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Saturday, February 13, 2010

SPX brief update - 1.14.10



I've become increasingly bearish on the SPX. Doing some more intense inter-temporal analysis with multiple indicator confirmations. A short term whipsaw to the upside maybe more minimal than i thought. 1100 presents significant downside risk. I still maintain my bearish stance across short mid and longer time frames.

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I will elaborate on later posts.

In the mean time...

Happy Valentines Day and Happy Lunar New Year!

Wishing everyone much Love, Good Health, and Lots of Luck

-Analyze Capital

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Alexander Lê
Managing Partner
Analyze Capital LLC
email:le.alex48@gmail.com
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3 comments:

  1. P_AmbrusFebruary 14, 2010 at 11:07 AM

    Thanks...I tend to agree with your assessment from a fundamental standpoint...equities are overbought.

    ReplyDelete
  2. Alexander LêFebruary 14, 2010 at 2:30 PM

    I spoke to a prop trader at the new years party yesterday. He thinks that if 1180+ is reached we will see beyond 1100. Closer to 1200 area. He is quite bullish on US equities for 2010. Interesting view points out there...

    ReplyDelete
  3. P_AmbrusFebruary 15, 2010 at 2:17 PM

    Wow, Bullish on equities in 2010. I should do some fundamental analysis of the names we like to trade. Also, we need to look at the options action on the S&P

    ReplyDelete

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