. If we close today below 117250 I will believe that the highs are in for awhile. Resistance is 118925 and support is 116800. I will be selling rallies as long as we stay below 117875.

Bearish

This market has the writing on the wall for another dip. The Euro is getting weaker and weaker. Along with Gold getting stronger and stronger. My charts are telling me that this market is in trouble. We came up to far and too fast. Same old story. I now believe that volatility will get some of the longs out of the market. Anytime the market gets above the 50 day m.a. and then crosses back down below it, that is very bearish. We have tried 4 times to get back above it. Failing each time. Usually this starts the bear market. Selling rallies today. Support is 108225. Below that the market is in bad shape and look for 107350. Resistance is 110350 and 110950.

Bearish

The market failed at the 50 day again. We held the support that I had at 109000 so I will not be over anxious on being short near that area. Volume was high on the break. When they rallied volume was weak. Stick with the shorts but be careful of being short near yesterdays low. Today might be an inside day. If we take out yesterdays low we should trade down to 108225. Resistance is 110500 and support is 108225.

Bearish

The markets action has still been bearish to me. Higher volume on breaks and the rallies are very uneventful. I am looking for the market to open up below the 50 day this morning and try to stay below it. If this happens, look for the market to trade down to 109000. If this does not happen, the market should trade up to 102075. This is an important test for the market. Resistance is 102075 and support is 108225.

Neutral-Bearish

I am still bearish because yesterday we traded up to the 50 day and closed below. This morning we are lower but it is because of the .25 point hike in the Fed's Discount Rate. So I am waiting to see how we open. If we open up and go right above the 50 day (110500) I will not be bearish anymore. I will wait to see how the market closes. Friday closes are important. Plus today there is options expiration on the close. Trade small and watch for high volatility. Resistance is 110825 and support is 108625.

Bearish

The market cannot trade its 50 day moving average. Until it does I am selling rallies. This market has come back half way for the year and stalled. I believe that we will trade in the bottom half of the range and make a run at the lows of the year. Resistance is 110450 and support is 106975. Trade small and sell rallies.

Bearish

I am still bearish. This market has to trade above the 50 day 110500 before I believe in this rally. I will be selling rallies in front of the 50 day m.a. Today's close is very important. A close above is very bullish and below is still bearish. Also today is the FOMC minutes. Support is 106975 resistance is 110500.

Bearish

The market has had a nice rally off the recent lows of 104075. We have seen light volume on this up move and it seems as though it has just been some short covering. There is so much confusion on the street whether or not this bull market has come to a halt. I believe it has and we will start to trend down. When the market breaks the uptrend and then falls below the 50 day m.a. it is just no good any more. Selling rallies until they get above the 50 day (110500). Resistance is 108750 and support is 105825.

Bearish

This market is just holding off the bears for now. All that I see is selling and then some short covering. We held my resistance overnight at 107925 and now I am looking for the market to test support at 105725. If that does not hold, look for them to go after the recent low at 104075. Sell rallies on short term charts.

Bearish

We cannot get above the 10 day moving average. The market increases in volume on down moves and when we rally there are sellers the whole way up. I am bearish unless they can take out the 10 day. Resistance is 107450 and support is 104600.

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.

Bearish

The sellers came out today. We broke my support at 1010.00 and started escalating to the downside. My next support is 981.50. Sell rally's all day. The sellers are out and probably not going away.