Daytraders kind of market
The decline from the SPX 1296 – 1291 and 01/11 – 01/13 time period accelerated to the downside…
Energy and semi’s remain the key focus this week
Last week the SPX hit an anticipated price zone with the 1294.90 Thursday high…
No surprise and certainly overdue
I expect some technical buying on any retracement to the previous trading range zone…
Contracted volatility precedes Slim Jim breakouts
The energy stocks are in the “above the line” trading zone, so they are in play every day for the daytraders
Key time zone this week
It was certainly a busy first week of 2006. The SPX broke out of its trading range
Traders ride energy, semis and gold
2006 started the year with energy and gold as the OIH was +7.3% and the XAU +8% the first two days
2006 first–week focus
There was no question that it was a stock-picker’s year
No daytrading heroes needed the last two days of 2005
The SPX opened to the upside on Tuesday, hitting the intraday high of 1271.83 on the second bar
Year-end market view
The week finished quietly and flat as the SPX closed at 1268.66 vs. the previous week’s close of 1267.32
The Generals’ plan into year-end
The actual rally is now 49 days old off the October 13 SPX 1168.20 low…
Daytraders profit on the early weakness
The first two days following expiration were soft but not unexpected
Volume will decline and liquidity reduced this week
The market enters the Christmas week with some negative momentum divergences…