The markets traded higher as the dollar UUP (US Dollar Index Pro Shares) was red most of the day dropping as low as 21.78 which was the close of the day. The Dollar being extremely weak caused the markets to inflate but not as much as expected which leads me to believe that as much as the institutions want the Inflated market to rally , this thing is due for a correction and soon , but with that said we are patiently awaiting for a perfect set up. Today we received the Case Schiller Index and Housing numbers lower than expected and also news on IBM releasing over 1 thousand workers. Europe still remains insolvent , but the Central Banks pumping the markets with buy programs end of day to close the Dow at 13,000 is telling. Its all a smoke and mirror act to show an improving economy in order to show strength in the U.S economy , the funny thing is Oil and Gas are trading higher and all the pundits are asking why? The bottom line is that the dollar is being pumped and pumping fake money by Central Banks world wide inflate the markets , take for instance Silver. Silver was up over 5% and hit a intra-day high of $36.17. Yet no one explains this in the mainstream media or Squawk on CNBC. The bottom line is that the dollar is being diluted and the buy programs are created to close at a fake high and bringing commodity mainly Oil and Gas to new highs. This is unsustainable and as much as you would like SPY at 150 and AAPL above 600 this is not going to happen especially if Silver is being shorted by JPM Chase and HSBC. We sent out a shorting opportunity for SLV at $36 as we believe that institutions will not allow SLV to break $36 level , looking at chart SLV from $36 to $48 not much resistance and with markets appearing to be overbought we could see a correction here. For now be patient and keep eyes on these stocks as many are all overbought.
SLV (Silver Ishares ETF) 35.84 this ETF , paper silver traded at high of 36.16 on the daily chart we saw a topping tail, with the Dollar weakening we saw the SLV rally big today %5 but with institutions like JPM and HSBC shorting silver, I dont see these guys letting SLV close above $36 , looking at the chart there is not much resistance between $36 and last years high of $48. With that said keep an eye on this one, UUP dips we could see higher, or they raise margin and sink the paper SLV and GLD nonetheless we are watching patiently
AMZN (Amazon) 184.00 this had an overall good day with the pump of the market but I think this closes below the 20 Day Moving average 183.98 or has trouble passing this mark this one can drop, we are watching this stock here for a possible move down 175 and if closes below 175 could very well see 165, watch the 183.98 level
AAPL (Apple Co) 537.33 close 2% close to $12 BUCK HIGH, this is like the teachers pet of the market, I think everyone basing what market does on AAPL since Dec 19 this one has been going with an exception of a pull back when it hit 526.26 high now it seems like it wants to keep going but when will it stop, well near here watch for any topping tail or any close below 13,000 of the Dow or slip in the market this behemoth could fall hard
OTC pinksheets
MEXP .0012 this stock making higher lows we still feel there is much room for this stock with rumors of contract with Dominican Republic , had finding of 500 million worth in gold in 2007 SPAIN , this one closes at or above .0021 with news watch out
RTGV .004 Rumors of a reverse merger , updated news by company along with a nice chart and growing volume, has .0055 to fill the gap then .008 at some point this could be trading at .01 range , very nice stock and still very cheap
ICBT .0003 We mentioned this one at .0002 ask ,Over 100 million in volume today saw .0004 up at one point , this is a stock I buy set and forget , latest news was 6 Gold Mines land acquisitions, and decent ss for a gold / silver stock we expect a weak dollar for a long time and Gold and Silver will be worth alot more , these stocks make up great portfolio especially at these prices , this traded between .002-.003 last year
SUGO .0009 we mentioned this one at .0005 and today hit .001 this is another Gold stock worth watching very cheap at triple zero and this one traded over .01 we saw what GDSM , SRGE and DKGR did this stock and ICBT could be a great stock to buy set and forget
VTPI .0012 this stock saw record volume today, the stock traded very fluidly today and held gains for no apparent reason , news could be following soon , now that its out of dreaded triple zero , could be a great time to add, the stock has potential to trade to .004-.005 , this one traded at .04 not to long ago and has just a 296 million a/s updated Dec 2011 , this one should be carefully watched could surprise many in the weeks to come
No comments:
Post a Comment