Gold

I can't help but think Gold will go higher as I look at these dollar charts- The dollar looks like it is trying but it wont go much higher. Remember weaker $, high commodity prices

Iphone

Iphone- No thanks, paying $200 for a 1 year old phone makes no sense. That's like buying a 10 yr old porsche at the same price of a new one and saying you driving it on the autobahn.
I am due for a phone soon very soon and Android it will be. I will never leave Verizon but I would never get a phone with old technology. I will be looking into one of these super faster android like the bionic, looks awesome.


:)

Oil

Note what I said about Oil- Look at that sucker get traction- remember my target for a mid year high- very possible we get there.

OPen

Open above the 1272, let's see what we do today. Today should be positive, why? It is called the turnaround tuesday if you been reading my blog for years you should know.
Watching the action here on Oil because earnings might spike it higher on the belief the economy is getting better.

We will see soon enough.

Today all I am looking at is the 11:00 Verizon announcement :)

Real BIG Picture

Market is in bullish tone and I expect us to trend higher. No doubt in my longer term cycles charts I see higher market in 2012 then a long term bear market into 2016. I would not be a total bear till 2012 and IF we get to new highs somewhere in 2012 that will be the clue to 'SHORT AT WILL', we are just working off the huge bear market impulse with a slow grind but valuation are way off the charts, ie look at APPLE. Never the less charts tell me higher into a top in 2012 so we will see.

1286, (1284*)

We still have NOT touched the target 1286, all we have hit is the range and the 1260 that was spoken about over a month ago. I do expect 1286 to be in play and the only way it does not play is if we hit 1252 and confirm with a 1240 close which I think wont happen while earnings are flowing in. I am on the wall here and will still take a cautious approach till the overbought signals wear off. Hard to take new longs here as the signals are blinking overbought but it is tough to short as the pullback or not holding as we are in a bullish tone.

PATIENCE!