Wednesday, July 14, 2010

Summary & Plan 6/14/2010


The clearing of 1080.25 is a huge positive for Quarter 3, 2010 S&P 500

It s pretty simple you continue to buy weakness. Highly doubtful that the market has any type of significant correction until July 23rd - July 25th.

The Globex numbers below are your targets as we move higher.

Globex Left
Globex Left
1174.75

1159.50
1091.25
1129.50
1073.00
1117.00
1065.50

As you see and have watch us be long when the proprietary Trade Advantage* software went into a daily buy (6 days now); and has generated a weekly buy first week up.

People are in disbelief about the rally when they should have been about the decline. That is the joke of all this; the majority is looking for a double dip recession. We always have a plan each week and this one is right on schedule.

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