If we didn't start earnings season I would be setting up shorts here for a pullback but with earnings season at hand I expect us to slowly grind up to a out of range overbought situation. I will be looking at some spots higher to get on board. There is a possibility that this could be the pullback in progress after hitting the 1286 BUT earnings is the outside element here.
1302-1305 area if we get there might be a better short by my analysis.
Thursday, January 13, 2011
Wednesday, January 12, 2011
Gold
For the gold bugs- Gold looks like it wants to rest here. I would be taking Gold long on a size able pullback to maybe its 150 MA.
BINGO
With 50 mins to go- I got to give myself a huge BINGO as I called this area two weeks ago. Since we hit it early today we have been unable to get above it and we are stuck. It will be interesting to see what they do in the last 20 mins
Tik-Tok-Tik-Tok
1286, 1286, 1286, just so magical.
After this week we will set out a pattern that is more clear, then we should be ready to go with some plays.
After this week we will set out a pattern that is more clear, then we should be ready to go with some plays.
1286-BINGO!!!!!
Look at that- 1286 HOD, so far we are two hours in, lets see what they will do.
BINGO!!!
BINGO!!!
Gap
Less than an hour before the open and seem the market will get a gap up- Still looking for my upper limit targets to get hit, will it get there today, no idea but we will see.
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