Fed tapered QE to $75 billion

The Fed started a small taper, reducing QE from $85 billion to $75 billion per month, based on improved job market outlook

China Mobile still negotiating with Apple

China Mobile said it has not signed a deal with Apple & they're still negotiating, commenting on the report that Apple signed deal with China Mobile
“We are still negotiating with Apple, but for now we have nothing new to announce"
Apple's stock weakened but support should still be strong
Trading risk increased for buying Apple

Buy S&P 500 @ 1805

Breaking news: Financial data firm Markit said that US private sector activity rebounded in November after slowing in October, while new orders grew at their fastest pace since April 2012

Trend changed, S&P 500 broke above 1805 again (previous signal "Sell S&P 500 @ 1805" is invalid), possible to rebound & go higher on this news

Buy S&P 500 @ 1805 or 1806 (higher risk) if it stays above, for 30 minutes expiration

Abandon "Sell S&P 500 @ 1790"

Breaking news: Senate Banking Committee votes 14-8 in favour of Janet Yellen nomination, stocks went higher & should stay above 1790

"Buy S&P 500 @ 1790" is already a win
S&P 500 should not drop below 1790 anymore, but just in case it does, abandon "Sell S&P 500 @ 1790" as it might just drop below then go higher again, unless there's another negative news for stocks

Fed's Bullard said that there's possible tapering in December

Stocks fluctuated due to comments by Fed's Bullard
"Jobs picture looking better"
"Strong employment report in December would increase prospects for a December taper"

S&P 500 dropped from 1796 to 1789 & rebounding above 1790 now

Billionaire Carl Icahn bought more Apple stock

According to the letter Carl Icahn sent to Apple, he increased his investment in Apple by 22% to 4.7 million shares & asked for a $150 billion buyback

He also said that he wouldn't sell his stocks & take profits after that
Apple jumped from 524 to 530
We already issued signal to buy Apple @ 524 earlier

Billionaire Carl Icahn sold Netflix's stock

Billionaire Carl Icahn sold half of his stake in Netflix, Inc. (NFLX) for profit taking today, just after Netflix broke record & reached a new all-time high
He tweeted that at 5:14pm EDT, after market closed & might be responsible for pulling Netflix's stock down earlier today when we issued signal to sell Netflix
Netflix is down further to 314.5 in after-market trading from 322.52 closing price & might drop more tomorrow even if it's oversold

QE tapering might be delayed until next year

Breaking news:
Fed Evans: Most likely outcome is Fed takes 'a couple of meetings' to assess data before adjusting bond buys

This indicates that QE tapering might be delayed until next year
S&P 500 rebounded around 1726 after dropping from 1730
Although it's still possible to buy S&P 500 hoping that it'll target 1730 again, there's no safe supports to buy yet & might drop again if resistance is strong
Medium risk trade would be buying S&P 500 around 1726 for 30 minutes expiration but we prefer to trade using supports & resistances

US has enough votes to end government shutdown

U.S. House passes legislation with 285 votes (216 votes needed) to end government shutdown & raise the debt limit, and the bill now goes to President Obama to become law, which he'll sign immediately

Abandon Buy S&P 500 @ 1710

Abandon Buy S&P 500 @ 1710

Breaking news: A House Republican aide says no decision yet by House leaders on accepting to Senate plan

Breaking news keeps changing the market's direction, not quite safe to trade anymore

Buy S&P 500 @ 1710

Buy S&P 500 @ 1710 if it stays above, for 30 minutes expiration
Breaking news: Boehner has agreed to take up the Senate's plan and allow it to pass with Democrate's votes

Fitch Ratings placed USA on Rating Watch Negative

Fitch Ratings has placed USA on Rating Watch Negative on the high risk that US authorities will not raise the debt ceiling in a timely manner before 17 Oct

Breaking news: President meeting @ 3:15pm

Breaking news: At 3:15PM the president will meet with members of the House Democratic Leadership
S&P 500 rebounding @ 1704
1710 still a possible resistance if it's not broken, but the risk is higher now
It would be safer not to trade it

Sell S&P 500 @ 1710

Sell S&P 500 @ 1710 for 30 minutes expiration if it stays below
Breaking news: Meeting between US President Obama and Congressional leaders postponed
Stocks should drop more & might even break below 1700

Breaking news: debt limit hike, end to shutdown

Breaking news: House GOP offers debt limit hike, end to shutdown in package with spending cuts
Although Obama has not accepted the offer, stock market spiked up
Buying S&P 500 @ 1694 according to our previous signal should be enough as the market might plunge if Obama rejects it again
A higher risk trade would be buying below 1700 again, hoping that it'll reach 1700, but not recommended due to lack of supports