This week

Will be taking it easy this week as I dont like to trade much when there is little volume. My postings to the blog might be minimal if we have the rest of the week like today. Tomorrow I will try and make my daily in the first hour as it was like watching paint dry today in the markets. Action was poor and the sell off, although no heavy in the last 90 minutes makes me wary of moves here.

We should see some rotation into the weak strong since it is the first of the month, so watch for the retailers and financials to get some buying. I think that the agro stocks might get some selling in the next 2-3 weeks but we will see, I will make an official call if something sets up.

TRADE CALL :SOV out

Covering SOV short here. $4. geez.
Plus $4 on a $11 play is just too awesome.


ONLY WINNERS HERE

TRADE CALL: FNM OUT

FNM finally went to teenager status. Taking off all short here +$11.

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

Think we might get a bounce in the financials

This week

Well folks what will this week bring. I DON'T KNOW. As of now we are extremely oversold but that doesn't mean we can't continue the selling here. What I saw friday was some strength in the russell and nasdaq which puts me in a neutral stand for today and tomorrow. Now what I would love to see is a early push down and then some buying and MAYBE we can head a bit higher from here. Nope I am not turning bullish, far from it but we are extremely oversold here and the best scenario would be for a bounce then a flush again to lower lows.

TRADE Update:-

WOW we are ROCKIN!!!!!

SKF new HIGHS..
C- now $17
FNM $20. Predicted FNM and C would be teenager stocks. WHAT A CALL.
TWM now up around $10.
IPI still trucking along.
MER death
MS death
GS death.
WB death
BAC death.

All called here!!!!!!!!!

ONLY WINNERS.



I will be making a market call after the holidays that will shock most people. Yes it is that crazy!!!!

As expected

As expected after a huge move yesterday we are just choppy around. I am waiting for market to tip its hand and where it wants to do.

BLOOD IN THE STREETS

Seem like there was blood in the streets today but we haven't seen nothing yet in my opinion. I believe we will be south of DOW 10000 very very soon. You can't say you haven't been WARN but this market when all is said and done will be much much lower, today''s trading is testament of that. While I do believe we will get a bounce here and there because of the optimistic nature of most it wont last long. I expect any good bounce to climax and head south harder.
Don't throw away you money folks this market is in an prolong downtrend and wont reach new highs andtime soon. You must understand nothing goes in a straight line and we will get bounces but they will all fail miserably. Saying that, I expect some of the large banks to suffer major losses and go under (YES BANKRUPT) when this is all over. The Tech sector where everyone is hiding will crack and high flyers like BIDU and FSLR will see double digits once again.
The deal here is to short the bounces. That's the key period!!!!
On the horizon I will be adding alot of new stuff to the blog but as it is my aim to keep it simple as possible for the average joe, I still want more readers to have more options in trading. Soon to come will be alot more information and strategies on futures trading and how to profit from managed futures, so stay tuned.

Hope you are all profiting from the wonderful calls here because they have been unbelievable. One of our futures account is up 30% since last thursday, yes 30% in a week, just awesome.

MARKETJEDI