TIME | ALERTS | |
23:05 | Republican lawmakers delivered a stinging rebuke to their leader, House of Representatives Speaker John Boehner, on Thursday when they failed to back an effort designed to extract concessions from President Barack Obama in year-end "fiscal cliff" talks.
S&P 500 stock futures fell 1.6 percent while Dow Jones stock futures and Nasdaq futures both lost 1.5 percent. At one point S&P 500 e-mini futures were down as much as 3.6 percent.
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19:52 | Trades: -1 -1.25 -1.50 -2.00 = -5.75
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16:01 | Huge spike in volume in the last few minutes.
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15:52 | That H&S pattern didn't form well. Ready to let the market win today.
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15:45 | Thinking about a short at 1436
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15:41 | Back up to the highs for the day.
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15:36 | 5-minute charts is forming a possible H&S pattern. 1434.75 is the line in the sand. Watching for a break below.
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15:20 | Market has beat us up today. It could fall like a rock in the last 30 minutes, and if it does, I may go short, but it will have to look pretty ugly for me to put on another trade. Sometimes you just have to admit the market won the day.
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14:49 | Stopped out @ 1437.75 [-2] miserable day.
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14:44 | Chart update
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14:38 | 2-minute chart is forming a H&S pattern.
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14:26 | In @ 1435.75
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14:25 | Sell 1435 - Stop 2 pts
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14:19 | Looking like it will turn down. Waiting for some confirmation.
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14:18 | Hard to call the trend. Short term is down, long term is up.
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14:16 | Chart update
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14:15 | RV @ 2:20 level 3
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14:12 | RV @ 2:20
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13:42 | Manditory timeout here. Something is not working right today. It is 1:45 pm and we have not seen 1 reversal today. I am standing. aside.
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13:40 | Out @ 1435 [-1.5]
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13:37 | Chart update.
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13:19 | Boehner speaking.
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12:52 | Sideways market. The ES dropped out of the pennant, came back to touch the pennants bottom line, and has gone sideways since. Still have my Stop at 1435.
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12:11 | Harry Reid to speak soon. That can't be good.
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12:03 | Something to do while waiting for the market to move: http://www.youtube.com/watch?v=pLgJ7pk0X-s
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11:47 | 15-minute candle finished up. Could revisit the 1433 area.
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11:43 | Funny that there have been no reversals indicators yet today.
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11:31 | If the current 15-minute candle finishes down, chance of a sell-off increases.
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11:28 | Price @ 1430
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11:26 | Good, we are breaking to the downside.
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11:22 | Chart update. Pennant forming which is an indicator of a move higher usually.
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11:06 | In @ 1434
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11:06 | One last try. The 1435 stop has held all day.
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11:06 | Sell 1433.50 - Stop 1435
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10:46 | We went back up to the highs.
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10:45 | Stopped out @ 1433.50 [-1.25]
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10:30 | Look for a move down to 1427
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10:27 | In @ 1432.50 Original Stop at 1435 has held.
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10:24 | sell 1432 stop 2 points
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10:13 | If resistance holds, we short again.
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10:12 | R @ 1434.50
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10:10 | Chart update
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10:09 | Out @ 1433 [-1]
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10:01 | Second level of support is holding. Should be breached in the next 15 minutes.
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10:00 | stop 1433 - move it
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09:58 | Price 1429
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09:53 | Could see a pull-back to the 1433 level. Keep your Stop at 1435 so we can ride this out.
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09:48 | BTW - Bearish Harami Cross on the chart at 9am.
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09:46 | Chart update
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09:46 | Support failing on most indices. Holding on the ES.
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09:40 | Support at 1430. Waiting to see what happens.
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09:29 | Sell 1432 - Stop 1435
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09:19 | Good Morning!
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