Not good

What a coincidence after the close.
We first get Amazons numbers which a very good which is great but then S&P Downgrade Spain.
S&P must have been sitting on this all day wait for the appropriate moment to release this news as not to freak out the market.
Can you imagine what the move on the market would have been if this was released after the 8.30am numbers or the open.
Market would have dropped 150-200 Dow points of the bat and spent the rest of the day trying to recover.

This smells like insider trading if you ask me!!!!!!!!!!

Anyway Gold went up which is great and coffee marked time...Did get the coffee on the close but missed the gold...
Will try again tomorrow.
Holding short ES 1388 and 1392

Got an email today which disturbed me a little.
I put the astrology out there not to prove its validity but for all to use it as another tool to one's own work.

Yes astrology is sometimes early but that's where your own work should filter out the move.
Astrology is not the holy grail let make that clear.
Its I believe one of the best indicators or anticipated future moves.
Others have Cycles, and some have technicals which is fine.
I just put it out for all to see and make what you will of it.


Cheers
Thanks once again to the emails I receive regardless of positive or negative it is what it is.
One need to understand how to use Financial Astrology before being critical.
Once you do work that part out you will see the market in a completely different light.

Profit booking time

Hello all

As mentioned in the above post Monday's 1354 was the low and today I believe we might be close to the top for now.
In other words all the WHO WHA is over and a reality check might be on our way.
Market didn't get anything from the Fed either.
I'm actually quiet pleased that the Fed didn't give the market any hints about moving forward or cushion.
To have a real strong market you need the market to stand up on its own two feet not keep pumping more money into the system.
Ok its doing it on the quiet but not publicly...LOL

Sure the market will swing around but a market can price assets accordingly not intervention.
Look at the BOJ, every time they have stepped into the market with in a month its gone (the yen's value )past what it was when they moved.
Now with no intervention you are seeing the market price the yen accordingly.
Same as the Euro right now, with the EU central banks taking on all comers who want to short it.

In trading I'm covering my positions at the 1388 It might have a little more but I'm happy with 20 handles.
I am going to look to the short side as I think the market might just correct back to the 1370-1375 area.
I am buying July Coffee under 176  and June gold under 1645..

Market might be in for a shake out of the bulls now as it did shake out the shorts at 1378-1380..
Just my humble opinion.

Also just want to make the point with Apple..
I am not a Apple hater!!!!
I think its a great company with huge potential, and can turn the tables on the world to show what Us technology is capable of.
The fact is the companies Astrology isn't good at all at the present time and that's why I will continue to short the stock at every time opportunity presents itself.
Until September both bulls and bear will make money on this stock its after September that you can sleep at night long the stock.


Cheers

Hello all

Today's low should be noted as it does have a lot of significance.
Any weakness on Globex I will be a buy rather than a seller.
My work shows we can have a run up to the 1390-1400 level if not higher.

In commodities we see gold and silver had a shake out .
With Ben having his 10 minutes this week I suspect the metals could run up so I am waiting to see how they respond in Asia the first hour and then will buy.

Bonds I believe are very heavy and are extremely overpriced but there is a serious arb going on there where the European bonds are sold and US are bought.

cheers

Review

Morning... The news coming out of Europe isn't getting any better and yes it might roll the markets, but Europe doesn't have APPL.
As much as many feel markets will all fall if Europe drops money will run to the US for safety.
That's why you are seeing good stocks hold up while others are fleeced.
Its great for the Fed to continue to more Auctions  with the bonds holding a strong bid at the present time.

In Commodities the metals cant seem to get it going while the grains a trading sideways.
Has the Indian Boycott got to do with the gold fall I don't know but its becoming a huge concern.

In the currency market, its just a war zone there. Central banks are devaluing at an alarming rate.

For the Financial astrology students.,..
23rd look for a low for the week.
24th positive.
25th negative in the Morning and positive after lunch
26th should be positive for the employment numbers but then it will fall away.


As always use the above as an indicator to your own work.

cheers