tag:blogger.com,1999:blog-553223962289160352010-01-03T16:24:59.949-05:00Follow an unbiased Financial Trader (MARKETJEDI)-MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.comBlogger500125tag:blogger.com,1999:blog-55322396228916035.post-43418805131178409902010-01-03T15:47:00.002-05:002010-01-03T16:24:59.960-05:00

I am back but just for a couple of days as I have to go to the Big apple later this week for about 10 days. I had a very enjoyable holidays with family and friends visiting from out of town but now I am dead tired. On top of that I know my 10 days in New York will add to my fatigue so I might need a holiday after that:). I will try to post during my travels but it will be difficult so don't

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-12043756766760587092009-12-29T10:56:00.000-05:002009-12-29T10:57:35.183-05:00

Off on my holidays till next monday. Hope everyone has a healthy and prosperous New Year.MARKETJEDI

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-37298951141049370732009-12-28T08:56:00.002-05:002009-12-28T08:58:28.523-05:00

The technical picture for gold has brightened considerably over the past week, despite the price having continued to drop and the apparent failure of an uptrend. The reasons for this are to be found in the price action of gold itself and in what has been going on elsewhere at the same time.On the 1-year chart we can see how the current downtrend continued to take the price lower early in the week

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-80728555181767107282009-12-28T08:52:00.002-05:002009-12-28T08:54:09.730-05:00

Will be out of town for the next couple of days. Just want to leave you with a short I believe will work for the new year. PALM

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-52553176234559677212009-12-25T07:27:00.002-05:002009-12-25T07:32:18.126-05:00

Happy holidays to the world and I hope we all remember the important things in life, like our health, respect for others, family and TRUE friendship, not phonies that pretend and are just seeking out there own agenda. I am done with such people for ever, you should to! Garvey said a friend is not someone who speaks good of you but a friend is someone who shares your pain and I have learnt that

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-67336672111152570432009-12-23T16:24:00.000-05:002009-12-23T16:25:05.493-05:00

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-33437738495321025372009-12-23T07:27:00.001-05:002009-12-23T07:29:04.870-05:00

That's it for me folks till next week, have a safe and happy holidays.Structure measurement seems we can hit 1129 on the S&P we will see if that does happen.MARKETJEDI

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-5404619900603144422009-12-22T13:54:00.002-05:002009-12-22T13:57:22.513-05:00

I still think that 1124 number is possible just not today. We will see how the rest of the year pans out. In the mean time most have stopped trading and the only ones out there are the amateurs so don't put much technical reasoning behind this melt up :)Also I hear Art Cashin this morning talking about he doesn't trust this rally but he claimed he has been saying that since July. The point here

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-8893639130608318042009-12-22T10:10:00.001-05:002009-12-22T10:10:28.704-05:00

From Yahoo Finance:WASHINGTON (AP) -- The economy grew at a 2.2 percent pace in the third quarter, as the recovery got off to a weaker start than previously thought. However, all signs suggest the economy will end the year on stronger footing.The Commerce Department's new reading on gross domestic product for the July-to-September quarter was slower than the 2.8 percent growth rate estimated just

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-74702823527689398882009-12-22T09:29:00.003-05:002009-12-22T09:30:53.783-05:00

Look at this range bound market-Geez- One thing for sure it will soon break and get a nice move

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-30823654839546110222009-12-21T12:56:00.002-05:002009-12-21T13:00:06.822-05:00

Posted a few weeks ago when we hit Gold 1200, that I would not be long here before a pullback. Since that we have gotten our pullback and Gold is now trading around 1096. I think the important number is 1076 BUT it is possible that we could retrace back to 1045 area before we continue higher.These last day of the year movements are usually just window dressing and tax related trades. Remember

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-20382657406172206832009-12-21T10:26:00.001-05:002009-12-21T10:28:11.548-05:00

Folks remember this week is done a matter of fact the year for most. It will be easy for the manipulators to push around stuff as this week is a 3 1/2 day week and added to the fact that most firms have said they are protecting their profits since summer and are virtually out of the market since September for the rest of the year.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-43871552657105788092009-12-21T09:26:00.002-05:002009-12-21T09:26:30.141-05:00

No updates for today -- I have to be out

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-59112288484858653352009-12-20T09:13:00.002-05:002009-12-20T09:14:48.052-05:00

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-25507761435924923042009-12-18T09:06:00.001-05:002009-12-18T09:08:01.345-05:00

Friday is the last Quad Witching of the day. OE days in general tend to be high volume, and this should be no exception. The real question now becomes will there be any volatility or will it just be a limp like day.I guess I got that low yesterday dead on. Nothing like when technicals work to a T :)Still the same setups for today since we have been not changing any structure.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-28527606979421148752009-12-17T15:17:00.003-05:002009-12-17T15:18:36.072-05:00

There goes BAC sub $15 finally!!!$14.63 next stop

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-5521828142157088972009-12-17T15:15:00.000-05:002009-12-17T15:16:53.401-05:00

Hmm very interesting action although the volume is low. It would be noted as a weak session if we definitely break lows of day into close from here.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-40764884661037934742009-12-17T10:29:00.001-05:002009-12-17T10:31:45.868-05:00

Below that 1093/1092.50 area the next real decent level of support is 1079/80. Not that we reach that today but if we close below the 1093 the next area of substantial support is there.One hour in I am pretty surprised by the action.1092.50 might be a buy with a stop around 1090

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-50239848897223600212009-12-17T10:19:00.001-05:002009-12-17T10:20:22.247-05:00

Hmm I got another number around 1093, which is more significant. We will see soon enough.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-3316551989043132242009-12-17T09:19:00.001-05:002009-12-17T09:21:08.042-05:00

Looks like we will gap down today bu I doubt we sell off today. I would be looking at 1095 as a line in the sand if we get that low. I am actually looking for us to get a nice bounce but we will see how we digest all the news coming in this morning.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-70095594504138783762009-12-16T22:26:00.003-05:002009-12-16T22:31:11.473-05:00

With the FED out of the way I think the seasonality of the holidays kick in and we head higher. It is pretty much dead out there volume wise so it would take nothing for them to move us higher.Remember too we have expiration this friday. Most are already trading January options and March futures.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-11147622382896066612009-12-16T07:22:00.002-05:002009-12-16T07:31:39.344-05:00

Fed day today so I except very low volume till the announcement. Does this leave us clear to edge higher into a Christmas rally? We will have to see, take note of that 1121/3 area as this is the 50% retracement area of the all time highs and the March lows. That area will act as a magnet here on the upside though ultimately we could head higher. Remember we could go any way here and 1200 is not

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-46161570641580392742009-12-15T23:54:00.000-05:002009-12-15T23:56:22.720-05:00

Should be another no action day till 2:15 when we get the decision out. Who knows what will happen but a likely outcome is a ramp up after the announcement to the marginal highs then and retrace of it all. I am kind of looking at this move because that has been the trend for the last few meetings but we will see.Market is still in a comatose state here.

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-36446562902451163332009-12-15T14:26:00.002-05:002009-12-15T14:36:32.536-05:00

Keep an eye on that important $15 level for BAC. Looks like it will definitely break soon. On that note all the banks are running to payback the TARP why? Really they are so full of greed for their upper management bonuses they aren't thinking about the long term. Who am I anyways!!!!!!!, heard the BAC also now looking internally for a CEO, wow I would feel like crap knowing I was working at a

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0tag:blogger.com,1999:blog-55322396228916035.post-59229332794034131322009-12-15T08:48:00.002-05:002009-12-15T08:51:55.482-05:00

Yep another exciting day yesterday NOT! I guess we are just winding down for the rest of the year. I have never never seen this in my over 12 years of trading but there is always a first. Today tuesday should also be very boring with the FOMC meeting starting today and decision tomorrow most will just be out shopping :).I guess after the announcement we will get a directional move and I am guess

MarketJEDIhttp://www.blogger.com/profile/04729024475874660127noreply@blogger.com0