Monday, October 12, 2009

THE PLAY TODAY

As usual watch for aforementioned stocks ( CVM DTO LCC AUY SLW SSRI GG NVAX) on gap trades. Market futures green and 10000 on Dow just a touch away. But REMEMBER my uber BEAR call. This could be a set up for the bulls. EVERYONE expects 10K including me. The question is do they nab it here. My guess is it goes down this week.

Watch dollar closely. Watch gold.

I own DTO ....looking for oil to touch 75 before I try another trade.

Lets party.....the bell is ringing....gl

Clarification.....above guess is that 10k goes down this week.....ie YES it hits 10K this week..sorry....if I confused

9 comments:

  1. kli,

    SGY is kicking some serious butt. When it hit 13.75 last week, that was a gift.

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  2. The key for Oil is dollar and from technical perspective it needs to hold $75 a barrel, if it does not then buying DTO is a mistake. Be careful shorting oil, watch and see if 75 holds.

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  3. 75 looks like a certain.....so be careful ...with dto...

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  4. Kli,

    What's your take on UNG right now? Adding more or still holding your core?

    Best,

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  5. Are you still expecting a pullback for buying junior miners? This market is looking mighty strong. TIA.

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  6. Kli, So you disagree with Chuck Cohen's article on Rick's Picks?

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  7. Long term is the only confidence I have predicting gold and its up......

    anon....i added small ung today

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  8. Hey I called this turn at 1079! I knew it's what would make everyone angry, the market seems to be using that playbook lately..

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  9. it aint ova til it ova....looks like a nice triangle before they push it higher this week.

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