The spot gold and gold stocks pullback after a nice runup in the last few weeks.
The U.S. dollar currency is breaking out.
I am expecting USO to hit 36 to 37 area again.
I am expecting SPY to hit 108 again.
Friday, February 19, 2010
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that may be the top in oil for the day. also, I am looking for that elusive reversal and late day sell off in SPY. this is one strong mofo of a market, that is for sure. OPEX may have alot to do with it, imo.
ReplyDeletemmm. guess I was 100% wrong on the oil call. figures. gonna see how it plays out at end of day.
ReplyDeleteOk, lets try one more time. short term top in oil and on SnP???? looks a bit more promising this time
ReplyDeleteI believe the market will closed where it's opened today.
ReplyDeleteDamn, GCL.. I hope you are correct, because I am very heavily short. Fed news is basically a non-event, but techinically, the market "should" meet heavy resistance at these levels.
ReplyDeletewelcome back dude!
ReplyDeletethanks! until I can make some decent calls, it may not be that great that I'm back.
ReplyDeleteWell, that was fugly. I am out. will try again monday
ReplyDelete