Warren Bufet

Well Warren Buffet can't save the markets maybe he will save BAC for the moment but just look at the reality of this amazing gap up and they all sold it off in the pits. That should make us really cautious that the big guys want out of this market.

APPLE will suffer the same in a year I can see that stock much lower. I have to admit Steve Jobs is one of the most is not the most visionary minds of our times, it will way on the company for sure. I remember getting my first MAC computer @14 and it has been a love affair ever since.

Wish him all the blessings and hope he can recover fully from this cancer

BAC

Important number for BAC is $5.75, must hold this number on the downside or we will visit the $3 range

1124

There goes 1124- no support there though. Next support between 1111.5 and 1112.50

Yawn

Just a slow day but watch 1124 on the S&P for some support. Looks like we in the summer dull drums

Option Expiration today

Option expiration today- no doing anything today so blog will be dark.

GOLD

With Gold at all time highs I look at what could be resistance next.

$1972 is the resistance area to watch

Interesting

http://finance.yahoo.com/blogs/breakout/market-death-cross-mode-stay-sidelines-says-louise-152153683.html?sec=topStories&pos=3&asset=&ccode=