SPY and GE - Update

GE is in a wide trading range, that could a nice pick'em a go play. Attempt to retest the 18.90 and 18.50 level again, but three times, could it be a charmer.














SPY cleared for the downside move and may cont. pattern on Monday, as Greece will have the bailout info this weekend, maybe. Will have to see if this will be the start of some needed correction in this market. We normally, have been getting 8% pullbacks. Market still will test 118.25 support level, which is still key level . . .

SPY - Update

This weekend will about how the International Bailout plan works out. Appears on this 60 minute chats we are consolidating in the Apr 16; drop zone. May will be other opportunities . . .

GE - Updated

Price action is on a cont. pattern and will have to see what May will bring for this market. However, on this 60 minute chart we are in a sideways trend.

GE - Updated

GE cont to the upside and should run into resistance at the green line, so look for a possible reverse of trend in this area. Banks lead the markets down and will have to see how this will effect this stock in the short term.

UpComing Earnings

GE - Update

Steady as she goes, GE appears to be in uptrend movement with the daily chart. See notes on chart. Key here is for the stock to stay within the Apr 16th - Red Candle, as it appears it is trying to work off. first attempt was on Apr 20th; pulled back and is appearing to 2nd attempt.

Key Notes:
16-Jul-10Earnings announcement

Key Price Points:

15-Apr-10	Price hit new 52-week high ($19.69)
14-Apr-10	Price hit new 52-week high ($19.40)
13-Apr-10	Price hit new 52-week high ($19.13)

Target Order Filled - SPY

SPY filled its target on this trade. Markets are still looking, weak. Greece for the weekend and Monday morning.

Intraday - SPY (Updated w/EOD)

SPY EOD closed pretty good. Do we have stronger Friday or another mishap.


























Looks pretty good for a run to the EOD.

SPY 60 and 10 Minute Charts

Whee, bounce, Whee - Hum. It appears we are trying (attempting) to recapture the 120 level. As you can see it part of the Apr 20 gap fill. Poss. short here ?!!?.

SPY - 60 Min.

EOD for the SPY 60 min Chart.















"Sell in May and Go Away" Hummm. Greece is back in the news with GS news on the move. This is a 60 Minute chart of the SPY. Market are floating today and will have to see about the next two days. Earlier we recover all of Friday's dip, however, it is currently being giving it back slowly. USD is a runner vs. SPY dipper.

SPY - Updated InterDay Thoughts

We got a nice bounce off the 18 MA on the daily and looks like we may cont. to recapture the Friday down day (GS news). As, there is no real moving EcoNews this week. Congress, was boring and the ex-CEO of Lehman was trit and very boring . . .

SPY - Updated

What appears on the 10 and 60 min charts that the SPY has made a higher low and may cont., retest the $120 - $121 level negating the bear flag pole for now. SPY $118.25 would been a big test for the markets. GS drop to the low of Fri of 155 and climbed to higher ground in front of its earnings tomorrow. School yard rules for Govt vs GS., Fin reform . . .

No much in terms of EcoNews, so back the the USD/PPT moving the markets . . . We believe the earnings bar has been set pretty high and only time will tell.

Google - Missed w/ Moblie and China #'s

This an AH chart for Google. Drop of 17 plus points to the down side, GOOG was up most of the day and then the skies opened up . . .

Opening Watchlist

Looking for a bounce in DNDN, appears that DNDN is trying to close a Gap and Fill from a couple of days ago.

LVS

Morning Futures - Watchlist

Current Watch for April 09, 2010:

EOD Trading

Horse Players

Track Horse Bet Payoff Paid
Aqueduct - 6 6 Chromospere $2.30 $28.75
Keeneland - 6 Captin Canuck $0.00 ($25.00)
Aqueduct - 7 9 Grace And Courage $2.90 $36.25
Aqueduct - 7 7 Fiona Storm $2.30 $28.75
Keeneland - 7 8 Grassy $3.20 $40.00
Aqueduct - 8 5 Telemachus $0.00 ($25.00)
Keeneland - 8 5 Witty $0.00 ($25.00)
Total $58.75
Total Inv. $150.00
ROI 39.17%

Mid Afternoon- Update

AMD Advanced Micro Devices Inc. 9.66 9.4 -2.69%
MS Morgan Stanley 30.02 30.71 2.30%
AUY Yamana Gold, Inc. 10.68 10.57 -1.03%
ABX Barrick Gold Corporation 40.7 40.84 0.34%
GG Goldcorp Inc. 39.87 40.01 0.35%
HGSI Human Genome Sciences Inc. 32.35 32.67 0 .97%
FSLR First Solar, Inc. 126.6 125.93 -0.53%
GOLD Randgold Resources Ltd. 83 82.48 -0.63%

Morning Fututres - Snapshot

Looks like we are heading lower this morning. Initial Jobs Claims in about 20 min will be announced.

AMD	Advanced Micro Devices Inc.	Technology	9.66
MS	Morgan Stanley	Financial	30.02
AUY	Yamana Gold, Inc.	Basic Materials	10.68
ABX	Barrick Gold Corporation	Basic Materials	40.7
GG	Goldcorp Inc.	Basic Materials	39.87
HGSI	Human Genome Sciences Inc.	Healthcare	32.35
FSLR	First Solar, Inc.	Technology	126.6
GOLD	Randgold Resources Ltd.	Basic Materials	83