HPQ reports above

OK here is a small play.
Hewlett Packard(HPQ) just reported at the close. IF and I say IF, the stock gaps up tomorrow morning more than $1. I wold be buying the $45 calls for a day trade.

Remember only if the stock opens more than +$1 I buy the calls at the 10 am Highs if you want to play it safe

Summer

I dont believe the story about volume is low because we are coming into summer. Listen it is already known that most traders take off summer to send time with family and travel. Last year they said the same thing and pushed the market to new highs and then what happened? we crashed. I expect the same thing to happen here.
If and this is 'IF' m fib numbers are correct we should hit a low off this intermediate high in July. Now I will play the market anyway it goes so I am not going to bet heavily on one side here but it is obvious the markets need a pull back.
I have some ideas on how to play the summer which I will share with you guys in a few weeks.


In the mean time. Stay light and manage risks on trades closely here.

Volume

Volume not that impressive but more than yesterday. Don't be surprised if they flush down the tubes this afternoon

Volume

Volume not that impressive but more than yesterday. Don't be surprised if they flush down the tubes this afternoon

CITIBANK

Stock going to $15 I am sticking to that prediction

Just on Fire!!!!!!!!!!!!

How is Citbank doing???
How is FNM doing?????
How is SKF doing?????


ONLY WINNERS!!!!!!!!!!

OIL $130's before weekend

Predicting $130 Oil before this week friday.

CPI OUT

Two weeks ago I wrote that I truly believe the FED can't lower rates anymore. This might be happening right now with the CPI numbers just out. Numbers showed that pricing are going up faster than expected geeez, we didn't need to wait for these numbers to come out to know that, we the public are been hurting for months with rising fuel and food prices.
The FED is in a hard spot and this is why I believe so strongly the market longer term is in a bear market because the FED has no more ammunition in its arsenal to stop a prolong downturn. We will see soon enough

On Fire!!!!!

BLOG is on FIRE!!!!. CAT and SLB yesterday were monster plays. Also analysis of a pullback was in full force as we ramped up and hit resistance and we totally sold off. This morning we have the futures down and the pullback should continue.
Financials please stay away from them. GS, MER, C , FNM are all looking weak here. I wouldn't buy them even if it was free money. Lets stay light here as I believe they want to shake us either way but I am leaning lower as we are overbought here.