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Nov. 15, 2010 Analysis: Friday's Analysis predicted that "retail sales will further boost investors' confidence." Today the October Retail Sales increased 1.2%, supporting the market for most of the day. However, the market erased the gains later due to the strengthening Euro and settled...

Nine_Ender, Thank you for sharing your thought. As my trading style, I will not wait to see the market having 100% confidence in any level of support or resistance before placing a trade because by that time the potential profit may have already shrunk too much to be worth the trade. Thanks...

Nov. 12, 2010 Analysis: Yesterday's Analysis predicted that "the Consumer Sentiment will not increase surprisingly, and that "the market will continue to drift lower to find a near-term support level." Today the Consumer Sentiment was 69.3, slightly higher than the consensus of 69.0, and...

Limit order to buy at 1,197 filled overnight

Nov. 11, 2010 Analysis: Yesterday's Analysis predicted that "the market will drop to find a support level upon Cisco's disappointing earnings guidance." Today the market dropped towards 1,200 before closing five points lower. Looking ahead to tomorrow, the Consumer Sentiment will not...

Nov. 10, 2010 Analysis: Yesterday's Analysis predicted that "the International Trade Deficit for Sept. will decrease sharply due to a weak dollar and, along with the Initial Jobless Claims below 450,000, will further boost the dollar against the Euro," and that "the market will attempt...

Short stopped out at 1,205

Nov. 9, 2010 Analysis: Yesterday's Analysis predicted that "the market will continue to drift downwards." Today the market settled almost 10 points lower. Looking ahead to tomorrow, the International Trade Deficit for Sept. will decrease sharply due to a weak dollar and, along with the...

Nov. 8, 2010 Analysis: Friday's Analysis predicted that "the market will consolidate with a bias towards 1,200" after being weighed by "the weakening Euro due to peripheral European nations' debt woes." Today the market traded in a seven-point range that never closed the gap from...

Nov. 5, 2010 Analysis: Yesterday's Analysis predicted that "the market has become over-bought and will find it hard to march higher." Today despite impressive employment increases in Oct., the market edged a few points higher in a range day. Looking ahead to next week, the market will...

Nov. 4, 2010 Analysis: Yesterday's Analysis observed that "the fact that the market did not sell off in the wake of the Fed QE2 sets up the stage for a further upward movement," and predicted that "technology stocks led by Qualcomm and industrial stocks led by automakers will propel the...

Offset long at 1,213; got short at 1213.5.

Nine Ender, Thank you for contributing your analysis. You stated that "technically we're not busting 1200 despite repeated attempts." I am not able to draw the conclusion that 1,200 is a resistance other than that it is a round number, so I am not able to predict a market reaction below...

Nov. 3, 2010 Analysis: Yesterday's Analysis predicted that "the Factory Orders will be healthy, and the ISM Non-manufacturing Index will bring a positive surprise." Today the Factory Orders saw a healthy 2.1% increase, and the ISM Non-manufacturing Index was better than consensus. The...

Nov. 2, 2010 Analysis: Yesterday's Analysis predicted that "the market will cautiously move higher, as the expected mid-term election results will weigh on the dollar." Today the dollar continued to depreciate against major currencies, and the market moved higher. Looking ahead to...

Nov. 1, 2010 Analysis: Friday's Analysis predicted that "whether any upward move by the market will have any legs is somewhat doubtful, and such a market sentiment will result in a fading rally due to profit-taking." Today the market initially rallied on an upbeat ISM Manufacturing...

Oct. 29, 2010 Analysis: Today's Q3 GDP and Consumer Sentiment came in tepid and failed to lift the market, so the market finished flat. Looking ahead to next week, the ISM Manufacturing Index will confirm the ongoing economic recovery at a slow pace, and both a Republican-controlled...

Oct. 28, 2010 Analysis: Yesterday's Analysis predicted that "the Initial Jobless Claims will drop below 450,000." Today the Initial Jobless Claims came in 434,000, and the market rose slightly upon close. Looking ahead to tomorrow, the Q3 GDP will be at least 2.2%, as the international...

Oct. 27, 2010 Analysis: Yesterday's Analysis predicted that "the Durable Goods Orders will bring a positive surprise, as the demand for manufacturing equipment from overseas remains robust, and the New Home Sales will rise from historic low to at least 305,000 units in light of concerns...

Oct. 26, 2010 Analysis: Yesterday's Analysis predicted that "the Case-Shiller Housing Price Index will rise only marginally, and Consumer Confidence will also rise above 50, albeit still at a depressed level." Today the Case-Shiller Housing Price Index rose 1.7% from a year ago, and the...