Wednesday, December 7, 2011

Watching for a gap fill

After initial selling pressure off the open, the next target is a gap fill.

Breadth still not nice, but off its worst levels, and we may need a pause first, but the momentum pattern suggests we at least try higher

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Small gap

Passing on the fade and waiting for a better setup.

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Tuesday, December 6, 2011

S&P 500 video for 12/7/11

Stock Market Trading Watch List For Wednesday, December 7th, 2011

Nice and sloppy

Nice and sloppy trading here, as we can't make up our minds.

Could stay this way into the afternoon, and no guarantee we move then either.

Breadth is -800s and the VIX is down small

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Small gap

Not looking for a fade off the open here, will wait for another setup

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