Morning Thoughts 12/15/10

AdamAdam Grimes's blogsLeave a Comment

When thinking about your market view, it is important to be very clear on your timeframe.  As most of us know all too well, it’s very common to be right on one timeframe, but to lose on the timeframe you’re trading.  From a longer-term perspective, there is a very high probability that this market is a buy for at least … Read More

Morning Thoughts 12/10/10

AdamAdam Grimes's blogsLeave a Comment

For the equities market, there are three scenarios I am considering today.  In decreasing order of probability: 1. The S&P will hold this range (looking at 1233 on the futures) and stay in consolidation all day.  Normally, I would say there is a 70% chance of this happening due to the Rusell 2000 and other mid/small cap indexes which are … Read More

Morning thoughts 12/9/10

AdamAdam Grimes's blogs, General CommentsLeave a Comment

Good morning traders, The S&P 500 is still dealing with important resistance, which is not a clear level but a rough zone from 122 – 123.60 on the SPY.  Though we are above that this morning, this is a large zone and we cannot expect a clean break.  The Russell 2000 index (see IWM) is still potentially overextended and vulnerable … Read More