SPY Targets - Updated

SPY - Daily Update

Markets are in trading range, so far going into Memorial Weekend and Monday's market is closed for the Holiday. Looking forward to some more volatility in June, but we will have to see. SPY on a Weekly basis is still in a downward trend. As, looking at this chart the market may try and fill the gap down left May 20, 2010. Let see what the play will be in the next coming days.

SPY - Updated

Wow!! What a day, "The Shot Heard Around The World". The white line in the sand was tagged again today, with a big bounce off. Off to the races into the closing bell from being down over -20 handles in the SPY to going unchanged, then positive.

Wheee!!

SPY - Updated

SPY - Intra Daytrades

SPY - Updated

Well, we tanked. The White line on the chart, is the White line in the Sand sort of, appears no one wants to be in the market in front of the CPI, CORE CPI, and FOMC Meeting Minutes. This were the USA will start to bounce of around so than not. Thurs, Philadelphia Fed Manufacturing Index, Initial Jobless Claims, then Fri its all about EUR stuff and Options Ex.

SPY

SPY UUP FXE - Updated - EOD

EUR/USD

Humm???

Weekend Update - SPY / UUP Hourly Charts

SPY appears to be completing a double bottom here. Very short-term (?!?) Will have to see where this takes us, as European distress are still a very great consideration for all of us.



UUP appears as a safe haven, as EURO/USD continuation of a downward spinal . . .

SPY/UUP - Hourly Charts Updated

SPY was screaming this morning (smoking hot), to the downside, as the UUP which is a US Dollar ETF was roaring to new highs for the morning. Looks like the we will have some paring to do with the HFT and PPT systems. If the market wants to become flat or slightly down into the weekend. Not?!? There is very good institution selling into the weekend. Will see what they decide to do for this weekend and possible into options exp. week, next week.

SPY - Hourly Chart Update

SPY are bouncing all over the place and it appears 117 is a good deal of resistance in the the near short term. MACD is confirming a bearish downward trend in this hourly chart and institution volume selling for today was awesome . . . Will have to see what the weekend will bring for us. Looking to maybe purchasing a 117 options straddle for Jun expiration. We would like to see a re-fill of the gap that was left behind, but, it will be quite a handful with the government in Wall Street affairs. Or maybe, not.?? Markets do not like uncertainty.

Futures - Bloomberg vs Finvz

Hourly Chart - SPY

Where Do We Go From Here?

Futures Up - US Dollar Drops - Will It Hold There?

At the time of this post the US Dollar is dropping and if it can continue to do so, the morning opening will be pretty big. Per http://www.finviz.com/futures.ashx the US Dollar is at 83.79. We are looking for it to retest the 83.55 level and possibly hold there until morning. Futures are showing a positive outcome for now.

Maybe a trap, as there is no real EcoNews and Mondays are usually flat to low volume trading days of late. Jobless numbers on Thursday and Retail Sales on Friday. It all about the Dollar and Greece. EU has prepared, presented a bailout package this weekend and should also see a boost from it in a short term feel good moment.

MGM & SPY

SPY - Updated

LVS - After Earnings

Earnings were better than analysts had thought, but, what a way to have earnings presentation in a downward market trend. Puts won this round, that the time of this post.

Call

19.00

LJJ100619C00019000

3.40

1.75

Put

26.00

LVS100619P00026000

5.90

1.95