Market

S&P trading weak here- see if they try and tag that overnight lows 1318 area. I do have this as a significant number in my analysis

Oil

So Oil hit my $113 projection and has been in pullback mode since then. I do expect it to fall below $108 and when it does i will draw up new projections to see what next might happen in the medium to long term. In the mean time we are doing a whole lot of NOTHING in the market. This is worse than watching paint dry
Busy week for me so posts will be limited.

Oil

Called Oil to $113 months ago and here it is - $112.91 :) close enough. Stocks are going to get their pullback here for sure I would be watching next week carefully to see how the leading stocks pull in.

1342

I am getting a bunch of projections to that number. Now I dont know if that will be the secondary highs of the last highs or just where they would like to push the market to here. We will see- A whole lot of nothing going on this week except of the move caused by the second quake over in Japan. I think it is a good thing we pause right here and consolidate but the market will do what it wants to do.

Oil

Oil heading to the $113 target ...

Earthquake

Another earthquake- geez-

No Action

We are in a period of consolidation here. Yesterday was brutal to watch as we were in a tight range for the whole day. The S&P traded within a 2 point range for two hours, crazy. On a different note I do see some of the Nasdaq leaders show relative weakness, for example GOOG and AAPL and this makes me cautious here especially with the low volume. Stay light here this the market tips its hands or play long term time frames, it is just not worth it.