Wednesday, March 27, 2013

Goldman Cautious

Goldman Sachs is saying they are newly bearish over the short term.
Be cautious on any longs, we are basically going up on very light volume.


Monday, March 25, 2013

Sticky spot here

Very tricky here- Market looks like it is forming a topping pattern but you can't help be reminded of the quarter end markup the fund managers will place-
This is a time to be patient

New Highs

Best chance for the S&P this week to reach it all times high this week or early April. End of month mark up will likely push the market up this week even with all the negative news coming out of Europe.
I have a couple longs on and they are from Names most won't know but this is what is happening on this leg up, we are establishing new leaders, which is a good bullish sign.

Nasdaq is looking really sloppy and in some way it looks like it is forming a huge H&S pattern so that will have be on the caution side when we hit the S&P highs.

Don't push anything here---------Remember 4 day trading week this week

Friday, March 22, 2013

TYL-

Poked this one long too- @58- 56 is my stop.



DRQ

Poking a bit here long for a small play- @86

Thursday, March 21, 2013

GOLD

GOLD needs to break $1630 through on this push up or it will signal a topping here-

Monday, March 18, 2013

Weakness

We are about to open for the weak and we are looking weak- Copper is down 2.5% and the S&P was down as much as 20+ points overnight-

Watching my SDS here at open if enough Profits I will take it off- was a small play