Shorter Term Flattening Equity Curves

The "Spys Like Us" Strategy has been in cash lately, letting me evaluate the signals and strategy closer. There have been past periods when the equity curve went flat (which is much less frustrating than periods of grinding higher with only slight gains). Market exposure is a combination of the amount of money in the market and the amount of time that money is in the market. Additional exposure may be increased once the gains outweigh the risk.

Momentum Trending Intraday, Failing To Climb Higfher

Momentum is trending intraday on many stocks such as AAPL and JPM, but failing to gain higher ground. The short term outlook is consolidation, but the mid-term could stretch SPX to 1090, given the tech sector has room to climb higher in both monthly pivots and monthly fibs.

Economics & Fibs

Initial jobless claims increased to 551k.
Yahoo posted a new number: "Continuing Claims" which shows a decrease in potentially the bigger unemployment picture.

Rough ESZ09 intraday fibs for 10/1/09: 1064.50, 1059.25, 1055.75, 1053.00, 1050.25, 1046.50, 1041.50. Intraday, these may become turning points for support/resistance. The 2 day, 5 min, chart shows significant volatility, potentially a bearish short term, with potential for another swing up.