Plan for 2009

I am planning on distributing a SHORT list of stock that I think has significant downside for 2009. The list will not be published on the blog as will only be emailed if you request it for a small fee. I feel strong about the list just like I felt about RIMM @$120 which i had as my top short for the next 18 months and it completely collapsed. The list will consist of pure shorts and put options and how to play each of them in detail.

Stay tuned we planning to rock for 2009.


Our affiliated website will be up before the end of year...


MARKETJEDI

TRADE CALL :SS0 Jans $25 calls (SOJAY)@1.85

Just a guess not a big play

Christmas Week

Remember folks dont expect much volume this week. Last weeks volume was terrible even with quadruple witching. Monday and tuesday most traders might just be squaring off positions before the year ends and that might be it for them. Two things concern me here, firstly the second test of 918 was not too convincing and secondly the volume is extremely low which in my mind shows the lack of interest in the rally.
First full week of January the bulls must step up the volume or the fear of non commitment will set back in and we will definitely go down.
One likely scenario here is we get a grind up into the new year then we cramp out in the second to third week of January, then Rally on the Obama's inauguration. This market is trying its best to build a base but the volume is just not supporting it. We will obviously see soon enough.

Been getting a few emails about the action and all I have to say is this time of year most people aren't pushing it and therefore there isn't much to report on. Also we are getting our final papers together for our fund, which should start trading in January. Wish us luck !!!!!!!!!!!



MARKETJEDI.

End of Week

Well this was such an non-eventful week, I dont have much to say. Next week expect the volume to be extra light but I think we should be on guard for higher prices. I will look through some charts this weekend and update with some potential set ups

Thursday

Hey folks - Yep it has been a very slow week and there is a good chance we continue the low volume and grind for the holiday period. Don't overextended yourself looking for trade as they will come to you eventually. I will be in and out today and I am dead beat from having a late night working for some stuff.


MARKETJEDI

Lunchtime

Lunchtime here but volume is low. I am still sticking to higher prices as if the bears wanted to take us down they had alot of time to do it so I am biased to the upside here with at least a test of yesterday's highs

Christmas Rally

Yep yep folks- I still think we have that S&P 980 is in our sight and possibly 1045 if we overshoot. I have been singing on these numbers for the past few weeks and the bigger picture seems to be panning out that way. I believe as long as we stay above the 864 level we are good on the upside, a number which was noted as significant level here.
Tomorrow I hope we gap down a bit so we can take a ride up especially on the stronger stocks and up to the next stop on the S&P which should be 932. As I keep on saying you have to be nimble and since november I have been out of shorts waiting on this upside to play out.
Lets see how we open tomorrow but I will be looking for volume to come in as this has been the thorn in the bulls side and speaks loudly that this rally will definitely FAIL because it is on weak foundation.
I wont speak no the FED decision because it is obvious that we are the next JAPAN. Falling real estate values, poorly run banks, worthless money and zero rates, how ironic when we called the Japanese idiots but we are now in the same position. To my friend Cramer please shut the hell up, STOP telling people we are fine and going high now! The most we have on the DOW is 10300/10500 and I will continue to say that, this is no new bull market just a tradeable rally.


EBAY looks nice here- Hope you all got those calls they are up 30%.


MARKETJEDI