If this guy can't get a business how can I

It is amazing how these banks cried for a bail out but they are not doing what is required of them to free up credit for the economy to get on a roll. I hear politicians talk this and that but the basic fact of the matter is banks are the economic cog wheel that turns on hiring. Something needs to happen but all these politicians are just talk and they banks are just trading and keeping their fat check to themselves. What's New??


http://finance.yahoo.com/news/Small-Business-Cant-Get-Loans-bloomberg-1767086225.html?x=0&sec=topStories&pos=6&asset=&ccode=

Gold

Look on Gold rise- Told you move into the commodities here and I don't see equities following the same path for too long. Now it is very important to notice why Gold is on the rise, the treasuries are at a stand still, currencies are stalled and the equity markets are lackluster. Gold is taking the leadership with Oil.

Probability

Probability we get a shake out here. I wont get into all the technicals but 1129 is a good probability short here or at least to start a position. We will see soon enough but with the commodities looking strong I would be careful being long the equities here.

More up

So nice up move today as said would happen. There is a small gap resistance at the 1129 area and I would look for that number to be in play tomorrow if we gap up. Again the market seem to be trading on this air and participation is relatively weak but the tape says higher right now.

Higher

I think the path of least resistance right now is up. Oil is showing a strong anti seasonal move but I will stick to my game plan for now. I will be watching the close of the quarter very closely as I feel we are in some kind of rotation again into commodities especially the metals.

Next week

More than likely I will be posting back everyday starting next week. In the meantime the markets are doing absolutely nothing. The DOW started the year at 10580 and today we are basically flat @ 10410. Tough tough tough to trade without much volatility but we will see how long this tight range remains.
Last year I warned this would happen and here it is, so it is not a surprise to me. Indeed I think the markets are on a dead shot to hit some larger cycle lows in 2011, I can't wait to see if I am correct.

Oil

Still thinking it will fall hard but we will see. Market looks like it wants a bit higher and actually we seem to be in a little uptrend till the cycle high in October. You never know as the last time it totally didn't trade through the previous highs and in turned it reversed. I will be watching carefully today for sure especially the volume which has been light.
All systems up and running as I type.