For Friday I am looking for a low volume day to finish off the week. Today I was very disappointed in the bull action and I will be writing a thesis this weekend as to where I think the markets will go in coming months.
Most of you know I think the markets are in trouble but it just doesn't know it yet. Commodities seem to be on fire and how much higher will we they go is anyone's guess. Gold definitely seem like $1000 is the target and the EURO$ seem like it wants 1.57.
I will be giving out a few stocks in the next week which I think will have a hard time in the next 12 months. The first one I will mention now is GS (Goldman Sachs), it has been the saving grace of the brokers but I think its time is near and I think there is a good shot for GS to trade below $100 in the next 12 months.
Watch out Sunday night for an in depth analysis and some stocks which I believe will be 1/2 their present value in a year.
MARKETJEDI
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The information posted on this blog should NEVER be taken as advise to buy or sell securities, options, currencies or futures. This blog is for my entertainment only, as I map out my feelings about the stock, options, futures and currency markets.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
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- MarketJEDI
- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
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The publishers recommend that anyone trading securities should do so with caution and consult with a broker before doing so.
Past performance is not indicative of future performance. Securities presented in Marketjedi’s email and website should be considered speculative, with a high degree of volatility and risk. Any REDISTRIBUTION of the above information, without prior written consent from MARKETJEDI or Owners is STRICTLY PROHIBITED.
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