Thursday, February 2, 2012

The markets remain green will the dollar bounce



SPY (S&P 500 SPDR 132.80)  This one has been having trouble breaking 133.30 range , today the stock traded flat and sideways but ultimately finished green, if this stock trades and closes over 133.30 we could see this trade 135 level but if not we could see this drop as low as 126.06 50 DMA, keep an eye on that 133 mark

GLD (SPDR Gold Shares) 171.05 this is near resistance here , with the Dollar near its 52 week lows and a bounce expected along with the GLD over extended we could see a pull back here on the GLD. Look for short position on GLD here , there is resistance here at 171 mark could be a nice opportunity with a bounce in the dollar

SLV  (Isilver Shares Trust) 33.30 the Silver Chart looks strong but with the resistance at $34 and the dollar expected to bounce at lows we could see a pull back in SLV , SLV needs to close over the $34 resistance , like GLD we expect SLV to pull back , if SLV breaks $34 and the $36 little to no resistance to $48 range we will keep eyes on what SLV is doing

GS (Goldman Sachs) 113.39 we could see this one drop , not to sure many buyers at this level look for a opportunity as the stock hit 116 and now looks like it is ready to drop any bad news out of Europe this one has room to drop

OTC markets

CTCC .0035 we mentioned this one at .0015 today hit a high of .0038 over 144% opportunity the chart shows that it has more room and break of .005 could be .007 then .01 this is a stock with a low share structure , we could see news soon, this stock traded from .01-.03 most of last year.

RTGV .0018 mentioned in our chatroom at .001 hit a low of .0009 80% this stock with a low share structure and volume could see more gains look for volume and pull back, could see .003-.004 range

EGOC .0009 we mentioned this one in our chat room at .0007 ask , had a low of .0005 today released news on Updated website and also we expect news on technology , L2 looks thin to .0026 we have traded this one before today gave opportunity for over 80% high of .0011

THQI .77 after hours .56 This one is disappointing , the stock reported earnings after hours , and was not what expected we could see a bigger drop tomorrow as panic may come nonetheless we still think the stock has potential with UFC game release Feb 14 and also others this one should recover , the market is never a gurantee

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