…a day’s trading…
11:57am
…DOW -31… 7 people in my trading room…that is 6 more than possible to think…they will be gone at 1:00pm…back then…
1:40pm
…DOW +14…very little to work with today…I was on the prowl for a short, but the steam has to pick up some to get involved this afternoon…
9:08am
…Thursday..
11:36am
…DOW +28…kids are home from school…take my money now MR. Market, because if I wait you will take my mind, money and TIME if I trade through the summer…and my parents are visiting, and my wife is still working at school this week…I’m sure my keyboard will take a beating soon…
9:26am
…there are no real sellers in this market right now…which makes intraday buying much more difficult than just a month ago…but the market could certainly go higher still, but the intermediate trade looks like it will pay to be a seller to make the easier money…I will still be looking for the buy, but for weeks now, the rallies have run into a lack of selling to fuel buying…
…today is not set up early for much of anything…
1:41pm
…DOW -57…a recent 30 drop in the DOW has been the only excitement of the day which started looking likely nothing, and has stayed that way all day…today doesn’t confirm yesterday but it hasn’t hurt it either…and Tuesday never quite made the leap I was looking for…
2:25pm
…DOW -126…this is the exact opposite of what longs would be looking for at this TIME…that may not be your trading idea, but recognize that it is on the mind of short term traders…S&P 900 needs a better showing soon…but i will give it until weeks end to flex some more muscle…I think the S&P is going to roll over into June and July…
2:52pm
…DOW -96…today’s action looks like the floor traders are running this market wherever they want…they will take my $$ if I play with them…they are quicker, smarter and more powerful than any trade idea I may have today…tempting looks this afternoon, but I’ve been here before…
9:20am
…Welcome back Mr. Market…we missed you..
10:01am
…DOW +62…really strong look this morning…
10:17am
..DOW +139…remember last week when i spoke about watching for a 300 point range move in the DOW …today will be that day.
…here is the entry from 5-15-09…
1:06pm
…DOW -43…more work to do on the downside in the early afternoon…a nice rebound would be an entry for that short…but overall the action has been very dull this week…watch for the next 300 point day move…it will leak the markets direction…
…not 300 points on the close, but a move of 300 DOW points intraday…
10:25am
11:47am
…DOW +173…S&P at 905…903 is the 2008 close…the SPY is at 90.92…still has 92.00 as a target for the day and this may be the 300 points that signal the market direction for the near future…I’ll have to jump long
12:42pm
…DOW +178…so far, no really any pullbacks to even observe…may not get one, but I will continue to wait until after 2:00pm…even the :15 down periods are very strong…
2:07pm
…DOW +210…no trade chances for RAZOR so far…and this is practically a run away market…
2:34pm
…DOW +204…the next 5 minutes will tell a lot about the S&P 500…SPY at 91.40…
2:58pm
…DOW +191…and in some spinning down…3:30pm will be my last, and least wanted, TIME to jump a trade into the close…
3:02pm
…DOW +184…this last hour should give a great glimpse into the real strength of this move…so far it has been a extremely solid strong bullish move…but it needs a defense move…
3:30pm
…DOW +172…the best chance of the day for the SPY would have been 3:30pm…but it wasn’t…and I won’t…too bad, today could have been the start of a beautiful move up, but that is now in large question…I’ll be a spectator into the close…
9:25am
…not a very good setup early, I’ll be back soon…
11:14am
…DOW +68…S&P at 895…I would need to see the S&P up past 900 to get excited about a trade today…Monday markets are closed (boo)…so the action will slow…
12:28pm
…DOW +38…big decision TIME is being spanked to the downside some…holiday trading starting to kick in…
1:44pm
…DOW +40…over an hour and very little has changed…the days highs have been pushed, but not yet cracked, but they are still holding the area around S&P 892 pretty well…
2:09pm
…DOW +49…here is the chance to take off higher, but it is not taking hold…just a few more minutes to start something decently big…SPY at 89.62…can’t go much lower and still be ready to go…
2:15pm
…DOW +43…the downside still has life, although the long is what I have waiting for …but neither is giving up much…
2:49pm
…DOW +57…now may be the TIME…took a shot
…TRADE BUY SPY @ 89.68…at 2:38pm…
3:10pm
…DOW +62…now we may be in business for a little run…but with a Target…no free run here…not enough during the day to hope for a big finish…SPY at 89.90…looking for 90.20…
3:12pm
…next 2 minutes matter..keep it going!…
3:18pm
…couldn’t do it…SELL SPY @ 89.72 at 3:18pm…see you Tuesday…
