Neutral,Slightly Bearish

There was little follow through to the downside yesterday. We made a new low from the prior day and then continued higher for the rest of the day. What else is new. Volume was pretty good on the rally so I expect this market to test the highs again. I am not bullish because of the way we trade when we break. High volume with a panic feel. No one wants to be the last person to get out of their longs. Resistance is 119325 and support is 116525.

Neutral

A perfect bell curve for the year is 118375. That should be an area that longs should take some profits. Aside from that, I see no reason for this market to stop this rally. Light volume with little or no volatility means the market continues on its trend. I am not bullish, but I need to see some sellers before I am a believer of being short. Trading small and neutral until then. Support is 116175 and resistance is 118375.

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.

Neutral

Yesterdays close was a bullish close. I am waiting to see how the market opens and takes all of these numbers today. AIG will be a wait in the financials this morning. I will be looking to sell rallies up to the 50 day m.a. at 110550. If that gets violated, I will be working the bid up to 112075. Wait and see. Trade small. Look for high volatility with a small range. Support is 107800 and resistance is the 50 day and 112075.

Neutral

Friday's close was right on the 50 day m.a. I am waiting to see how they open today. If they cannot get below the 50 day in the first hour I will be turning bullish. Resistance is 112075 and support is 108225. I will have a wait and see attitude on todays open.

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.

Neutral

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

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.

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.

Neutral

The market is in a battle. The shorts are trying to keep pressure on the market and the longs are working bids the whole way down. We are in a two day FOMC meeting so we should see who will be right by the end of the meeting. I am staying on the outsides until it becomes clear with the direction. Support is 1012.00 and resistance is 1052.00.

Neutral,Slightly Bullish

The market is staying in bullish mode. I have resistance at 1054.00 and above that my next stop is 1065.50. The market has not held any resistance this year. I am trading small and to the long side until they can hold resistance. Support is 1034.25.

Neutral,Slightly Bullish

The market is up again. The numbers were better this morning and we will open higher. Volume is still very light with a bullish tone. I am still sitting on sidelines until they hit some of my support and resistance levels. This is a very difficult trade so trade small. Stick with the old saying "Never sell a sleepy market" if you listen to that this year you are doing well. Resistance is 1054.00 and support is 1021.00 and 1015.75.

Neutral

We are in the middle of rollover and volume is light. I am scalping small. Support is 978.75 and Resistance is 1010.00.