Swing Watch List Update

Good jobs data, retail data, and more calming in Europe created a perfect storm for a morning equities gap-up. The SPY didn’t move much today after the initial boom as all of the news was early this morning. Have we created a new base over 135? Is it time for a real breather and gap …

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Watch List Update

The SPY finished today at 131.97, just above sma50 at 131.92. That’s too close for comfort for me. After this week’s move from the 126 range to almost 132, I can’t help but wonder if we’ve run too far, too fast.. and the timing bothers me: end of the quarter, end of QE, Greece calms, …

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