Review

Evening all ..
Well the market is trying to show strength but every time it does, selling does come in.
Obviously not many want to be long the weekend with Europe not sure what it wants to do.
Over in Greece people are taking money out of the bank daily in small lots not to alarm authorities.
While the European Union want Greece to stay in the euro, Greeks are taking it for granted.
Until the Germans say piss off to the Greeks this poker game will continue.
Only then will Greece realise what there doing.
Sun, Beaches and ouzo days have to come to an end.
At the present time don't be fooled by the media reports regarding Greece.
Greece has money, but its better when your spending other peoples money.

I saw this movie once OPM I think it was call.(Other Peoples Money).
I don't for a minute denie that spending other peoples money is very satisfying.
Yet when its your hard earned your hand struggles to dip into the pocket to pay for things..(LOL)
Greece is in the exactly the same boat.

Its only my view but if the Germans do tell Greece to leave you will see a huge rally in both the Euro and the Stockmarket.
Don't believe this Armageddon crap which financial analysts ( clowns) are throwing out to the media.
A country of just 12 million people is hold Ransom the EU , not to mention world markets.
What a dam good bunch of poker players Greeks are .....(LOL, LOL,LOL)

Lets look at the market Tomorrow we have some nice negative which will put the fear of god into the bulls I think.
Also we have a mercury Square Neptune.
So anticipate bad news to be the theme for tomorrow.
How far the market trades lower will depend on if bears want to open new positions.
I don't see any new buy to come from the bulls tomorrow.
I think if 1305 goes we might be riding down to the 1290 level pretty quick.
Just my 5 cents worth.

As for the metals there was some hope there but its was false.
So they should continue falling away.
As I have stated before I think $1400 before $1600 is my view.

Coffee and Corn have taken a nasty hit of late, might be an opportunity to buy either Sep or Dec.


Cheers

Had to respond publicly

Just a few facts to think about before making certain comments.

If and I do say IF the Fed was to announce QE3 the market would have some idea of it coming.
Either treasury or the Federal reserve would be sitting in the market and loading up on stocks , commodities or bonds.
It gives them fire power to make gains which flow back to the government and of coarse to Tax payers.
As always when this is the case treasury will use Goldman's and the Fed use JPM to do there bulk work and get it ahead to the market.
This isn't happening at the present time, so its only my view but you do need to stop listening to analysts who are beating there own drum on Commodities.
If gold was as strong as analysts are suggesting then gold wouldn't be at these levels.
Gold is a commodity not a currency and the fact that money hasn't run to gold this time around has got to warn you that the safe heaven idea of gold is finished.

This bullshit that gold will explode to $3000 this year is a very irresponsible comment to make.
I fear that this idea that gold will be the only currency standing is a joke ..
Sorry not out to offend but you need to realise that this isn't so .
I'll mortgage everything I have if gold get above $1800

save your money and live to fight another day, I wouldnt be pumping more money into loosing positions.

Ask yourself this if the people who have been making these comments run funds ask to see there performance in the last 6 months.
If they are that brave to make comments like that then they wont have an issue with you looking at there returns for the past 6 months..
Or better still you send me the fund names and I'll find out through a friend of mind who is a Fund of Funds.

Just my personal view.

Evening all

What a wonderful day for trading, market went down as expect and bounced again which was great.
Just gives us another opportunity to short again I think.
As for the metals well what can you say, there in deep trouble and its only going to get worse.
$1400 or lower is my target for the August gold.

As for the bonds yes they look toppy but I gutsy and I might say stupid trader would short them at this stage.
Lets see what the weekend brings before acting I think is best .

As for the whipping stock Face Book what can you say.
Now I saw something on the net which I just laughed at Lawsuit in New York....
Your either stupid of just want to spend money for nothing..
The Banks own the court system in New York..

If the MF Global senior management got away with loosing billions and not even paying a fine forget about jail time but a fine.
Then this Lawsuit is dead in the water and hope no one who reads this blog is participating in it as it will cost you money.
Just a bad investment move on ..

I also saw CNBC talking about Apple stock technicals and the turn around while it might be the case not yet ..
Stock should go lower before trading higher. that's what my Astrology is showing .

cheers

Evening all

Well don't say I never warned that the FB IPO would be a flop.
If they had consulted an astrologer it would have been a far better success.
Instead they took the bankers ideal launch and now there in the news how greedy the company is.
Silly people anyway such is life.
As stated previously I wouldn't be a buyer until under $20 or maybe $10 depending on the astrology.

Tomorrow market might try to pop up but should come back and be down for the day.
The 1290 level this time might not hold by Thursday close so we shall see how things go.

Metals should come off again...



cheers

Facebook

As Always the retail clients get screwed..
So where is the defense of the stock.....
A simple crock of media shit...
CNBC and other should be ashamed of there reporting of the stock.
Its a disgrace how they pump up the retailing public to buy the stock while the professionals sell.
Anyway for those who are short hold on we are going lower.
It might have a pop tomorrow but then coming off Wednesday afternoon onwards.

cheers

Morning to you all

We have had a Solar Eclipse over the weekend, which tends to bring turns and change in momentums for many markets.

I found that pre empting Solar and Lunar moves tend to cost me money and so I tend not to trade on days after these events.

Today’s where you put technical’s to the side and just observe the market.

You will see markets very volatile and many will get washed out in the clean out.

As I said Turns.

You need to look at what was happening heading into the Eclipse and the opposite should be heading out.

But that doesn’t mean that there wont be another sucker push down.

In grains the opposite will occur.

The will continue there merry way and will gain more strength with coming weather issues affecting harvests.

With face book geez it was funny I don’t know if anyone saw it or if it was a computer glitch, but I saw 216 million shares on the bid at $38.

Never seen that before!

Lets see how long they last holding the stock up before it falls.

I think Face book might become everyone’s whipping bitch for the next month, taking over from MSFT.

Time will tell.