Stocks: +142.52
Crude Futures: +14.66
Russell Futures: none
Gold Futures: none
Dow Futures: none
-------------------
net: +157.18
===================
one good stock trade with out enough size was all this week was about

stocks: -89.45
crude futures: - 360.68
dow futures: +20.56
Rusell Futures: none
Gold Futures: none
-----------------------
net: -429.57
===================
sucked

Time to prepare for massive 4G upgrade ? No wonder if FFIV keeps running a bit. 
I am thinking Acme Packet (APKT) long for this as one candidate. I haven´t listen their conference call yet but it is interesting this market is not actually so interested of passed Q results anymore instead appears to be looking something further which wasn´t even provided much.
This article might provide some reasons for it and my recommendation to read also Car MEMC chip.

GigaOM current estimate is that totally 8,6 billion mobile devices are attatched to the network by 2015.

This morning’s better than expected Jobs Report sent US Equity Indexes into or above key target areas that – if the momentum continues as it appears currently – will break price into New Recovery High territory which you’ll want to monitor closely.

Let’s take a look at the S&P 500, Dow Jones, and NASDAQ to compare current structure and what may occur on a breakthrough beyond these prior high resistance levels.

First, the S&P 500 Daily Chart:

Is it possible to EW something like, perhaps only afterwards and perhaps unlikely to offer or do anything easy ever but I see reasonable strong negative divergences. Not very strong but strong however.
The B is ~86.2% RET from the impulse peak which is one of the most common retracement size for EW B wave suggesting with reverse that impulse is not travelling further, at least before correction.
C/IV to come like 50 % ?

Daily Chart

5 Minute Chart

Temporarily, at least.  It used to be that the word momentum inspired fear of being left behind, but that was sooo October of last year.  Today’s momentum is quite different, and it requires a different approach for good trading.

Check out my post at MarketWatch from today on this, along with some unique characteristics of the current environment.

Trade Like a Bandit!

Sunny day in Brussels (grande place)Wide angle 14mm