March 18th, 2010

The market will retraced back down. There are two gaps for QQQQ at 45 and 46. Also gaps in 111 and 113. I still expect SPY to hit 108 again in the near future.

March 17th, 2010

When will the housing market recovered? The answer, my friend, is when the FED starts to raise the rates. When the FED starts raising the rates, the cookie will crumble.

Right now the market seems like it wants to continue to go higher. Is it a trap for longs or shorts?

March 16th, 2010

This week is triple witching expiration.

It seems like S&P 500 is stuck between 1150 to 1155.

March 15th, 2010

March Madness is coming. I love to watch college basketball tournament games.

GOOG and AAPl took a big hit right from the start.

I am expecting the market to retrace back down this week.

March 12th, 2010

Again the market dropped to break even mark.

Well, the market is way overbought now.

March 11th, 2010

Yesterday action was very encouraging for the shorts.

The spot gold broke down and the VIX closed in positively.

I will expect the market to head back down from here or retrace it back down and close some gaps that left behind.

March 10th, 2010

Sorry for the late post. I was stuck on a task this morning.

Every times the market dropped in the afternoon, it dropped to the break even mark.
I am still looking closely on VIX, USO and GLD and dollar for direction from here.