Trading signals update

Economic data is better than expected, selling will be high risk
Avoid selling especially if it breaks above resistance

Resistance @ S&P 500's 1870

Resistance @ S&P 500's 1870 is stronger than support @ S&P Futures' 1860, sell instead of buying for now

Not safe to buy S&P 500

Not safe to buy S&P 500 yet as it broke below 1880

Abandon "Sell S&P 500 @ 1880"

Abandon signal to sell S&P 500 @ 1880 today as NFP is better than expected
Look forward to buy S&P 500 above 1880 instead of selling, although no supports other than 1880 found yet

Trading signals update

Not safe to buy anymore after FOMC Member Plosser's speech
Buying will be at a higher risk

Sell S&P 500 @ 1850 update

S&P 500 broke above 1850 & hit a new record as expected, but resistance @ 1850 still remains strong for now as it's dropping further below

However, it might try to break above 1850 later again

Stock market update

The World Bank expects global economic growth to accelerate in 2014
Bank of America's profit jumps to nearly $3 billion
Most economic news are better than expected, market trend is still bullish

Therefore possibility for S&P 500 to hit a new record later today is increased
Sell S&P 500 @ 1850's risk increased, avoid selling or trade at higher risk, especially if it breaks above 1850

"Buy S&P 500 @ 1830" update

S&P 500 also broke below 1830, "Buy S&P 500 @ 1830" signal invalid & not safe to trade
However, we still expect it to be able to go above 1830 before/after 2am EST's Federal Budget Balance, which is expected to be better than previous
Avoid trading or trade at a much higher risk

Sell S&P Futures @ 1832

S&P Futures broke above 1830 resistance & went higher after slightly worse than expected economic news
Stronger resistance @ 1832-1834
Sell S&P Futures @ 1832 if it stays below & drops further, for less than 30 minutes expiration

Not safe to trade for now

S&P Futures failed to stay above 1832, wait for it to stay above 1830 or 1832 & go higher before buying
1830 (S&P 500 @ 1836) support also at risk, not safe to trade for now, unless it reverses current downtrend, stays above & goes higher

Not safe to trade for now

Most trading signals invalid after stock market opened @ 9:30am EST, weakened by worse than expected Unemployment Claims
All supports broken, not safe to trade for now

Wait for ISM Manufacturing PMI at 10am EST to see if the market stabilizes
Trading will be at a higher risk today
Sell S&P 500 @ 1842 if it reaches & drops further again, for 30 minutes expiration

Stock Futures update

Stock Futures weakened & dropped further after worse than expected Unemployment Claims, trading risk increased for buying as it's weak for now & might break below supports

Other economic news will also affect it later

Stock Market update 2

S&P Futures found small support @ 1839 (S&P 500 around 1844.5) & is trying to stay above 1840 (S&P 500 around 1845.5) & go even higher

Stock Market update

New possible resistance @ S&P Futures' 1840 (S&P 500 around 1845.5)

S&P 500 update

S&P 500 support @ 1840 broken, S&P Futures possible support @ 1835.45 & 1835.0 also broken
Economic news worse than expected although better than previous, stocks should be quite weak today
Buy S&P 500 @ 1840 became invalid & not safe to trade

Sell S&P 500 @ 1842 & 1844 or S&P Futures 1837 & 1839

S&P 500 retested yesterdays' resistance @ 1842 but failed to stay above & dropped further
S&P Futures' value changed compared to S&P 500, S&P 500's 1842 now = S&P Future's 1837 (previously 1836)
We also mentioned earlier that S&P Futures built strong resistance @ 1839= S&P 500's 1844

High risk:
Sell S&P 500 @ 1842 & 1844 or S&P Futures 1837 & 1839 if it stays below & drops further again
Risk: Stocks might suddenly break above & go higher again, but looks weak for now, support remains at S&P 500's 1840 although slightly broken & weakened
Trading continues to be riskier as stocks are trying to go higher but facing strong resistances

S&P 500 update

The stock market is weaker than expected in the 1st 30 minutes, but S&P 500 still remains above 1837
Trading risk increased, small resistance @ 1838 getting stronger, avoid trading to be safer if it cannot go higher or trade at higher risk

S&P Futures update

US economic data were only in line with expectations, personal income slightly worse than expected
Stocks should pullback for now
S&P Futures building more resistance @ 1823.65

S&P Futures update

S&P Futures is staying above 1777 & trying to rebound & go higher

S&P Futures update

S&P Futures broke below possible support @ 1808.65 after slightly worse than expected economic news (NFIB Small Business Index) at 7:30am EST
Next possible support @ 1805, 1806.65
S&P Futures looks weak for now & might even drop further, not quite safe to trade
Buy at a higher risk or avoid trading for now