Monday, March 28, 2011

Boring

WOW what a boring day in the markets-

SHORTS

PRU seems like a weak acting strong here- worth a short shot.
MON looking for a short in this one after analyzing the charts.
MED forming a bear flag- looks lower.

New Week-

After doing some work last night, my work show that new highs of the year 2011 is coming up. Any pullback is buy able for now as the charts are show a bullish trend. What I personally going to be doing is accumulation at the next pullback, which I don't think it will be deep but the "talking heads" will tell you to sell and that's when i will buy.
Also Gold and Oil bugs I would 'NOT' be buying those here as I see them due for a pullback before it really trends higher.
The 30yr Bonds is also looking lower.