The big markets have been trading with low volume , with the Dow briefly touching 13,000 couple of days ago we quickly saw some selling before the buy programs came in to hold support. We are witnessing markets rally on not only a weak U.S dollar but also buy programs by institutions to show buys in order to keep markets a float. As I write you this email the markets are up E Mini Futures up 23 pts , SPY (S&P 500 SPDR) is above 137.04 this is near May 2011 high of 127.21 remember this number as we may see this target hit before a pull back. The UUP (U S Dollar Index Pros Shares) trading lower for the last couple of weeks and today was as low as 21.90, as we said time and time again the markets work inverse to what the dollar is doing. When the UUP is down the markets inflate and the stock market goes up NASDAQ, S&P, DOW , the GLD (SPDR GOLD ETF) hitting new highs keep an eye on the 175.50 mark there is big resistance in the GLD in that range and SLV 35.50 range we will advise members when we feel a short position or Put Opportunities are best time for now be patient. The EUR/USD is now at 1.33.33 , with the dollar at lows we expect a dollar rally and a market correction as we feel that the markets are overbought and do for a sizeable correction anywhere from 3-5% EUR/USD 1.34 is resistance we are nearing this price with that said we will be alerting members on possible stocks that are best to watch for PUT Options or shorting opportunity.
Crude Oil 108.70 with the weak dollar we are seeing commodities inflate including oil and gas we will mention some ETF to keep watch for possible Put and short positions as they are overbought , we believe that rising oil prices are not good for US government so with that said we will be watching these stocks for trade set ups
UGS (United Gasoline Fund LP) 56.68 we are watching closely to see if a trade set up arises bear in mind the U S government attempts for pr emptive War with IRAN , IRAN closing straits of Hormuz but seems like it is reaching close for a pull back
http://stockcharts.com/h-sc/ui
USO (United States Oil Fund LP) 41.37 this oil fund approaching its 200 day moving average and has been on a surge since rising Oil and a weak dollar . could see a test of the 44.04 and then 47 range still bears watching to see for a top
http://stockcharts.com/h-sc/ui
Stocks we feel are opportunity
AAPL (Apple Inc) 516.76 this stock hit a 52 week high of 526,26 and then saw a quick sell off down to 486 range we believe that AAPL could see a sizeable drop as it has been trading higher and needs a correction look for it to retest that 526 and possible short and Long Put Opportunity could see a drop to 460 range for the next run up
http://stockcharts.com/h-sc/
MSFT (Microsoft Co) 31.46 this stock has hit 31.69 for a 52 week high yet hit a top at 31.50 on 3 consecutive trading days we believe MSFT needs a pull back here and could be a nice opportunity
http://stockcharts.com/h-sc/
SPY (S&P 500 SPDR ETF) 137.06 close to its 137.21 high of May 2011 we could see a pull back and correction here as well
http://stockcharts.com/h-sc/
QQQ (QQQ Pros shares) 63.94 this one will drop with any drop by IBM AAPL MSFT AMZN this is a tech stock 100 which will drop with these stocks in need of a correction as well
http://stockcharts.com/h-sc/
OTC stocks
EVDR (Evader Corp) .0007 Today the stock surged in afternoon trading from .0004-.001 with Current Tier status news, these dormant stocks pick up steam when news of current status hits. The ss is solid and today the stock traded smoothly we believe that with Current Tier Status this will report filings or news soon , As we have seen .001 stocks have been solid if this closes above 200 moving day .0012 watch out
http://ih.advfn.com/p.php?pid=
MEXP (Marine Exploration) .0011 this one accumulating very nicely we expect slow and steady move, Jan 27 2012 CEO update and rumors of contracts in Carribean pending we could see a nice move soon
MEDT (Medtech) .0017 this stock hit a high from our .0007 mention we still think this one can trade with volume , we expect this one to consolidate and begin a uptrend 200 moving day average .0029 if this can close above it we could see a sizeable rally
http://stockcharts.com/h-sc/
Today our Scalp of
CAT 116.40 this has had trouble passing 116.40 we alerted Feb 24 strike 115 @ .26 and hit .50 close to 100% opportunity keep an eye on CAT 116.40 mark
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