FOLKS -ONLY WINNERS HERE!!!!!!

SOV short from first week of March @$12.30 now $8.72. That's almost 50% profit here folks.
FNM Short last week at $30.80 now $26.53.
SKF up- As you should all be in anywhere near 100. Now $109. think we can get another $30 again on this.

MELI Options already +28% in like 2 hours.

Listen we only pick winners because I only call high probability trades for you all to grow your funds and show you how to trade. These trades were talked about many times on the blog and everyone should have profited.

This week has been rough. Volume is extremely light and I hope we will get some direction very soon. Just keep the power dry because you will get the big winners here.

TRADE CALL: MELI CALLS $45

Risk is all - I am holding yahoo and Meli calls till next week based on all the hype of microsoft buying yahoo.

MELI $45 CALLS here @2.50

Risk is ALL

Not bad

Market is not trading bad here- I am still sticking m head out there saying we should trade higher into earnings but who knows. The resistance target numbers above are still the same ones I mentioned earlier this week. We will see soon enough

Did anyone listen

Did anyone listen to the hearings last week pertaining to the Bear Sterns bailout. Did anyone hear Bernanke and the head of the New York Fed state only bank they could have gone ot was JP Morgan!!!!!!!!!!!!
Do you understand the implications on this!!! Other than the conspiracy theory about JP Morgan and the FED, they are really saying only JP Morgan is the only financially sound institution in this economic climate. Geez SCARY!!!!!!!!!!!!!!!!!!!!

some predictions

I think Oil will hit the $116 area here on this push with $121 being the ultimate target. With the economy seeming fragile and traders not that enthusiastic about equities I think the commodities markets especially oil will get a push here. The Euro should also push on this also and from the charts it looks like 1.6150 area might be something to look for as initial all time high target if it clear the congestion in the 1.59 area.
Nothing has changed here people. short the banks and brokers and long commodities dont get your mind distracted from the talking heads on TV.

SKF long- Winner\
FNM short Winner.
SOV short kicking butt slowly but surely.
I purchased some GS puts here $180 today. I will see how those work.

I had a dream that I was trading GS at the $120 area. I think that dream will come true, we will see soon enough

Good luck with the rest of the week.

Oil projection--$121

I am now projecting oil to goto $121 per barrel based on wave analysis, more on this later

Current Trade

FNM short we up +$2 on the partial shares we in.
SKF+$5

man we rocking and rolling, too bad i said scale into them. I only have a few share