Friday, January 28, 2011

Closing numbers

1276 - hmm who said that number? Oh well will be interesting to see what happens over the weekend with Egypt

WOW

IF these guys hit 1276 today. We will be in for some selling for sure in the coming trading days weeks.
Bad sign and if we hit 1276 and don't bounce and hit 1272 forget it, that 1302 might be highs for now.

OK

S&P taking a beating here- 1288 is the number to watch on the closing basis. If we close below 1288 we set a bearish tone for next week.
Man look at Oil MOOOOOVVVVE.

OIL OIL OIL

Sitting on this oil for the last 4 days- Look at it go. PATIENCE!!!!
Got a new play - rack them up

OIL

Oil flying on the Egypt news. Not looking good, It will be interesting to see how the US government response to this.

GOLD

Gold getting the pullback it needs- GOLD will see new highs in year I think but this pullback is healthy. 1297 seems like a nice spot to dip foot in for long term but I wouldn't be surprised if we go a tad lower.

Thursday, January 27, 2011

WRONG CNBC

Again the idiots on CNBC all wrong or maybe they had the right trade but wanted all the viewers to take the opposite trade so they would rack up.
On their stupid show they said people buying AMZN $200 calls like crazy, so the stock will trade higher, REALLY. They missed, I know they would but I wont let out my secrets :)