GOOGLE

Well looks like the mighty GOOGLE missed earnings along with Microsoft and MER news after close showed we are dead in the middle of a bear market. They last 2 days of movement was just short covering in a bear market, if you bought you will be very sad. I think next week will be a down week and next month August will be bloody.
Write it down now I think we will be close to 10000 on the Dow in the next 4-6 weeks. I think a dip below 10k will put some fear in the streets.
I will be going long SKF next week monday. Today being option expiration we will get some false moves so I dont want to be part of it.
Next week folks short Tech and Financials as they are going south here.



MARKETJEDI

GOOGLE

Well although the market is sowing strength GOOG is down $8. Same thing happened last quarter. I would not be betting one dime on this as I think these stock is very manipulated here.

STAY AWAY till tomorrow

WHO KNOWS GOOGLE MAY ANNOUNCE THEY WILL BUY OUT THE FED :) and SAVE THE ECONOMY !!!!!!!!!!

Nice move up

Nice move up off the open. S&P @1258, Watch that 1275 area if we get there today

Nice move up

Nice move up off the open. S&P @1258, Watch that 1275 area if we get there today

Thanks Guys

Thanks for my readers who made fast money yesterday on the USO puts. They were up 100% in about 30 minutes. I really appreciate the kind words.


ONLY WINNERS HERE !!!!!!!!!!

TRADE CALL UPDATE:TWM

PUTTING STOP @$75 HERE ON THE REMAINING 1/2 SHARES. That should look in +$6 on the second 1/2.


ONLY WINNERS

1275

1275 magic number on the S&P.

Target to the upside is there. I expect us to get there. We are at 1250 before the open but not like I am expecting it to get there today.

1275 should make a nice short opportunity.

Also Dow 11600-11750 is heavy resistance and should be a good area to short.