Sorry I haven’t posted much this week I have had some personal issues to deal with and time was short, nothing serious just normal stuff. True be told though I didn’t really have much to say. We just continue to melt up on moderate volume and in tight ranges. The range yesterday in the SPY was .77 and today it was .70.


Market rumors of a discount rate hike in the US put a bid in the dollar today and that helped to weigh heavily on the commodity sector today. OIH, DIG, UYM and XME were among the weakest ETF;s on my platform today. Transports (thanks FDX) XLV and UUP were among the strongest.

Watch out for things like this as the market gets more extended and nervous traders try to get things to go their way.

Tomorrow is quadruple witch and I traditionally do very little trading on this day because there is usually too many programs and to little edge.

I have a few ideas for tomorrow they are all breakout longs except for one short. Considering how extended and sloppy this market is these alert levels could easily be used as targets or as a place fade the move on a failed breakout. However I would encourage you to be more picky than usual tomorrow. The volume can be deceiving because of the options expiration.

alb 43 long

cat 60.5 long

de 60 long

dgx 58 long

jbl 18 long

mfe 42 long

fls 108 long

ntrs 56 long

trw 28 long

vrsn 27.07 long

gdx 47 long

swn 40.5 short