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.