Bubba’s Take »
The techinical level Wall Street is focusing on right now… and how to play it
As I told my Trifecta traders 2 weeks ago (Trifecta is my weekly group call and short term stock picks), the most important level to watch was 1,200 on the S&P 500. I told
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Wall Street Falls After Ireland Receives a Bailout
Markets in Europe and the United States fell on Monday as the initial enthusiasm over a plan to bail out Ireland gave way to concerns that the sovereign debt crisis in Europe could spread
Read More »My Commodities Interview
Last week, on Tuesday November 9th, I wrote to you that I saw major problems brewing in concerning European sovereign debt. I hit this issue spot on, when many traders did not, and since
Read More »A significant move in the stock market is on the horizon, but which way will it be?
After almost two weeks of the S&P 500 hovering at 1,150 and the Dow Jones Industrial Average (DJIA) at 10,850, it seems like a significant move higher or lower is over due. There is
Read More »S & P commentary – September contract
The strong up move from the daily ‘triple’ bottom lows at 1037.00/1-1037.25 allowed for this move back to the 250 daily moving average at 1097.85. We think this market will find strong resistance in
Read More »Busy Mornings
Some mornings are busy, others are quiet. We’ve had three relatively busy mornings in a row now. Wednesday opened with a big pop Wednesday, which set off some trades we had on the radar.
Read More »S & P 500 September Contract
A rebound from the 1037.50 lows developed in early Tuesday trade. But the failure to develop any upside strength above the 1055 resistance resulted in a slide back into support above the 1040 area
Read More »S & P 500 – September Contract
Friday’s upside strength has allowed for a test of the 1069/72 resistance early this week. But overall the S & P remains locked in a wide trading range on the daily and weekly charts.
Read More »S & P 500 September Contract
Overall, the S & P remains locked in a wide trading range but the close below 1062 has registered a new low at 1037.00. This developing rebound should find strong resistance at that 1062
Read More »S & P 500 September Contract
The S & P continues to be locked in a wide trading range below the near term ‘double top’ at 1098.00/98.50. Friday’s trade again saw the bears test the 50% area at 1065 and
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