The markets continue trending higher now with EUR/USD higher and the dollar continuing to weaken we are seeing the markets continue to float higher on low volume. The markets overall looking to trade higher but at some point have a pull back from 3-5%. Over the weekend we are hearing of news that Greece deal is a done deal another hype of an insolvent situation. We believe that this is just a way to get investors to keep the rally going even though both Europe and the U.S have problems with sovereign debt. Nonetheless the Trend on the S&P 500 SPX still trading in an upward trend:
SPY (S&P 500 SPDR) 136.41 this continues to trade in an upward trend and has support at 136 then the 135.70 range we believe that the next real resistance is at 137.21 its high of last year and could see a slight pull back . With such light volume we could see 1,400 hit and SPY hitting 140 in the near future, but with that said look for Scalp opportunity at 137.21 resistance we should see a pull back for an intraday trade.
DJIN (Dow Jones Industrial) 12949.87 This major index broke resistance on Friday , 13000-13,500 is in reach and these market manipulators may want to prove a point pushing stocks pass this mark, keep an eye on the UUP (US Pro shares) if the dollar drops the markets will inflate and the stock market will go up.
MSFT (Microsoft Co) 31.35 This stock is hitting major resistance at 31.55 , last Thursday hit intraday resistance and pulled back ,keep- eye on that 31.55 level of resistance it has had a strong rally from December we could have an opportunity here on a pull back
OTC Markets
RTGV .003 this stock mentioned at .001 range on the Radio Silent Skype Chat room hit a high of .0035 on Friday with a gap fill on chart .008 we could see a big rally , the stock saw strong buying and even stronger bid towards the end of the day with now other investors jumping on the bandwagon and OTC markets doing well we could see this stock trading .008-.01 soon
MEDT .0007 this stock saw a low of .0006 on Friday, but not very long quickly the bid up ticked to .0007 x .0008 we expect a rally here soon the stock has been down for quite some time but now is seeing more volume we could see .002-.003 at some point
MEXP .001 this stock looks very interesting here , on Jan 27 2012 the CEO released a letter and updated its shareholders, in 07 this company a marine exploration co. discovered 500 million in Gold on a salvage mission , they were in a court battle with govt Spain and settled and won the case , with Gold continuing its strength with a weak dollar, and predicted to go as high as $2.5k an oz , this stock could be sitting on a great undervalued company , we have noticed the L2 and believe with strong volume this could reach .004-.005 short term and quite possibly .01 at some point in the distant future
http://www.usmarineexploration.com/ |
|
No comments:
Post a Comment