Good Morning

we have finally let go of the mercury retrograde and while the markets have been all over the place not many have made money so I am told.
During that period most moves tend to be fake outs and catch many momentum players off guard.
With the Expiration this week coming to ahead I will be some what surprised if the market stays at these levels or even trades lower.
Next week we have some very strong astrology which will finally give the boost to the market it needs to push through the 1280-1300 level.
As for this week it would be somewhat wise to look at the option premiums and see what the market makers are looking to do..
There is some positive astro on Thursday followed by some negatives on Friday.

Lets look at what has been during the retro time.
1.  The Euro Zone efforts will fail that's no secret.
2. The Government act which has taken all liberty's away from US citizens will come back to bit congress.
3.Gold has fallen over $100.

Lets see over the next 6 weeks what reverses.

review

Afternoon

Recapping what occurred on Friday as server was down then had to ring orders in really annoyed me so when fishing for a couple of days.
Friday we saw the astrology do its thing while it was as I had hoped it did perform and basically got me out of jail as I was hold shorts from 1250.
Now looking forward I don't have much last couple of days market has gone both up and down but with no real traction
This should continue until the Lunar Eclipse on the 11th and then the Mercury direct coming through on the 13/14th, till then it will continue to be difficult to understand this market for everyone.
Technicals are some what all over the place with little if any really direction and so view is be humble..

For the financial astrology students
On a lighter note all news which has come through during this period will be reversed come the 14th on..
Often I have found the decisions or news in the market when announced during the retrograde period is usually wrong or reversed.
So take it with a grain of salt.

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.

review

Morning

When you look at the market the amount of negativity around is some what of a contagion to say the least.
It almost feels like the market can no long have an up day.
Yet when you step back and look at it I wonder how this market can still be holding these levels.
I mean lets be honest we have seen a potential collapses of countries, Major house falls over and yet market still above the 1150-1200 area.
If I remember correctly when Lehman's went belly up market was trading under 1000.
Anyway the astrology is still showing positive moves yet the market is finding away to trade lower.
I guess if the astrology wasn't positive the market might actually be around the 1000 mark.

Lets see whats ahead  astrologically.

Thursday begins the Mercury retrograde period.
Starts from the 24th and runs until the 13th of December

This is a time that whats said in the market is wrong, deals/mergers will fall apart.
To the technical people this is the period where the support and resistance levels will be breached only to turn around and trade the other way.
The market will whipsaw traders.
For the students of Financial Astrology this is a great time to do research.
Needle's in the haystacks will be found during this period.
Use it to obtain ideas but don't implement until after the 20th of December.

Today astrologically I have some trad able moves down for the Bonds and positive moves for the Metals.

AS ALWAYS USE THE ABOVE AS AN INDICATOR TO YOUR OWN WORK.
Cheers
As this is being written 1193.5  bonds 143.12 gold 1691.80 silver 31.66 copper 3.3540