Friday, March 1, 2013
Thursday, February 28, 2013
CELG Update
CELG looks like it it in break out mode- new highs here.
that one was a nice options play- lucky i rolled out of feb into march- Riding them till expiration
that one was a nice options play- lucky i rolled out of feb into march- Riding them till expiration
Tuesday, February 26, 2013
30 point range on S&P Yesterday
An ugly day as the market gaps up, pushes a bit higher, and then gets cracked wide open. Volume came up and breadth was pretty Bearish.
The S&P 500, Dow and Russell now look headed for their respective 50 day moving averages, and the NASDAQ looks headed to the 200 day moving average. My opinion has not changed, I still believe we will try for new highs, but we are in the midst of a correction.
Watch for 1477 on the S&P AS SUPPORT- 50EMA
The S&P 500, Dow and Russell now look headed for their respective 50 day moving averages, and the NASDAQ looks headed to the 200 day moving average. My opinion has not changed, I still believe we will try for new highs, but we are in the midst of a correction.
Watch for 1477 on the S&P AS SUPPORT- 50EMA
Goldman cuts Gold target
MADRID (MarketWatch) -- Goldman Sachs cut its gold price forecast for
this year, saying while the latest sell-off is "likely excessive," it
has "exposed a quickly waning conviction in holding gold positions,
especially ETFs (exchange traded funds). In a note dated Feb. 25,
Goldman cut its three-month gold-price forecast to $1,615 an ounce from
$1,825, its six-month forecast to $1,600 an ounce from $1,805 and its
12-month forecast to $1,550 an ounce from $1,800. Goldman said recent
moves in gold and U.S. real rates have "anticipated the turn in the gold
cycle that we had expected for the second half of 2013," in the note.
April gold futures
GCJ3
+0.30%
rose $13.60 an ounce, or nearly 1%, to $1,599.80 an ounce as perceived
riskier assets sold off in the wake of an inconclusive result for
Italian elections.
Wednesday, February 20, 2013
Start of week
A nice start to the week for the Bulls as the market put in solid days across the major indexes. volume pulled in, but that's compared to an options expiration session Friday, while breadth was Bullish.
We now look like we are off to get those 2007 high\s in the Dow and S&P 500. The NASDAQ is still lagging, but put in a decent session as well. The Russell hit yet another new high.
We now look like we are off to get those 2007 high\s in the Dow and S&P 500. The NASDAQ is still lagging, but put in a decent session as well. The Russell hit yet another new high.
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