S&P 500

I think short term the S&P is slightly overbought. We will not open new positions here. When we get a pullback we will be looking for long positions for another leg higher.

APH

I like the basing action in the weekly on APH. Longer term this stock is in an up trend. I see possible upside target around 47.00... Need it to break out, then I'll be looking at the pullback...

LOW (possible short)

Here are the top 10 as per S&P500 scan



The following signal longs for today.

S&P update

Well looking over the weekly chart of the S&P500 I see a few things of interest. First notice the longer term fibo. Currently we also have an inverted head and shoulders. This also goes with the 38.2 fib retrace. So I see a bullish tone down to the support (Red line @ 950). I think the bears task is to drop the p's under 950. Bull task to for support off 950 to hold and bounce off support. So a war is on and now we shall see how pans out. I will say I do think it is possible that we are in a longer term retrace in the P's. My reasoning for that mixes both technical and fundamental info.

SPY

This weekly chart suggests bullish tones with a possible S/H/S pattern.

What Home Builders?

Home builder stocks have been carving a nice 40 week base and is trying to break. Despite what I think of the homies The group chart is telling me to possibly get bullish with a qtr size in position.

LIFE (QTR BASE)

Here is a quarterly chart of LIFE. Should this one bust up through the base it will have zero overhead supply. I like it long out of the base. Now should it flounder here then we will have to wait and see.

Here are the top ten RSI percent increase for this week. GR is a live position with 1/2 running. I scaled out the other 1/2 @ 1R.
This pic shows date of entry if one just traded each time a signal hit. This means you blindly buy.

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Current Tec list

NVLS looking interesting over 08/03/09 high. Trade bias is wrong should support crack and price fall back into the base.

Well we are Bullish on from a technical view point.