Review

Morning  
What a day yesterday was and what did it achieve?
Its called jack shit...A term used to express ones disbelief at what happened.

Lets look at in in depth..
Not one of the central banks is prepared to guarantee countries loans so, what are we trying to achieve..
Band aids don't stop bleeding.

So while the banks all think they can maneuver the markets  as they like the one dominating play china isn't part of the game..NOT GOOD
Also this was announced during the confusion time so it wont work and in fact it will get worse, more than people think.

While many think the central banks can move markets I have very reliable information that treasury was caught with over 800k long  ES contracts.
Anyway that's life and we move on.

I got stopped out like many others so looking to re-establish again.

While today I anticipate a push above the 1250 in the morning I do believe we might come off in the afternoon.
As the astrology will start to gain momentum during the day today and then really kick in tomorrow.
One can pick there spot and move.
The astrology start to move into negative time frame from 10.44am NY time.
In the event that you fear the bulls run please just stand aside and don't risk trading.


 AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written ES 1243 Feb GOLD 1751.10

Postions

Morning
Well the market is taking the hits from every angle at the present time.
The rating agencies came out again and downgraded basically all the banks, who prop trade...LOL
I think there a little late for the MF Global Clients..

Its also interesting to see that over the last 2 trading days that most of the move in the ES has occurred during European time and not US time..

Astrological view.
There isn't much today to support either up or down,
But Thursday and Friday is a different story.

Personal View
Didn't think the market would hold the 1200 level.
This move up has been nothing more than a short covering rally, and not new money coming into the market.
So for the bulls the gas is or has about run out.
For the Bear get ready for offense now..
There is another nice power move coming Friday .

Disclosure
I am short ES DEC 1201-1202... short FEB gold 1721.00

 AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written ES 1189.25 Feb GOLD 1711.10

Positioning

Morning
I had a look at the market and it seems that there was a real deal to buy the market....NOT
While yes there are some small positive aspects, which have now waned, there are some major obstacles ahead.
Does the market break the 1200 level? Maybe but the question is can it hold it and close above it.
Finch had there 5 minutes also putting the US on negative watch.
Now if it weren’t for the retrograde period we are in the market would have fallen hard.
But as I said a week ago what else is there for the shorts to get excited.
We need a bounce of some sort to give everyone that impression that the market is gearing up for the Xmas rally.
At the present time I don’t have much on the market today or tomorrow, but Thursday we need to prepare for a nice drop on the market and commodities.
So for the time being observer and if you see an opportunity then act accordingly.

Please also note that any news, which is coming out, won’t come to fruition.
News from Europe, news on the US economy if it’s bad then after the retrograde it will be good, (Visa versa)

My work shows that the Solar Eclipse will affect more the commodities than the Stock market.
Metals more than grains.

AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written 1192.25,gold 1714.20

Quick update

Will be back on tomorrow so not trading today.