Slightly Bullish

This market takes all the bad news very well. This stock market should be on its ass but it is not. Earnings have been all around pretty good. The news with all the down grades from S&P on these countries has not taken us down that far. The S&P is still only 30 points from yearly highs. This morning I have 119525 as my pivot. If we stay above that we should trade up to 121200. If we can't stay above it we should trade back down to 117850. 117850 is my support area. If that area gets taken out I will be looking for 116150. This market is very volatile and overall the bulls are still in control. I will buying breaks while above 119525. Selling rallies below it.

Slightly Bullish

It seems like the higher we go the less volume we have. Yesterday was so anemic that I am seriously wondering where all of the traders are? It seems as though I should just be trading crude or commodities. The market wants to go higher and it does not care if volume comes in. We closed above 11000 in the Dow and we should continue on this rally. 120675 is Resistance in the S&P futures. That will be a big test to the upside. I am waiting for that test before I attempt to short this market. Support today is 118500. Trade small and buy breaks.

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.

Slightly Bullish

The market has finally retraced a little bit to test some of the longs. Volume has picked up and volatility has increased. You have to wait and see what they do over the next few days before we start to believe that a larger correction is in place. I am slightly bullish today because we are in a bull market and when there are big breaks in a bull market we usually trade up the next day or two. Support is now 108900 and resistance is 115700-115850. Use your short term charts to get in long but do not be stubborn.

Slightly Bullish

We are opening lower at my support. I have to try and be long until they break a support area. Especially when we have been filling in all the upside gaps. Support 113350-112825. Resistance is 115600.

Slightly Bullish

The trend continues...... This market is going up without volume or retracement. That is a sign of bull market that will hit a wall and collapse at some point. When the market has only one direction, in this case up, we tend to retrace the whole move. As we have seen in the past. I am not very active in this kind of market. Pick your spots and believe in your system. Wait for the volatility to increase. Support is 112825 and resistance is 115600.

Slightly Bullish

We held the 200 m.a. on the 60 min. chart last night. So for now I am sticking with the trend and buying breaks. I have support at 1079.25 and 1068.25. I will turn bearish if they break my support at 1079.25 and look for them to trade down to 1068.25. I will be buying breaks leaning on that support area. Resistance is 1104.25.

Slightly Bullish

Do not fade the trend. Two big up days to start the week. This market is strong and has not yet hit any resistance that they have not held. My resistance is 1062.25 above with support at 1024.00. I will be buying breaks on my short term charts. I will only sell rallies if we stay below opening range and we take out yesterday's lows (1042.50). If that happens I will sell rallies leaning on opening range.

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,Slightly Bullish

Today feels like it will be an inside day. We will probably trade within yesterdays range. If we take out the lows at 1018.25 we should see some selling taking us down to 1009.00 the ten day m.a. Other than that, I see us staying range bound with light volume. I have resistance at 1038.00 and 1045.50. Support is 1013.50 and 1009.00.

Neutral,Slightly Bullish

I have resistance at 1038.00 and 1045.50. We have held the 1038.00 area for now. This market is trading like it wants to go higher. I am trading from both sides. I am selling rallies in front of 1038.00. I am also using opening range(1029.25) as a pivot. My support below is 1013.50. I will be buying a break down to that area. This is still a summer trade with light volume. Take your winners and limit your losers.

Neutral,Slightly Bullish

The market has held my support at 977.00. I feel like they want to trade lower but I am not going to fight it if we rally. I am buying dips today leaning on yesterdays lows. If we get below 977.00 my next support is 965.00. On the upside I have resistance at 989.00-991.00.Trade small because it is whipping around with light volume.

Neutral - Slightly Bullish

They had everybody short on Fri. with a late day rally up to 1007.00 where we have failed many times. They started to drift lower overnight with no buyers. We took out last weeks overnight low at 986.00 setting off some stops. I don't believe that there will much more downside today because it looks like they did most of it overnight. This trade is range trading right now. They move in one direction very quickly followed by consolidation then followed by a move back in the other direction. I have support at 977.00.

Neutral - Slightly Bullish

The market is taking all the selling and closing on the highs. That usually indicates a bull market. I am trading small waiting to see if we can make highs of the year (1016.00). At 8:55 we have consumer sentiment which might get things going in one direction or the other. I have resistance at 1021.00 and support at 996.25. Waiting for those areas to trade before I establish any real positions.

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 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 - 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.