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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0730.ET
World and  US Markets/Futures are mixed-Flat.
QQQQ/SPY are currently Trading at 44.63 / 110.17 . . .
QQQQ is outpacing SPY again .. especially with the good HP numbers out.
The US-Dollar is Up Strong overnight to well over 80 now.

The Opening will depend heavily on the Big BMO Reports due out. . . . the Markets are a little Over-Bought now, so I wouldn’t be surprised by a small pull-back today . . . an Up day would bode well for the Bulls.

There are lots of Big Economic Events out today.. starting at 0830.ET

NOTE: . . Subscribers .. please check your PayPal email for your new account specs to the new Members’ area.

AMC Commentary

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Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0745.ET
World Markets are Up Big and  US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 44.47 / 110.41
The US-Dollar is Up to just under 80.

It’s looking like we’re heading for an Up Opening .. but we still have big news out at 0830.ET that could easily change that. . . . However, it is key to note that the Bullish enthusiasm from yesterday IS spilling over into today .. so I recommend not to Open any Down positions today .. unless we see a major turn Down of events.

There are Big Economic Events out today.. starting at 0830.ET

AMC Commentary 

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0715.ET
World Markets are Mixed-Flat and  US Markets/Futures are Down larger than usual.
QQQQ/SPY are currently Trading at 43.38 / 107.43
The US-Dollar is Up Big .. well above 80.5 now.

It’s looking like we’re heading for a Down Opening .. but we still have big news out at 0830.ET that could easily change that. . . . However, it is key to note that the Bullish enthusiasm from yesterday is not spilling over into today .. we’re seeing weakness early on in pre-market … and even in Gold (1081), where the 1080 level is key Support.

There are several Big Economic Events out today.. starting at 0830.ET

AMC Commentary 

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0800.ET
World and  US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 43.11 / 107.11
The US-Dollar is Down slightly .. hovering at 80 now.

I’m looking for a small rise at the Open … with ST Resistance levels at 43.30, 43.40, then 43.5x . . . rising and Holding above that would be very ST Bullish. . . . Look for Reversal Signals at each of these Resistances on the way Up as Bulls showing their weakness .. but don’t necessarily jump on the Bear wagon unless you have a Strong Down Signal or you are Trading a VVST move.

There are Economic Events out today.. with the biggest one at 0830.ET

AMC Commentary 

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0800.ET
World and  US Markets/Futures are Up nicely.
QQQQ/SPY are currently Trading at 43.16 / 107.16
The US-Dollar is Down .. just under 80 now.

I’m looking for a small rise at the Open … with ST Resistance levels at 43.30, 43.40, then 43.5x . . . rising and Holding above that would be very ST Bullish. . . . Look for Reversal Signals at each of these Resistances on the way Up as Bulls showing their weakness .. but don’t necessarily jump on the Bear wagon unless you have a Strong Down Signal or you are Trading a VVST move.

There are several small Economic Events out today.. with the biggest one at 1000.ET = Bernanke is testifying.

AMC Commentary

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Here’s what I see for Trading the rest of this week:

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0730.ET
World Markets are Down Big and  US Markets/Futures are near Flat . . . Nasdaq slightly Up while the other big indices are slightly Down.
QQQQ/SPY are currently Trading at 42.74 / 106.22
The US-Dollar is Up over 80 now

I’m looking for a small Drop and then a Bounce Up today . . . totally dependent on the Employment Report BMO this morning.

There are several Economic Events out all day.. with THE Big one at 0830.ET

0845.ET
The Employment Report came out within the expected wide range . . but the Unemployment Rate came out below expectations (manipulated of course) . . .
SO … I think we will get our Bounce today that I’ve been predicting  .. but I will probably let it run Up and then start Opening Down positions … the jobs created was negative and the overall economy is still not looking too good.
QQQQ will probably go Down to the level I posted for subscribers last night at some point . . either before the Bounce, or after a run higher Open . . . either way, I will be Shorting rallies.

AMC Commentary 

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Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0730.ET
World Markets are Down 0.50% – 2.20% and  US Markets/Futures are Down some as well.
QQQQ/SPY are currently Trading at 43.81 / 109.60
The US-Dollar is Up to 79.80 now

The Markets are Down nicely now as I predicted yesterday on our Public Message Board (when I bought QQQQ PUT options). If not already registered there (FREE), go ahead and do so .. then look for posts by “blasher”.

Look for retests of yesterday’s highs . . . subscribers, use the key-levels I posted in this past Weekend Analysis Commentary. . . . the failures or successes of these retests will give us signs of future direction.

There are  Economic Events out all day.. with a Big one at 0830.ET

AMC Commentary 

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BMO Commentary

Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0730.ET
World Markets are Up and  US Markets/Futures are Up slightly.
QQQQ/SPY are currently Trading at 43.60 / 110.27
The US-Dollar is Down to 79.0 now

I am expecting at least a small rise today before key-levels will be tested . . . . Refer to last night’s AMC Commentary and to my Weekend Analysis Commentary for more details of my Trading Plan this week.

There are  Economic Events out all day.. with a Big one at 0815.ET

AMC Commentary

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Go through the Morning Checklist to see how the Markets are currently doing and what Economic Events may affect the Markets today.

0740.ET
World Markets are Up Big and  US Markets/Futures are Up some.
QQQQ/SPY are currently Trading at 43.39 / 109.49
The US-Dollar is Down slightly … but well over 79 now

I’m expecting a Down day . . Up some in the early morning, then Dropping lower . . . . Refer to my Weekend Analysis Commentary for more details of my Trading Plan this week.

There are  Economic Events out this morning .. starting at 0745.ET with a Big one at 1000.ET

AMC Commentary

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