karen

GOLD Hour chart analysis: 
http://niftychartsandpatterns.blogspot.com/2012/01/gold-support-levels.html

i have a growing list of stocks, that potentially have 6% higher to go, before i’d short them, and that’s before they report. if they beat the street by 2%, with good forward guidance, i’d have to raise the short sell price even higher. possibly as much as 4%, added to the 6%.

futures up dow 24. it’s been like that every night. yawn.

i don’t like playing sector rotation. the shorts don’t pay enough, and the longs have to have loose stops, to get the full ride.
i had MCP at 25, closed 27,was stopped out, today 30

the max DIA for JAN is 128,as near as i can figure, and that’s
doubtful.the spy 500 earnings would have to beat the street by 4%… 

2% beat, gets me just above 2010 highs.

Can you see any reports that may affect the market between 23-27?

Edit: I’m mostly looking for something that CNBC would consider an “excuse” for selling.

next tuesday morning C,$WFC report. 30-31 is my WFC target price. if they beat the street by 3%, then it’s 31-32.
the market has almost added all of 2012’s eps into WFC’s price. the slightest miss, will send this into oblivion, and take down all the other XLF holdings with it.

i forgot i had a 4X position short in UGA, In one of my accounts. up 1.8% on it. not too shabby.

solar stocks were ramped up. that’s usually the last sector to get ramped up, before a pullback

KSS , INTC update
http://zstock7.com/