End of day review 4-21-11 Thursday

The market was a dud today. There was one opp for me to get long into support like i had planned out this morning. It was shortly after the release at 10AM when we sold down to the 1327.50-1329.50 level and found responsive buyers active. I unfortunately had to go outside again due to work issues. An after that the market was nothing but chop so there was no opps to do anything. I believe due to continued earnings release and holiday weekend (markets closed Friday). So this ends the week and next week will be a new one. And will be the last week of April. So let's see if i am up for the week and see if i can end the month up. Have a good holiday weekend to whoever is reading this if anyone at all lol...

Pre market analysis 4-21-11 Thursday

News: Jobless claims @ 8:30 AM, Philly fed survey @ 10AM, Leading indicators @ 10AM

Trade plan: Yesterday i had to go to pick up wife from airport so i couldn't do an end of day review. But ES mostly consolidated in a range between my 2 levels at 1323-1325 and 1327.50-1329.50. The market is obviously waiting to see how the company's report this week. And from the results most earning have been pretty good. The market is reacting well from the releases and im still expecting more upside this week, possibly even breaking the highs of the year. Globex has been moving higher all night and has tested the highs of the year. Buyers are in full control and i expect any sell offs into support to be bought and so i will be a buyer at my support levels. I will also be cautious on the long side up here as this is an area where responsive sellers can be active especially after a move up like the past few days. This is why i want to be a buyer on pullbacks into support. The risk is on the long side up at these levels.