Date: July 2012: Fuinhaz $SPY morning update for July 17, 2012 | SharePlanner

$SPY doing a similar pattern as yesterday. I just too $CAT long @ 80.29. Stock spiked, and I set my stop @ b/e now. Maybe I should have taken it out, but giving the market the benefit of the doubt. As long as $SPY can stay above 134.91, all longs will work. A dip under and we will most likely visit S3 @ 134.14.

We have the fed Bernanke speaking today. Everyone is expecting him to say something that will continue to push the economy forward, but even he knows that European meeting is the big star.

I am watching other names too.

$CNX over 30

$LNG over 13.97

May you all have a good continuation of your day.

PS. As I was finishing typing this I got stopped in $CAT @ b/e. Oh well.