Caution Ahead... Obama and his crew fail to jolt the markets.

Obama's job jolt is not working right now. May be on Monday when he announces actual numbers of the plan, it may help. Otherwise we will have to wait for Congress's vote on tug of war. 

Meanwhile  watching very carefully here.... If we break 1140 on SPX would be very bad. So plan your trade and trade to your plan.

How to adapt to HFT

Very good article on how to Adapt to HFT

http://www.sfomag.com/Trading_Stocks_News-Adapt_to_Survive_High_frequency_Trading-ar1448i105.aspx

Weakness Ahead

As pointed out over the weekend, we had the bearish wedge formation and this morning the markets started dropping.

We were expecting the market to supported by the FED helicopters but the selling was heavy and FEDS did not come to rescue.

For tomorrow, I expect SP-500 to rally back to 1171 levels before dropping down again.
Market should find support at 1150 level.

The other possibility is that the FED helicopters come rescue us tomorrow, we saw little hints of it at the market closing. This kind of activity has happened in the past Look the charts closely.

I sold some of my ETFs and my stocks today.

Ants in the Pants..

Wait for the HFT computers to show its hand.. either BUY AND SELL based on those selloff or support..