Ugly

As I warned here last week when the market moved up in the pre-fed days it all ended soon, with some stabilisation coming in yesterday. We are sitting near support levels again in the SPY and sooner or later we will break through imo. Right now, I don`t feel its much of a friendly environment out there for traders like me, and you`ve got to be extra careful in order to stay profitable or at least in the business. My guess is 2009 won`t get any better for us, however hopefully I am wrong and we will get a nice environment for trading. According to all that, I don`t have to many to watch today, mainly keeping ISRG above 107 in my mind for a possible trade. GOOG had a decent run in the last weeks and might go a bit more far, so I will keep looking for possible entries if markets going up today. However, most charts are just looking ugly and so is my feeling on this market, we will retest - sooner or later.