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

YAWN

Not much action here today- GS lower earnings on training revenues should be a sign to all that not much volume is happening in the markets. Last year I have to say most of the stealth rally missed most because it was just not safe to play. I was one who also played cautious but when you look at GS report you can see their biggest clients (hedge funds) also did the same.

Steve

I feel like this is it for Steve at the head of Apple. I wish him all the best and hope he beats his health issues.

Steve

I feel like this is it for Steve at the head of Apple. I wish him all the best and hope he beats his health issues.