-Markets have been in a steady climb since DEC 19 2011
-The Dollar Index UUP has been in decline for several weeks but today caught a big bid in the positive .65 biggest in week
Please look at the Chart http://stockcharts.com/h-sc/
-With Dollar rally we saw commodities take a huge hit GLD/SLV ETF both having huge drops today SLV was down as much as 7% and GLD was down $80 because of the huge rally in the dollar
-The $TRAN Index that shows transport has been in slow decline this Index is for big transport companies like Fed Ex , UPS and other big transportation has been slowly in steady decline usually is telling of a downward market, transport usually shows the movement of imports and exports and demand for goods, great indicator for market outlook
Please look at Chart http://stockcharts.com/h-sc/
-The dollar UUP usually trades inverse to that of commodities and stock market yet the markets did not pull back while the Commodities saw huge drops
What we are looking at right now or for is watching the UUP (US Index Pro Shares) and what it does during the trading day, a break below 12,080 is a great time to add shorts as it will breach support and will signal a bearish sentiment. A close below 12,080 will be safest bet to try to short the market or add puts to stocks that are at highs. So far the Dow has tested and came close to break 13,050 level but on 3 occasions was not able to close above this mark.
So we are still looking at stocks like for possible short if we see these indicators go off
AAPL
SPY
QQQ
MSFT
MA
IBM
Our SLV put options went from .87 -2.60 and we believe SLV will go lower remember to sell for profit and hold some as we feel $32 support will be tested
CAT went from .76- 1.50 today Marc 2 Puts in the money
AMZN puts strike 175 March 17 we are holding 1.40 now at 2.60
OTC stock markets
VTPI .0009 this dormant stock today released 8k after record volume saw a high of .0018 before profit takers came in , we could see update on news as this one continues to see volume, only 296 million outstanding shares and the chart still trading over 50 day moving average , I think it could see .004 range short term
MEXP .0012 released news on acquisition , saw a high of .0018 from our mention at .0008 this stock still expected to release news on upcoming salvage contract , with Gold and Silver still strong and expected to hit all time highs this year we feel this company could benefit big
ICBT .0003 this one hit .0004 50-100% from our entry at .0002 we still feel this gold silver stock is not just a flip, this one traded at .002-.003 last year and always updates shareholders