As planned

As planned with a little waiting we going to hit that 1305 and we making the pullback in the commodities as expected. I suspected it would have happened last week but better late than never. Stuff setting up nicely to soon make some entries.

Gold, Oil

Gold and Oil getting the pullback we need to get on board long. Just a little patience, will get a better entry.

AMZN

shorted 1/2- 177.35. This is a medium term play.
Could be early as I am now getting some targets high than the previous 1305. I am getting some numbers around 1324 now. That's the reason only 1/2 position here.

Plays

I think I see some plays I might post- I have been watching carefully and I still holding my analysis that 1305 is an excellent risk reward play to hold shorts. Longer term I think we dive somewhere in 2012/3 as said months ago. It is from my analysis that they are setting up a phantom push in equities to sandbag folks again. The charts just don't lie.

Most Gold and Silver cycles point to a high in 2012 which matches the expected low for the US Dollar in late 2012, and is probably the reason why Gold has not gone parabolic yet like Oil and Natural Gas in their charts.

I think their will be lots of volatility to come as folks are getting complacent and this will cause volatile moves when issues arise.

We will see soon enough

AMZN- Short 1/2 position on Monday if new low is made after 10am.

So far

Not much to sink teeth into after a gap up- I am still looking for a push to that high range 1305 on the S&P and then analyze where we go from there.

Gold

Love this pullback on Gold- Wrote about Gold recently and looking for a decent pullback to get long..

Ditto for Oil

AMZN

So tempted to short AMZN here- acting a bit weak.
Looks like 1272 will be back in play on the downside