Banks-

Banks seem to be getting some bid overseas but hmmm we mentioned it here over the weekend to short SKF as we expected this to happen. Should last at least a couple of days then back to the downtrend

2009 Short List

No excuses!!!!! about two months into the list and the list is profitable for 8 out of 9 plays. Congrats to those who played them

Metals

Gold and Silver looks like they want a rest here. If you are a futures trader I would take some on the short side and see how it plays out with stops above the last swing high. It is a good shot if Gold breaks down this year it will see the 600 area.

Weekend Update

Weekend Update- None for this weekend as I was extremely tired and decided to take a long needed rest. Here I think we might get a bounce but I will update more than likely tomorrow. One to look at short is SKF, yes I think it is overdone short term and should pull in back especially if we get a little rally. Remember nothing goes in a straight line and we welcome a rally to get back short.
Also the techs look like they will crack after the next little uptrend. Some you need to remember here is nothing can hold up in a bear market because when client want their funds, managers are forced to sell even good performer in order to get cash for clients.

I will update tomorrow for sure .

Hope you all had a great weekend.

MARKETJEDI

TRADE CALL UPDATE :STT Short

Taking 1/2 off here +25%

TRADE CALL UPDATE: WFC short

Taking it off here +100%

Nicely done

Job Numbers

Today is the jobs number and if we gap up into them look for some resistance in the 702 area. Possible but unlikely we could ramp up to 712 but I doubt it with the action we have been having.