Boring

One thing to note the market is still showing no signs of volatility to trade. Although a few stocks are performing the indexes themselves are doing nothing. Seem many are sitting on the sidelines again, remember Goldman said December trading was terrible volume wise.

Target

Just popping in before I travel later today. Target on this head and shoulder pattern on the S&P is 1124. Keep an eye on that number as it should be target and bounce area if bulls are not weak here. I also got a minor reflect number @ 1127.

Out

Heading to the Big Apple tomorrow so will be busy today for my trip. I will not have much time to post next week but I will be back on the 19th 100%. I might pop in and out.

Thanks Meredith

Meredith Whitney downgraded Goldman Sachs estimates for the coming quarter based on her numbers of a very slow trading December. I feel alot more confident on my BAC short though it is a long term call.

Thanks Meredith

Oil

Oil continues to gauge itself against the US dollar. Although many out there think Oil should be lower technically as long as it is pegged against the US dollar I have serious doubt Oil will go down substantially.

Very quiet open

I wonder if the storm is taking its effect or are we continuing the dull drums left off from 2009. It will be interesting month I can at least tell you that.

Life is full to bull crappers

You know life is full of bull crappers, people with a lot air in their head and just talk like they know a lot. I am no psychologist but I believe people who are like that are insecure so they try and portray themselves as knowledgeable or important.
Humility is a great sign of a wise man because a wise man / woman will listen to anyone because he knows knowledge is infinite and therefore we can learn from anyone. Arrogance is a sign of a idiot, so listen and do less talking, more observation, less trying to be a boss and more of a sponge trying to absorb all nature and the universe has to off us.

MARKETJEDI