Monday, July 26, 2010

BINGO



Achieved, now lets see if the bulls take a rest here and gather the strength to move higher.

Sunday, July 25, 2010

Market



Last week was back and forth with the Bulls coming out ahead in the end. It looks very good for the 200 day moving average to be tested early on this week.

Does this mean the Bulls will be back in force? Not quite. In order for the Bulls to resume control, the 200 day moving average needs to be breached.

Best scenario for Monday will be a gap down for a buying opportunity and then be watching closely if that 200 day MA is tested. There may be short term day-trade opportunities off of that bigger time frame moving average, so stay alert.

Wednesday, July 21, 2010

WOW

Markets surely dont like what bernanke is saying. What did hey really think he was going to say, that we on the road to full recovery, hahahha what a joke.

Tuesday, July 20, 2010

APPLE

Hate that stock rrrrrrrrrrg. have some puts looks like they going to be worth nothing after this push higher after hours.

Have a feeling

Have a feeling something is out there that will about to surface to scare investors again. News is going out about a surprise interest rate cut and that tells me something is out there ready to happen. Could it be that more countries are about to default??

BAC

BAC finally broke down below that $15 level and now shows a confirmed lower. Next level to watch is $12.75

GS

Well GS is saying environment became very difficult in the last quarter. I want to see how the spin this during their conference call. Futures has continued its weakness since GS earnings announcement.