May 3rd, 2010

The spot gold broke the inverse head and shoulder pattern. It is about to go much higher from here.

The U.S. market is about to break down. Lots of big company stocks are already down huge such as GOOG, GS, CLF, and X.

The futures are in the green right now. All I want is the market to close lower than its opened.

The VIX is about to go much higher from here. It had a strong support at 18.

Guys, there is something wrong with the site. I can't seem to put any comments after my first blog for today.

I will add my comments here.

Today action resemble CLF action on April 28. You do know what happened the next day for CLF. Watch for the market follow the CLF pattern.

April 30th, 2010

Remember what I said about CLF few days ago. It had a nice dead cat bounce for couple days and then the stock price took a nose dive after that.

I will expect the market will follow that pattern. The market had a nice dead cat bounce few days ago.

April 29th, 2010

This is a good area to short more.

I bought more SPXU at 27.50 and TZA at 5.76.

April 28th, 2010

Like I said before, the days after April 15th, the rally was a bogus.

It seems like the market have changed the trend from up to down. But the market is not a bear market yet. There are still some bulls out there.

If the VIX breaks above 30, then you can expect the market will have a deeper correction.

April 27th, 2010

The stock market continues its climb with weakness on hands.

There are stocks that changed trends already.

X,GS, GOOG and CLF

CLF just experienced dead cat bounce the last couple days.

April 26th, 2010

Since the day after April 15th, the market went up in light volume.

This is all bogus rally. The shorts who shorted probably covered.

There are some individual stocks already changed trend or breakdown.

April 23rd, 2010

The market keep on rolling higher in light volume.

I am still expecting the SPY will hit 113 and QQQQ will hit 46 again.