1425

Still getting this target on my work- Obviously I am then going to infer we will see this number close to the June time cycle high or soon after.
Will that be the top? Maybe but one thing is for sure it will be a significant number

Target achieved

So the April or June high has hit but I think we can go a bit higher. We truly wont be at a high till the S&P also achieves the same. As most would have found out, this week is a holiday week and most traders are out including myself so don't be satisfied with this movement without any volume but we will take it if you a bull.

I would be lightening up on any longs today since tomorrow is a holiday.

Now I know

Now I know why we are moving so strong today: we got a three day weekend: None of the big traders are trading and the smaller guys are pushing us higher.

Strong move

Strong move to the upside I guess all is well and their is nothing wrong with being downgraded. Gotta love it

Oil May Hit $150, Gold $2,000: Risk Assessor

Oil prices are likely to hit $150 while gold may go above $2,000 longer term, Nick Bullman, a managing partner at research-based risk assessment service firm CheckRisk, told CNBC Tuesday.

In the Middle East and North Africa, "the genie is out of the bottle" and the unrest is " very likely to continue for some time," Bullman said, adding that over the short term oil, which currently trades around $105 for US crude and $119 for Brent crude, is likely to spike to $135.

Demand from Asia is high, the glut in WTI crude is temporary and Saudi Arabia is unlikely to be able to make up for the difference in output from other countries in the Middle East and North Africa where exports decreased, he said in support for this bullish call on oil.

Gold as a store of value will continue to go up because "the monetization of debt is a big problem," Bullman added.

The precious metal is likely to hit $1,625 for this year but "it's going to go above $2,000" longer term, he predicted.

UK real estate is an area where prices will go down, according to Bullman, who expects them to fall between 20 percent and 25 percent from current levels this year and the next, because of high food and basic products inflation combined with unemployment and high debt levels.

Bulls or Bears

Well I am still hanging that the bulls have the market in full control though we sold off yesterday. I got crushed by the news yesterday but that's how it goes as news always rule. Today I am looking for a turn around tuesday and maybe a possible remount of friday's high.

nose dive

11:00 and we hit new lows- Looking to see if we get to that 1285 area. very possible