These Are My Levels For Today…
The markets are speaking. If you listen,
they will tell you very clearly what they are doing. Each technical level is not
only respected, but carefully approached and traded before making a
move. Naturally, this makes for a much slower pace of trade, but on some levels
it takes a little bit of the intensity and seeming chaos out of the equation.
I apologize, but I got off to a very late start this morning, so I do not
have time to expand on the topics I had hoped to. I will make up for it in
tomorrow’s column.
However, in addition to the levels listed below, you should bear in mind that
based purely on time, the middle to later half of this week may bring back a bit
more of a bullish tone.
Key Technical
Numbers (futures):
S&Ps |
Nasdaq |
| 916 | 1054 |
| 909 | 1048.50 |
| *903* | **1045** |
| 898 | 1034 |
| 889 | **1021.50** |
| *883* | 1014.75 |
| 879 | *1012* |
| 865 | 995.50 |
| *861* | 979 |
| Â | 966.25 |
As always, feel free to send me your comments and
questions.