Long-story-short, I bought the Mac Air, gave the Genius' my old one so they can sync the old w/the new, and am left with no computer to upload my photos or sync my new iPhone. (I have an iPhone with none of my apps, and no contacts.) I feel so naked :)
Once I get the new computer, I will post what I wanted to on Saturday.
Now for the market...
I had a ton of limit orders in place prior to the hiatus. My market thesis was dead on, and all the limit orders to sell shares/options got executed.
The market approach the weekly and monthly resistance points. (An area, if not on my honeymoon, I would have shorted the market heavily. As I was telling my wifey over breakfast the day it was happening, coincidentally putting her back to sleep :)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhEyCjzCaMbZoFveKnLn1w7Cqgl59jWX28dwpA5m6eewhFTWlOol1PPiwUk8uxZydMpCFghHtAmzZSyzaATDwmf1Q5rqRMJb-tIyPYr8H5CfAp6vfwIKlM9oiufSPckKqWIUVMyeUPlxdM/s400/sp500w.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhP610RTTX6_XmnzoyESgyT8ln7s-9FoG4LQwi6mpVc9Vwhy3FMlg-2yibL8UIt4GOox-u9zekReEN1R-uXR1VuF9ZN9Vh13VgyAChhrtBdmhad77IBhm5DIjaSXkPaE6v6ndg81l49Tww/s400/sp200wkly.png)
Regardless, the question now is how much can the market correct?
A look at the daily indicates the market will see the 28 or 32 SMA in its next leg down. But if the big boys get scared again, I can see a scenario where the SP500 approaches a very strong support is at 1150. (The market will not break 1150.)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbzs-Ov8s_5ShlZv_JC4ejM-EQgBJ8OEmt02Rr2YKzasljo9eeOTvSoN4te4751YhLYulqJzio0zGZb3cIoSu71qK7d5pHGES7AbngDHDgwKUslQm9wPtQzJDBq_yaLXAbciFLNMUmfaA/s400/sp500.png)
Although automated triggers sold off most of my holdings, I maintained a light market protection I took on before I left. (It lost a lot of value, but overshadowed by the gains.) I will cover this protection between the 28 and 38 SMA.
As the market approaches the SMA support, I will begin re-entering names. (ie, AAPL, IBM, AXP, PBR, MF, etc)
I am still bullish on the market because one of my conditions for a year end rally is playing out. The 10yr has broken its negative down trend, and this will facilitate the equities markets. (IMO, QE2 is a farce, and will not happen as we do not need it. Although the fed keeps the market in check by dipping its toes in and continuously touting it.)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIGsXHKI9M0uba47SOo33_aBnd4PHKM_feDzXpOORTt65cy7iVl9oFMkTUcQNycghNVyq5TfHTxIo8zLIuCcZzg_3bOt2TLHsuXQ-tMIK6Pm4qqS6OMaJIfpCqn7ekW7r7wYZW2yfvTWw/s400/tnx.png)
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