Monday, August 29, 2011

SP-500 Weekly + QE 3 In Sept = Markets Short Term Jump

SP-500 Weekly
  • Bulls Get Ammo From Fed Speech
    • September 21st Next Fed Meeting
      • Look For QE3 To Be Unleashed
  • Market Jump Should Go Tell 1205-1235 Before Heading Down Again
  • If Bulls Can Break 1257, Bull's Will Control The Market

Sunday, August 21, 2011

Gold Near A Top & SP-500 Trading Range

GLD - Weekly
  • GLD Starting To Look Like SLV Did Before It Topped
  • WOULD NOT BUY GOLD HERE
  • If Long, Have 5% Trailing Stop In Place
  • Could Get One Last Big Pop Near 190 Range On The GLD
  • Note If There Is QE3 Gold Could Go Higher, A Lot Higher
SP-500 Weekly
  • Support Should Come In Around 1090-1100
  • Once Support Is Hit Look For A Bounce To 1170-1235
    • Bounce Could Come Into Play Do To New Hopes of QE3 Or Euro Bonds
  • If Support Is Broken = WATCH OUT
  • Market Could Go In Free Fail