What we are watching for in the markets

The markets opened lower today while the UUP (US Dollar Pro Shares) traded and opened higher the UUP closed above 50 day http://stockcharts.com/h-sc/ui?s=uup  moving average which I expected 22.23. I kept telling members to keep an eye on the UUP and that it traded inversely to that of the markets. Our mentions of SDS last week for LONG CALLS and QID over weekend and BOM working out great so far. We knew markets were overbought and with the big move in the dollar we expected a drop , we believe that a bigger drop is coming as we see a rally in the US dollar as early as next week. I am estimating March 13 time frame , for now let's watch for any increase in markets to add possible shorts and Long Puts.

SLV (Silver Ishares) 32.01 we alerted this last week at 36$ range for short and PUTS March 17 .86 with opportunity to add as low as .72 today these contracts strike 35.50 hit $4 over 300% now  the 50 day moving average for support 31.38 may see a slight bounce if it loses support could see $29 , ultimately with a down market , stronger dollar we could see metals lower, for now I would advise members to wait to buy any Silver Bullion, until we get a buy signal,we may see SLV drop to new lows.

WMT (Walmart co) 58.97 this stock has a bearish flag forming , if the stock hits 59.70 range I like it for possible short to 57 if it clearly break below $58 I like it for a short at $57

AMZN (Amazon) 181.09 this stock looks like it wants to drop below 175 if it does close below 175 we could see this hit 167 low , keep an eye on this 182.79 resistance

SDS (Pro Shares Ultra Short S&P 500) 16.66 we mentioned this index quite few times as we were loading near lows , this trades inverse to SPY today's drop , saw SDS catch a big bid we expect this to continue higher with an expected 3-5% drop in the S&P

http://stockcharts.com/h-sc/ui?s=sds

QID (Pro Shares Ultra Short QQQ) 34.48 this one curling now to set to make a nice reversal off our alert over the weekend, trades inverse to the QQQ

http://stockcharts.com/h-sc/ui?s=qid

BOM (Base Metals Short) 12.09 We mentioned this chart at 10.90 we expect this to trad over 50 dma soon and expect 15-20 soon as metals and commodities are expected to take a hit soon.

http://stockcharts.com/h-sc/ui?s=bom

OTC Pinksheets
 
DGRI .0015 this one hit a high of .0016 and has since traded slow and steady off its low .0011 , beautiful reverse tail and this traded .01-.04 range most of last year with volume this could likely see a break of .0025 and then .005 range

http://stockcharts.com/h-sc/ui?s=dgri

HRID .05 this chart setup looks like Bullish Consolidation we could see a very nice move here as the chart setup is prime for a run , this could be a great play for members who like more liquid stocks , we could see .12-.14 and a continued Uptrend here

http://stockcharts.com/h-sc/ui?s=hrid