Slightly Bearish

It is the end of the month. We have had a nice run up this month so look for some selling going into the close. Goldman Sachs is opening down 8 bucks this morning due to concerns of some lawsuits. This might be a lag on the market today. Also look out for news on the Greece bailout plan. That can happen at any time. I will be selling rallies in front of 121200 looking for a pullback to 119550. Above 121200 look for 121625. Trading small and selling rallies.

Slightly Bearish

The market has reached one of my resistance areas at 120675 and held for now. I am short small leaning on that area. If this area gets violated I have 121400 as resistance. This market is very hard to get in front of right now. There is light volume and the Bulls have had there way with it. I will be trading from the short side as long as we stay below 121400. I will be watching the volume very closely today. Along with the direction of the dollar. Right now the dollar is up and we are down. If the dollar stays strong today we should stay down on the day. Support is 118675.

Slightly Bearish

The Dow has now gotten above the 11,000 mark that all of the fund managers have been waiting for. The question is what do we do now? I believe that you will see some volatility up here due to short covering and some longs taking profits. If we close above it today look for this market to extend the rally for the next couple days. Resistance in S&P is 120675 and support is 117475.

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.

Slightly Bearish

We held the perfect Bell Curve for the year at 118375. Now we have a double there as well. I will be short until they take that high out. Resistance is 118825 and support is 117225. Volatility and volume is still very low so do not look for too much to happen today.

Slightly Bearish

The market is trying to figure out this correction. Are we done or has it just started? Look for a range trade on these recent lows. My feeling is that the correction is just starting. This recent break acted a lot like the beginning of the break in 2008. Extreme volatility with high volume. Resistance is 107175-107375 and support is 104800. Selling rallies on short term charts until they blow through some resistance.

Slightly Bearish

We did not make a new high on Friday afternoon. That tells me that the market is still weak and look to sell rallies. I have it being pretty tight in this area for now. Resistance is 107375 and support is 103800. I will be selling rallies on my short term charts until they hit my support or resistance areas.

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.

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 Bearish

Today we are opening right around the 20 day m.a. We have not yet retraced the fibonacci 38.2 percent of yesterdays down move (1071.75). If we cannot do that, we should continue to drift lower. My next support is 1047.25 and resistance is 1096.00. I will be selling rallies in front of the fibonacci retracement at 1071.75.

Slightly Bearish

I am bearish today because I believe that the daily m.a.'s need to be tested again. The 10 day m.a. is the overnight high and the 106650 is the 20 day. If we can stay below the 10 day at 1083.25 we should test the 20 day. I will be selling rallies today unless the overnight high is violated 1082.75. Support is 1061.50 and Resistance is 1108.75.

Slightly Bearish

The opening range is the high of the day. The longs are taking some off the table at this 1100 area in the S&P cash market. I will be selling rallies today leaning on the highs of the day (1095.25). If they get above the highs my next resistance is 1104.25. Support is 1068.25.

Slightly Bearish

The market has hit my resistance overnight at 1095.00. I love when they do that. They hit it when no one is trading. Since they hit it and opened below yesterdays high I will be selling rallies leaning on that resistance. My next support is 1079.00 and next resistance is 1099.00. The market can go from support to resistance with ease during earnings season. Do not get stubborn and give the trades a couple bucks.

Slightly Bearish

As I expected, the Market made new highs for the year. I am looking to be a little short up here because I have resistance at 1075.50. I am only risking a couple bucks above this area. This market has still not showed any signs of this rally slowing down. I am only get short at my resistance levels risking minimal dollars. If we hold this area look for the market to trade down to 1070.00. My next support is 1055.00. Sell rallies with tight stops unless we trade above 1077.50.

Slightly Bearish

As long as we stay below 1063.50 I am staying short. If we stay below that area I am looking for the market to trade down to 1046.50. Above 1063.50 look for the market to trade up to the highs of the year 1075.75. If we trade above this area I will turn around and use this area as a pivot. This trade is very tough so do not over trade. Trade small knowing your outs and let the market work its way through this area.

Slightly Bearish

We are still holding this fibonacci retracement at 1016.00. The data this morning also did not please the market. I am still cautious on being bearish because of the way we are trading up here. They keep selling and we don't go anywhere. I will be selling rallies until we get above this overnight high. Trading small waiting to see what happens. I have support at 1000.25 and 993.00. Resistance above at 1022.00 and 1029.25.

Slightly Bearish

I am sticking with my slightly bearish position. We have a double top in the cash on a weekly chart. We have rallied 50 percent off the market lows at 666.00. I will be selling rallies up to 1013.50 looking for a break down to my support at 986.00. I will be wrong if the market gets above 1016.00.

Slightly Bearish

We have held 999.00 so far in the futures market. I am slightly bearish because of that. I still feel like they want to go higher but I will be selling rallies until they take out overnight highs 1001.75. I have resistance above at 1009.50 and support below at 975.00. Trading small using short term m.a.'s to get in the market.

Bullish,Slightly Bearish

I have been buying breaks for weeks now waiting for the market to reach a significant area at 1000.00 in the S&P cash market. You should start to see a better trade. The market has been on a one way train for some time now. I have resistance at 999.00 in the futures and no support until 962.00. I am short the market with a tight stop above this area and I am looking for a break down to 962.00 if this holds. If it does not hold I am looking for 1008.00 - 1010.00 in the futures.

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.