Love this pullback on Gold- Wrote about Gold recently and looking for a decent pullback to get long..
Ditto for Oil
Thursday, January 20, 2011
AMZN
So tempted to short AMZN here- acting a bit weak.
Looks like 1272 will be back in play on the downside
Looks like 1272 will be back in play on the downside
Wednesday, January 19, 2011
YAWN
Not much action here today- GS lower earnings on training revenues should be a sign to all that not much volume is happening in the markets. Last year I have to say most of the stealth rally missed most because it was just not safe to play. I was one who also played cautious but when you look at GS report you can see their biggest clients (hedge funds) also did the same.
Tuesday, January 18, 2011
Friday, January 14, 2011
early next week
Early next week watch for that 1305 area to be taken. That's when I will be ready to play, patience just patience.
Gold
So Gold is getting a pullback but looks like the pullback will be deeper- Gold long after a pullback is a low risk play and should be profitable quickly. Still looking for the markets to drift higher.
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