Oil

Glad I really jumped ship on that oil long last week- Oil getting its head handed to it BUT I will be looking for a in to get long as I am still bullish on the commodity.

1327

I think that area will be the area to short- I am dipping here but I believe we will get up to that 1327 level before we get to a substantial pullback

AMZN

Double short that AMZN today. I will see if I am right soon enough.

1312

1312 is a very important level on the S&P. If we shoot higher from that number I expect us to see 1360's later but not being able to surpass this area will lead us down to the 1260 area.
We will see soon enough. Posts will be limited this week as I have much work to do.

Gold

Though we get a minor bounce in Gold. My work is still telling me we will hit 1276 before we get to new highs. So how would I play it. If we retrace down to the 1278/6 area I would be a buyer but right here I would not be willing to short though I feel highly we will hit 1276. Just not what I do

BINGO- OIL

Man oh man yesterday I got out of oil long as I felt Oil was going to get a pullback. Even on a gap up this morning I felt the same. Now look at it dive.

It will post where I think it might bounce later.


BINGO

Oil

So this morning I took off my Oil trade as it looks like we digesting too much here. Looks like we will get a pullback.

GS also heading to last week's low in a rush as noted it would.