Low Volume week

Sorry about the few posting this past week but I have been really busy and have been watching the Olympics.
Today I got out of 3/4 of my SKF position but still holding my TWM. I think we might bounce a few days in the financials and possibly test the low 1300s on the S&P. I dont think we go very far from there and I would be looking for shorts to enter here.
Russell might go and test 755 to 770 area which would set up a very very nice short there. If you have the stomach for it TWM would be a good place into this zone.
I suspect TECH will fall very very soon. APPLE and RIMM are my two best names short here. I will send out a trade call early next week 100% on two other stock I believe will be 1/2 the price they are now in the next 6 months (Remember FNM and Citibank.

We will see soon enough


MARKETJEDI

LEHMAN

Rumors are abound that Lehman could be a buyout target @ $20, Who the heck knows and that will just be a mid term high for that stock.
The business model for these companies are totally over and nothing will help them long term

Market

Cramer calling for the July lows to be held on the Financials. We will see if it gets a short term bounce and just dies again or this time it is real. You already know where i stand no shot in the universe those lows hold. Give me my 200 on SKF again !!!!!!!!!!!

Anyways GS just crushed here anyone notice. GS going to $125 before it is all over and nothing can save it. Citibank down again, Wachovia down again, LEH down again. DONT buy the financials, DONT.

Gold and Oil taking the commodities higher today and I think they have momentum to the upside here.



MARKETJEDI

TRADE CALL UPDATE :SKF

Well how about another $20+ point winner. Think they are screwing around with it, should be trading much higher from what I calculated. Lets see if we can bust out here in the next few days on it .

Oil

Well they cheated on bought Oil $1 before the 200ma. First resistance should be $126.
Everyone knows I am a Oil bull and I think Oil longer term is a $200 commodity but it sure wont happen overnight.

See You There


MARKETJEDI

Hmmmm

Financials are DEAD money. FNM is going to my ultimate $1 target, when I spoke a couple of months ago that FNM would be $5 it was at $31, go check the blog. That is the fact and it happened. FRE the same DEAD money.
Now for something alot of people don't want to hear. WM going to $1, WB my thoughts is in trouble and will go down to $4, Citibank $6. Yep I am very bearish on the financials. Again I say IF you are buying financials you are going to kick yourself in the ass.
Where do we go next. I think we get a huge down move before the election, my bet is that it comes in September but who knows.


MARKETJEDI

FNM death

FNM going to my target--- DEATH to FNM.