Daily Stock Market Equity and Options Trading Commentary

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Wednesday, June 30, 2010

Held Some Major Support on the S&P 500

Traders, we held 1040 as you probably know from all of the talking heads on TV. Tomorrow should be interesting and should let us know if we will get any bounce higher. I believe we can bounce as high as 1130-1150 on the S&P 500 before we know where we could be going. A break and close on heavier volume below 1040 is bearish, and a break and close above 1130 on heavier volume is bullish. Sphere: Related Content

Monday, June 28, 2010

Into Copper Futures with a Tight Stop Loss

Copper futures continue to look good to me. Setting stops at $3.05 with open profit take. Also looking at Freeport-McMoRan Copper & Gold Inc. (FCX) and the SPDR S&P Metals and Mining ETF (XME). Sphere: Related Content

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