Highs

looking for resistance at 1680.50 but a poke above would satisfy the bulls for some profit taking.
Doing some wave counts it is possible if resistance is found there we could revert down to the 1625 area short term.

Super fast

down $10 already- taking 70% off - riding rest with b/e stop

Gold Short here

Shorting Gold here 1263

Interesting- I still have Gold resistance at 1460

http://finance.yahoo.com/blogs/daily-ticker/don-t-fooled-sell-gold-1-400-then-113216641.html

1601 mentioned in play

1601 mentioned yesterday is in play- 50EMA with fund managers end of quarter window dressing

Bounce in Effect

Bounce in effect due to window dressing in to the end of quarter. Money managers favorite game in deed. look for a test into the 50ema line for resistance with is still 1601.

FED

Gold and silver crushed because of the FED news- I find it so funny but people don't understand this market upmelt is all because the FD is in the marketplace supplying huge load of cash. Cash is not endless and when the FED starts pulling away the candy like it hinted at yesterday all the bricks will fall once again.
Folks loading up like everything is ok, oh yep right!! watch the FED, they are the key to all of this as I have said numerous amount of times.

Update

Recap:  Early chop leads to a dip after the FOMC meeting announcement as the market closes on its lows. volume came up and breadth was pretty Bearish.

It was super choppy early, but Breadth could never get going, which I guess was a hindsight clue.  At the time, it was just boring.

For today, we are oversold, and into support.  We've turned into a rangebound market here, so a chop out into the weekend would not surprise me.  I don't want to even make a lean one way until we see a move away from the current slop.

For today, weakness is a buying op with confirmation, but again, I won't be hanging around long if we cant get some follow through.

1640

Trying again to take on that 1640 area. Markets are still coiling so not much to do yet but I am still on the bullish sign as long as we are above that 5Oema sitting at 1602 area.
Here is a time to be patient as I just see coils
SOHU and ICE are two coiled plays

Update

Definitely the bounce off the 50 EMA proved to be a floor again- we are 40 point above it and just like the last time we hit the 50EMA market bounced hard-

Update:

CTRP new highs
MGAM new highs

not a lot of action but we are still coiling close to the highs so definitely leaning long on strong sectors like bios.

LONGS

Here are a few interesting stocks that look higher

CTRP
MGAM
VECO

Update

The market continues to grind here.  Its stretched away from its mean, and it is starting to look more and more tired up here.  This can continue longer than you expect, but its important NOT to get caught flat footed and completely complacent here.

1640

Well that didn't find any resistance!!!! Oh well

My only stock position is VNO which I am long @ $87.

we had a small buy signal at end of day yesterday I would would not be trying to short today if you are a short term trader though i believe a blow off top is coming.

Biotechs still going higher

Biotechs are still going higher- I guess I came out of IBB AND CELG too soon. Got to watch rotations and see which sector is next

1640

1640 on the S&P is a number i am watching to start dipping into some puts slowly on the NQ and S&P. I think we are getting exhausted up here and need a rest so a pullback of about 35-50 point would be in the cards if we are. Taking a less trades is more approach here as I see some rotation going in the general markets.

S&P 1900

laszlo birinyi the known market reseacher is predicting 1900 on the S&P by years end. The bulls are definitely in control and i have been doing some ready and found out that really ultra high net worth folks are not in the market and if they do could push us higher.
We have to wait for the signals and see what happens. One thing is for sure the market won't fall far as long as the FED is pumping us afloat.

Thanks FED

Over 1600

Ok finally the 1600 are here- Job number were better than expected and unemployment numbers lowest since 2008. I guess today is the day the bears might be in severe pain, let's see if they capitulate

May and Markets

Today is FOMC day so I wont be watching the markets as usual. Volume usually tapper off after the first hour on FOMC days so difficult to do anything till after announcement.

Finally the Nasdaq has tagged its 2012 highs. So all major indices have hit or surpassed their 2012 highs which now put me on hold for any new longs to be initiated. More than likely we hit 1600 on the S&P because it is so close but I would be definitely be cautious since we are not in the "Sell in May and go away" time frame.

In the mean time, let's see how volume shakes out after FOMC and play smaller size on plays if you do.

VRX

VRX looks like it wants higher

AAPL

Bye bye AAPL. May find some support at 378 but i would not count on it. I would give it a couple days for the selling to subside

The Stock I HATE

Yes AAPL earnings is this evening after market close.. Something tells me they will get sold off but as I know thats why it is the top hated stock I ever traded.

Spec Play

Spec play - ACOR long $39.45

AAPL-

Bloodbath in AAPL- Sorry you bagholders who listened to Cramer

Markets Crushed

Markets are crushed Equities and Commoditites.
50 EMA is 1536 on the S&P watch for support there

Gold Update

just hit 1360- that's heavy selling- seem climatic but who knows sine a lot of the move is Euro based.  Resistance is still that 1460 area mentioned months ago and 1305 looks like a intermediate target on the downside

Gold

Gold last bagholders are running. I thank one of my buddies months ago telling me not to get tricked into Gold because all the big guys are getting out. That one was dead on as we could not get above that last important 1640 level on the last push.
Watch for longer term support @1245 is 1400 can't hold medium term

wow- Biotechs

I guess I sold too early- BIIB and CELG still looks higher-

Gold and Oil

Gold and oil down huge this morning. Money flowing from these into equities?

CELG

CELG just awesome just traded $120 and I am all out

Biotechs have been on fire for the last two months and spoke about it many times- BIIB also a nice play

Goldman shorting Gold

Goldman Sachs downgraded its 2013 price target for gold (Exchange:XAU=) and advised investors to short the precious metal, in a commodities report out on Wednesday.

Resurgence in euro area risk aversion and disappointing U.S. economic data , gold prices are unchanged over the past month, highlighting how conviction in holding gold is quickly waning," said Goldman Sachs analysts Damien Courvalin and Jeffrey Currie in the note.

The analysts cut their gold forecast to $1,450 per ounce for 2013 and $1,270 for 2014, the second cut in their price target this year.
"With our economists expecting few ramifications from Cyprus and that the recent U.S. slowdown will not derail the faster recovery they forecast in the second half of 2013, we believe a sharp rebound in gold prices is unlikely. Given gold's recent lackluster price action and our economists' expectation for higher U.S. real rates, we are lowering our U.S. dollar-denominated gold price forecast once again."
"As a result, we recommend closing the long COMEX gold position that we first initiated on October 11, 2010 for a potential gain of $219 per ounce, with the risk reversal overlay expired on March 25. While there are risks for modest near-term upside to gold prices should U.S. growth continue to slow down, we see risks to current prices as increasingly skewed to the downside as we move through 2013," Courvalin and Currie said.
UBS also cut its 2013 outlook for gold this week to $1,740 from $1,900. However, the bank held its 2014 forecast steady due to uncertainty regarding the euro zone and a possible end to the U.S.'s ultra-easy monetary policy.

"Gold has faced many challenges already in 2013: market concerns on the longevity of the Fed's quantitative easing, a rotation into equities, benign inflation and the focus on better economic growth are valid threats to gold's upside potential. A stronger dollar (Exchange:USD=) also poses a challenge... These realities warrant less aggressive price expectations," UBS analysts wrote on Tuesday.

Spot gold prices (Exchange:XAU=) have fallen six percent year-to-date, while the MSCI Gold Index has fallen 21 percent. On Wednesday gold traded at $1,579 per ounce.
Gold bulls however have stuck to their guns in the face of several downgrades for the metal.

Philip Silverman, managing director of Kingsview Management in New York, advised investors not to bet against gold last month because central bank demand remains strong . According to the World Gold Council, central banks' gold purchases in 2012 were the highest for nearly 50 years, as banks sought to diversify their reserves.

"You don't fight the stock markets when the Fed is easing, so you wouldn't want to fight the central banks when they're buying gold, because they have deep pockets," Silverman said.

Martenson

http://finance.yahoo.com/blogs/daily-ticker/p-500-may-fall-more-40-fall-chris-120957460.html

CELG

Still on the move- biotechs are hot- CELG, BIIB etc

New hIghs

Been sick with my sinuses so I haven't been up to posting much in the last week. I am still in the high mode and think we can still make new highs. It is evident the market is in a trading range at the high area and since pullbacks have been swallow it is therefore in my opinion we will trend a bit higher.
Now Ii have been asked about when do I think the market will be a deep pullback, well that question might be difficult to answer since we are well over the 50ma but I will be looking for a top when I see the general public start saying they are going back into stocks. Yes usually the 90% of players are wrong so when the masses are all long then it is time to be extremely cautious.

In the mean time we just start earnings season so the next 2-3 weeks should be neutral to bullish providing we don't have a diasterous earnings from a heavy weight.

Still Biotechs are on fire!!!

AAPL

AAPL looks so weak- No love for that one right now- how are the bag holders that Cramer created at $600 doing.

New Leaders!!1

CELG

OUT 90% OF POSITION

Monday- New Quarter

Dont expect much today since most of the world's markets are on holidays today. Expect range and volume to be thin.

FINALLY!!

Finally the S&P has hit a new high. So all the indices expect the NASDAQ has hit all time highs in this melt up.
Technically I still think we can go higher but now that we have tagged the S&P highs we must look at what the big boys want to do. As of now they have been in this market small and I wonder if they might jump in and push the mom and pop investors in for the last hooray and dump it out on them as per usual. It will be interesting to see but for me this market is dangerous with such low volume ranges so my advice would be to stay nimble.
One good sign I see for the bulls is that we are developing new leaders and that's what it takes to move higher. The same hot flyers of the 80 weren't around in the 90s and the fliers in the 90s weren't around in the lost decade of the new millenium and I definitely see new leadership here! just take a look at AAPL, it is not leading.

One of the big leaders now is Biotech and that's why I was such a fan of CELG and BIIB. I played CELG because if was a cheaper priced stock but I was looking at BIIB when it was around 150 as a buy, oh well you will never hit them all.

Now that the first quarter is in, I am anxiously awaiting what we do in the second quarter though if we tapper off into much lower volume I am thinking the summer might be a nightmare but right now best to look at what is in front of us and that's the second quarter.

For though celebrating Easter please travel safely and think of not just yourselves but the poor, needy and helpless and try to volunteer sometime/something that will benefit someone beside oneself.

CELG- New Highs

CELG still coiling like wants higher still

Update on Longs

Still hold CELG, TYL and DRQ.

CELG coiled and still looks like it wants high
TYL still looks higher
DRQ trading around entry.

Goldman Cautious

Goldman Sachs is saying they are newly bearish over the short term.
Be cautious on any longs, we are basically going up on very light volume.

Sticky spot here

Very tricky here- Market looks like it is forming a topping pattern but you can't help be reminded of the quarter end markup the fund managers will place-
This is a time to be patient

New Highs

Best chance for the S&P this week to reach it all times high this week or early April. End of month mark up will likely push the market up this week even with all the negative news coming out of Europe.
I have a couple longs on and they are from Names most won't know but this is what is happening on this leg up, we are establishing new leaders, which is a good bullish sign.

Nasdaq is looking really sloppy and in some way it looks like it is forming a huge H&S pattern so that will have be on the caution side when we hit the S&P highs.

Don't push anything here---------Remember 4 day trading week this week

TYL-

Poked this one long too- @58- 56 is my stop.

DRQ

Poking a bit here long for a small play- @86

GOLD

GOLD needs to break $1630 through on this push up or it will signal a topping here-

Weakness

We are about to open for the weak and we are looking weak- Copper is down 2.5% and the S&P was down as much as 20+ points overnight-

Watching my SDS here at open if enough Profits I will take it off- was a small play

New Trend??

He has taken a big hit since the mortgage crisis bet he won huge on !!

http://www.bloomberg.com/news/2013-03-11/paulson-said-to-explore-puerto-rico-as-home-with-low-tax.html

CELG Update

Well that one was a home run- still making new highs it hit $113 today.

In the meantime the calls are now up almost 200%

SDS

Playing some SDS $45 calls here as a flyer- @$1.35

not huge play

New Week

start of a new week and though we are over extended on the upside I am still banking on seeing new highs on the S&P. Traders don't car about the DOW because it is not a true reflection of the market so I am expecting the S&P to hit the new highs soon.
After that i would be looking at any exhaustive moves as a blow off top to spot some shorts but in the meantime I am long some CELG and ALTR here and nothing more in terms of stocks.

Folks we careful as the market is always trying to take from the 90% to distribute to the 10% so don't get caught up in what the 90% are saying but use that as a signal for caution.

Also watching AAPL to see if we make new lows after last week lows.

CELG

CELG Kicking butt- still holding here

AAPL

No love for AAPL- New year low again- sub 425 close would look terrible technically.

Interesting Fact

The last four weeks the S&P has ended at 1518,1520,1516 and 1518. We are in a tight coil with not much going on. I believe we break the coil next week and go upward.
Remember tuesday this week all the talking heads calling for a major pullback, personally I don't see it. Hard to buy here but I am not in the camp we retreat yet. I believe we will grind up till April.


Expecting new highs next week, though it will be in weak hands

APPLE

New 52 week lows on AAPL

Speculative play

Bought some PANW @$60.40 as a speculative play today.
Using a $3 stop

CELG Update

CELG looks like it it in break out mode- new highs here.

that one was a nice options play- lucky i rolled out of feb into march- Riding them till expiration

30 point range on S&P Yesterday

An ugly day as the market gaps up, pushes a bit higher, and then gets cracked wide open.  Volume came up and breadth was pretty Bearish.

The S&P 500, Dow and Russell now look headed for their respective 50 day moving averages, and the NASDAQ looks headed to the 200 day moving average. My opinion has not changed, I still believe we will try for new highs, but we are in the midst of a correction.


Watch for 1477 on the S&P AS SUPPORT- 50EMA

Goldman cuts Gold target

MADRID (MarketWatch) -- Goldman Sachs cut its gold price forecast for this year, saying while the latest sell-off is "likely excessive," it has "exposed a quickly waning conviction in holding gold positions, especially ETFs (exchange traded funds). In a note dated Feb. 25, Goldman cut its three-month gold-price forecast to $1,615 an ounce from $1,825, its six-month forecast to $1,600 an ounce from $1,805 and its 12-month forecast to $1,550 an ounce from $1,800. Goldman said recent moves in gold and U.S. real rates have "anticipated the turn in the gold cycle that we had expected for the second half of 2013," in the note. April gold futures GCJ3 +0.30% rose $13.60 an ounce, or nearly 1%, to $1,599.80 an ounce as perceived riskier assets sold off in the wake of an inconclusive result for Italian elections.

Start of week

A nice start to the week for the Bulls as the market put in solid days across the major indexes.  volume pulled in, but that's compared to an options expiration session Friday, while breadth was Bullish.

We now look like we are off to get those 2007 high\s in the Dow and S&P 500.  The NASDAQ is still lagging, but put in a decent session as well. The Russell hit yet another new high.

Interesting read!

http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=110D8-1&utm_source=taboola

Yesterday

Yesterday was the lowest volume day in months. One would think all the excitement of multi year highs would spark the interest of the folks on the sideline to get on board and spike up volume and it is not. I think time has changed and not many or looking to the stock market for gains.

I read a quote last week over the internet and here it is " The stock market is system that distributes the wealth of the many to the selected few", wow that just somes up what I have been telling people all these years, the average guy is just at a huge disadvantage.

I am still watching the Nasdaq which is the only indices not to be near its all time high (and we know why!!!!!) for signs of when a topping pattern is about to form. My experience tells me the market will grind up on this low volume till be get a spike that is caused by the last bagholder getting on board and there will be our top. When that happens no idea! we just have to watch for the signs

Cautious

I would be cautious on any long position between 1518-1525 on the S&P.

Pullback

So we hot that 1510 and pullback yesterday but before the open the open we are setting up for a gap up. Nothing doing here as I think we are in consolidation mode and Gold and Silver might be setting up to break out so what for edges to play.

1510 -BINGO

This morning at 5am I posted 1510 as a point I think we would hit. BINGO market it 1510.50, not too shabby.

SuperBowl

Since Sunday is the Superbowl I bet 90% that the markets will have lighter volume on monday and in saying that my pick for the Game is the 49ers!

CELG update

Finally moving!!!!!!
bought calls @ 4.80 now trading 7.5

Blackstone's Wien Sees Major Sell-Off

ttp://finance.yahoo.com/video/wien-think-major-sell-off-180200462.html

Dow Will Hit New Highs Before Crashing 50%: Kee

There's an old axiom that claims you get what you pay for, meaning value does not come cheaply. This is particularly poignant at a time when traders are on watch for the Dow (^DJI) and S&P 500 (^GSPC) to set new closing highs and investors seem immune to existing signs of caution. Even the worst GDP figure in 3 1/2 years didn't do much to slow the market's ascent.

Even the most optimistic investors are getting a bit antsy these days, wondering how and when it's all going to end. For Tom Kee, president & CEO of Stock Traders Daily, the answer to that question is 'not well.'
"I'm looking for another high in this market, then I am looking for a turn down," Kee says in the attached video, adding that he believes it is "going to come relatively soon."
By downturn, however, what Kee real means is a crash to the tune of ''50 to 60%," which would bring the Dow Jones under 6,000.
A plunge of that size, over a span of weeks and months, is not unheard of. In fact, Kee says, the last time the Dow peaked in 2007 we saw it crash by that amount, just as it did following its previous high in 2000.
Kee says he came to this dire conclusion using a number of technical and fundamental analytical tools, including an earnings per share growth rate for the Dow that he calculates at 1.18%. It's a sluggish pace that he says "just isn't enough to justify the growth in the Dow's actual price."
Similar treachery lies ahead for the S&P 500, he predicts. Although its normalized growth rate, excluding such outliers as Goldman Sachs (GS), is roughly 4%, he argues that is still does not warrant a multiple of 15 to 16 time earnings.

1510

1510 Next level on the S&P to watch if we grind higher..

Finally 1500

Finally 1500 on the futures in the day time session and grinding up and up. I really think the market could hit its 2007 highs before we get any meaningful pullback!! Remember folks that although the volume is not great, the elections are over, bonds are just too pricey for the small returns, Oil and metals are on the back burner as there is little geopolitical issues so managers are just buying indices to go higher.
What also must be noted the the rotation of new leaders, notice AAPL and GOOGs of the world are not leading up higher here and that to be is a good thing.

FOMC meeting was today and continues tomorrow and we usually have a bullish sentiment into the meetings so we must be cautious of that.

CELG

stock looks like it wants to break higher-

in some calls

Today

Pre market the futures are down marginal. Today i would be looking at S&P 1490.75 for some support and 1494 for the real floor for the bulls. Though the SPX has made 1500 the actual futures have no yet in the day time session and it should happen soon but as volume is light and funds are just not trading we will just have to grind up slowly into that number.

I am not uber bullish but have been saying long is the way for a couple months as I am sticking to my longer term cycles that shows 2013 should make a significant high.

Dow Will Drop 20 Percent - Fitzpatrick

A confluence of factors suggests the Dow Jones Industrial Average is heading for a 20 percent decline this year, Citi FX Technicals Global Head Tom Fitzpatrick said Thursday on CNBC.
"While there's a little bit left to the top side in the near-term, we're still on the same page we have been for the last three months or so, which is, that we're going to peak out around these levels and see a (decline) probably in excess of 20 percent," he said on "Fast Money."
Fitzpatrick looked at Dow performance charts from 1973-1977 and from 2006-present for the analysis.
In addition to a 20 percent drop in the Dow, he also predicted that gold would hit $2,400 an ounce, jobless claims would rise and Brent crude would hit an all-time high.
"The equity market looks great, up 120 percent if you compare it to 2009," he added. "But if you compare it to 1999, we're unchanged, and we're below the 2000-2007 highs.
"The economy probably barely grew 1 percent in the fourth quarter. We have a situation where it's looking like it could be quite sluggish with the tax dynamics and the debt dynamics in the first quarter."

Why the small guy has no chance

Why the regular investors has no chance because of these scumbags- Listen video carefully

http://finance.yahoo.com/news/billionaire-smackdown-ackman-icahn-spew-183647044.html?l=1

Cycles

Doing some cycle work on the daily and it looks like we are stretched here and looking for a pullback.

NUGT

Stopped out -$1 per plan-
Gold not getting the bounce here with the S&P so strong

OH AAPL

Well that's why I DONT hold over earnings! I took my $28 profit on AAPL long and that's it bye bye. I didn't care if it ran to $1000 or not, the point is you got to play wisely.
Now AAPL is down almost 10% after market and I must say Cramer got this so WRONG again calling out AAPL to $750, I just knew that was the kiss of death just like his $1000 call on GOOG was, now all those who bought AAPL over $600 feeling alot of pain here geez-

Hit and run market here, though we are making new highs there is not much leadership and that tells me we are seeing the new phenomenon of ETF trading at work. Well tomorrow should be interesting to see what happens, I probably will only be around my system after lunch as I have a morning appointment but I would be looking at a gap down to buy for a bounce. Google needs to save the NASDAQ from a multi week downturn here.

AAPL

I will be out all AAPL (long from 485) before the close

Still working HIgher

Ok we have hit the first target of the 2012 HIGHS now what is next. I have been doing some work and I seem to be narrowing a zone targeting the 1525-1545 area. Do we stop there? No idea but if I was still long after hitting the 2012 HIGHS I would be scaling out of long positions into this area.

I am still holding NUGT long and a little AAPL.

I think we are stretched here so be very careful initiating new long here without a pullback.

Hedge Fund Averages for 2012

Hedge Fund business has been tough these last few years but last year was probably the worst year for performance with only an average gain of 2.86%.

2012 Highs Achieved!!! BINGO

Gap and go day yesterday as the market pushed higher most of the day.  We did pull in a little into the close, but it was still a positive session. Volume came up and breadth was Bullish, although it closed off its best levels.

The S&P 500 hit its 2012 highs target, but couldn't stay above that level into the close. This is cause for a little concern, but not too much until we see if there is responsive selling off that level.

For today, there are some key earnings on tap before the market open, so that will set the tone gap wise. It is OE day, so it may just be a sloppy trading day. As most know I don't execute trades on OE days.

Higher as Expected

15 minutes till the open and we are as expect from last week grinding higher. I would be taking off some longs here and looking for some resistance at S&P 1478 area.

AAPL- Taking some off above yesterday's high. Oh AAPL how I love and hate you lol

AAPL non stop

AAPL non stop upward from the 485 area. Now +$24. Taking off a bit at the close and riding the rest

AAPL +$19

AAPL almost +$20 from 485 level-

HIgher

Still thinking higher on the markets here- Though we not doing much volume I think we will just make small steps up possibly to that 1284-87 area. Today was a very slow day and it looks like big players are not taking any huge bets yet.
Personally my technicals are showing this year the market will hit its high before we start heading down again into bear market territory which should subside in 18-24 months.
After this year I would definitely be out of any equities!!!1

AAPL

Yes I have a huge love hate relationship with AAPL stock but yes I dived in today and bought at the level I noted @485. Lets see how much we can bounce if we do off that level. Something tells me this level MIGHT have some meaningful support.

AAPL-News

Apple Inc. has cut its orders for components for the iPhone 5 due to weaker-than-expected demand, people familiar with the situation said Monday.
Apple's orders for iPhone 5 screens for the January-March quarter, for example, have dropped to roughly half of what the company had previously planned to order, two of the people said.
The Cupertino, Calif., company also has cut orders for components other than screens, according to one of the people.
Apple notified the suppliers of the order cut last month, the people said.
The move indicates that sales of the new iPhone haven't been as strong as previously anticipated and demand may be waning. It comes as the company has been facing greater challenges from Samsung Electronics Co. and other makers of smartphones powered by Google Inc.'s Android operating system.
While Apple has set the agenda for the smartphone market since it released its first iPhone in 2007, South Korea's Samsung, which sells many Android-based models at various price points, has already overtaken the U.S. company as the world's largest smartphone vendor by market share. Demand is also growing for inexpensive smartphones from Chinese makers such as Huawei Technologies Co.
In the 2012 third quarter, Apple held 14.6% of world-wide smartphone shipments, down from a peak of 23% in the fourth quarter of 2011 and the first quarter of 2012, according to IDC.
Samsung's share, meanwhile, rose to 31.3% in the third quarter of 2012, compared with 8.8% in the third quarter of 2010.
The Korean company said earlier this month that it expects to report another record operating profit for the fourth quarter of 2012, capping its best year ever amid strong sales of its Galaxy line of smartphones. The company expects an operating profit equivalent to between $8.1 billion and $8.5 billion for the three months ended in December.
Apple is slated to report earnings later this month.
The iPhone 5, released in September, represents Apple's effort to maintain its strong position amid intensifying competition. The latest model comes with a longer, four-inch screen compared with the 3.5-inch screens used in all previous iPhone models.
Japan's Sharp Corp. and Japan Display Co. and South Korea's LG Display Co. are the three suppliers of the screens, according to people with knowledge of the matter. When the iPhone 5 was launched, there were concerns that suppliers might not be able to produce enough to keep up with demand.
Apple representatives weren't immediately available for comment.
Apple's cut in orders may also affect first-quarter sales of component makers, some of which are largely dependent on the U.S. company. The fact that some iPhone components are highly customized makes it difficult for suppliers to find alternative buyers in a short time frame. Sharp, one of the suppliers of the screens, has been struggling financially with a cash crunch and losses from its television operations.
Japan's Nikkei reported earlier Monday that Apple has slashed its orders for iPhone 5 components.

AAPL

AAPL once again getting hit before pre market- I think it is too soon to get a long on this stock before we hit 485.
485 is a good level to watch for reaction if we get there

NUGT

buying NUGT as a play on Gold-

Buy $10, stop $9.

Market

Market hasn't done much in terms of technical structure since the beginning of the year. Though I have a bias to the upside we are not blasting to the upside quickly.
Think we still hit last years high on the S&P in the near future and Time structure wise it is set up to peak in the mid February time frame if my structure works are on time. So saying that for the next month is have an upward bias.

Consolidation

Nothing much going on today!
As expected since yesterday could be considered a trend day. I am not 100% on the trend day because we gapped up most of the gains

January Phenom

The phenom states that 85% of the time the DOW move of the year can be predicted to the first 5 days of trading. My problem with it this year is that the move yesterday was politically motivated and is not based on technicals.

The move yesterday 'suggests' we will see the highs of last year matched.

Finally a Decision

Though it took forever we finally have a vote in Washington. the amazing thing is that we are going to gap up huge but no one will be able to take advantage of it because most were out because of the craziness of these politicians. Last year it was the same most of the real  moves in the market up or down were made overnight due to the election and then the fiscal cliff issues making it very hard especially in the second half of the year to make money.
Well I hope for a more stable 2013, though I have been reading the big wigs who are saying it is more and more obvious we will be in a low return environment for a long time to come as less and less players are in the markets (makes you wanting back for the 90s).

CLIFF

These politicians need to jump off the cliff-

WASHINGTON (AP) — The No. 2 Republican in the House leadership says he opposes a Senate-passed measure to avert the so-called fiscal cliff.

Virginia Rep. Eric Cantor told reporters after a two-hour closed-door meeting Tuesday with his GOP lawmakers that he did not support the bill.

He said House leaders were looking for "the best path forward" and that no decisions had been made.

The Senate passed the measure early Tuesday by a sweeping 89-8 vote. House passage of the measure would send it to President Barack Obama for his signature. The bill would increase taxes on family income exceeding $450,000 and delay across-the-board spending cuts for two months.

House GOP leaders were considering amending the measure and sending it back to the Senate, but that step could produce a deadlock.

NEW YEAR!!

Happy New Year. Now 2012 is of the past. Let us look back with thanks and move on. There were good times and bad. Give thanks for both because there were a lot of lessons learnt from the bad. Now it is time for a New Year and a New. Leave all negativity behind and embrace 2013 with great optimism and just focus on positive vibes and just loving one another as God wants us to. This is the year that the Lord has made, let us be glad and rejoice in it. 2013 is a gift to each and everyone of us, that is why it is called the "present". Enjoy.