I was surprised at how easily the Nasdaq got through 2200 yesterday. But no sooner than we break that resistance level another one pops up. Now everybody’s watching 1250 on the S&P 500. I won’t be surprised if it closes just under that level on Thursday just to add maximum drama to Friday’s jobs report. [...]

MaoXian has posted the transcript from last night’s chat session. There’s some good info in there so check it out when you get a chance. I’m still watching Nasdaq 2200 like a hawk. As you can see on the chart below the Naz has had a couple of those up-thrusts I talked about the other [...]

Don’t forget to stop by MaoXian’s chat this evening at 8 (Eastern time). The main topic will be day trading but we’re also going to discuss high-priced vs. low-priced stocks. It should be a good session. Potential swing trades: Longs – None Shorts – None Potential day trades: