NASDAQ

Nasdaq is show the greatest relative strength of all the indices. If S&P catches up today we will be higher into the close.

Oil

Oil looks like it wants 99.10 area. Anything below $100 is now being considered positive!!

RVBD

Here is a stock that looks like it will get to new highs- I have been watching it but it got away but it should at least test and surprise it 52 week high.

RVBD

Upside

As I said before I strongly believe we will see higher prices and I am trying to narrow down on a time when we will see these highs. Presently I am looking at a high in April or June, so I wouldn't be looking for more than pullbacks to get short before June.
Nasdaq is on a roll here don't be surprised if we hit 3000.

Once again

Once again the bear flags were a big trap. Made note of it yesterday and that's why I cautioned about getting too bearish in a rush as all pullback have been buy able

Bear Flag

Looking at the indices they are all forming bear flags BUT caveat is that we have seen this in this uptrend and the don't pan out. Maybe the North African, middle east problems is just pumping fear into the market for a mild pullback.

Last week

Last week we were looking at the following lower points on the S&P 1299.50, 1289 then 1284, seem they want to hit them. I am going to be doing some hedging here as I am not getting clear signals on the daily chart at all. In the meantime Gold running higher and Oil seem it is slowly but surely going for the $113 I have been speaking about for awhile. Still don't think we roll over and die here but just a breather so we can attack those highs again, IF I am wrong then it will be very early to get on the ride down so not an issue.