September 30th, 2009

The premarket action is pointing up. It will open gap up. Again, watch for 106.50 area in SPY. It is a very critical point. The defense stocks are continue to go up. Gold stocks are about to rise again.
Now the shipping sectors are about to make a turnaround. I hope that some of you were able to buy X on the dip in the afternoon below my price. That was the bargain. Watch C for a breakout soon.

September 29th, 2009

The premarket action will be just a tad up. The SPY will probably open at 106.5 area. I will be watch that very closely. If SPY continues to go higher, I am closing my short positions.

September 28th, 2009

FYI, right now the equities or stocks, oil and spot gold are in a pullback, not a correction. It seems like all 3 of them are correlated to each other. If I am expecting spot gold to break all-time high on the horizon, then equities and oil will follow. Then U.S. Dollar currency will go down farther. The premarket action is pointing up in the morning. I am expecting to close the morning gap and retest the Friday intraday low. If the market breaks the Friday's low, stay short. Otherwise, if the market bounces of the low or morning gap and heading back up and higher than its opened, it is time to close our short positions.

September 25th, 2009

The market will probably open near the yesterday low. If the market breaks the yesterday low, stay short. Otherwise, it will try to close the morning gap and retrace back up.

September 24th, 2009

I am expecting the market to bounce back up a little from yesterday decline. During the pop I am looking for CLF, AMZN and GOLD to short. The best time to short is to short the pop when it is about to turnover.

September 23rd, 2009

The premarket action is probably flat. Watch for possible breakout on SPY at 107.50 and QQQQ at 42.83.

September 22nd, 2009

The premarket action is almost opposite of yesterday premarket action. Watch for QQQQ. It will probably open at near the 52 week high. If QQQQ breaks out, you can expect most stocks will follow or continue to breakout. I believe SPY will retest 107.50 area.

September 21th, 2009

Good morning all. I will have an early meeting first thing on my job. So I will make the first post for today. As I write this the premarket action is pointing down. There will be a gap down in the morning. Last week I stated that if the market opens 30 to 80 range down or up, it will try to close the morning gap. Unless the action for the first 30 minutes if the market quickly fall over 100 points, then it will close over 100 points. If it ever close the morning gap and reverses back down, good sign for the bears. But if it goes higher after the gap is closed and close positively, the market is still have legs to go higher. This will be very bullish.

September 18th, 2009

I am expecting SPY to hit 107.50 area again. The market rally continues.

September 17th, 2009

Sorry for the late post. Can the market go higher? For the next few days, I am expecting the market to go higher and hit a climax soon. Tomorrow it is option expiration date. It can get little weird in trading.

September 16th, 2009

The premarket action is slightly up. It will probably gap up this morning. Could this be the blow off top for the bulls? In order to convince the end of the uptrend, we need the market to close in negative and at the yesterday low. Just be careful. It will try to close the morning gap and it could bounce off from there and go higher.

September 15th, 2009

The premarket action is slightly up. Yesterday action gain was a washout on Friday loss. Watchout for S&P 500 at 1050 level. It seems like the market is ready to go higher. In back of my mind I believe it could be a false breakout.

September 14th, 2009

Good morning all, as I write this post earlier than usual, the premarket action is pointing down.
Watch for the first 30 minutes action. If the market quickly fall below more than 100 points within that timeframe, it could close more than 100 points down today. If it doesn't, it will try to close the morning gap during the day. I am expecting some kind of pullback this week. Our targets for SPY is 101.25 and QQQQ is 39.95.

September 11, 2009

I am looking for some sign of reversal today. Also I am still looking for SPY to hit 101.25 and QQQQ to hit 39.95.

September 10th, 2009

I am still looking for SPY to hit 101.25 and QQQQ to hit 39.95. The premarket action will be probably flat. It seems like 104 is a resistance level for SPY. Spot gold is continue to fall.

September 9th, 2009

Hey all, sorry for the late post. I had a long meeting this morning. I am still looking for SPY to hit 101.25 and QQQQ to hit 39.95 in a few days.

September 8th, 2009

All the targets that I mentioned had been hit so far. There are no open targets. We can start out with clean slate in a new day of new week. The premarket action tells us the market will be open higher. I will be watching very closely the first 30 minutes action. I would expect SPY will 103 within that timeframe.

September 4th, 2009

Ok. let's try this one more time. Look for QQQQ to hit 39.80 target.

September 3rd, 2009

I am looking for QQQQ bounce back up to 39.80. I believe the market is not ready to go down yet.
You will see sideway action back and forth between in the high 38s to 41 area.

September 2nd, 2009

Look for a intraday bounce back up for QQQQ to 39.80.

September 1st, 2009

Either today the market will see a breakdown or fill the yesterday gap. In order for the breakdown SPY will need to go below 101.80 and QQQQ at 39.80.