February 26th, 2010

Today is the last day of trading in February.

The last two trading days were out of ordinary trading.

Carefully looking at the charts, the market could be in a tight range for couple days.

I am watching AMZN, AAPL and GOOG closely. If these three decides which direction to go, then the market will go with it.

February 25, 2010

Northeast area is having another big snowstorm.
The snow from the first two snowstorms didn't melt all the way yet and here comes the third one.

The market gapped down more than 100 points. If it trades like this after 10:00 AM, it will close over 100 points down today.

February 24th, 2010

This was so nice that the market gapped higher this morning.

It did three reasons that I like for shorts.

1. The market retraced back up where it broke down yesterday morning.
2. There is a morning gap this morning. The market will likely close that gap.
3. The market will likely closed lower than it's opened. It will formed a black bar.

February 23rd, 2010

So far my predictions are coming true.

GLD hitting 109.50 to 110.00
VIX hitting 18 to 19 area.

Yesterday 3:00 PM selloff ( very close) and around that time it could be the top for this week.

I would expect SPY to hit 108 again. This means SPXU is very close to 38.5 to 39 area. There is a gap there.

USO will probably hit 36 to 37 area again.

February 22nd , 2010

So far the targets that I mentioned had hit.

GLD at 109.50 to 110.00
VIX at 18 to 19 area.

This week the market will be down.

February 19th, 2010

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.

February 18th, 2010

This is a great opportunity to short from this level.

The market just had its relieved rally.