Red

Sp 500 1h = RGR 😉 = 1205 ??

Refresh page for new video. Sorry, I didn’t have time to do a new post.

Apple Chart
http://niftychartsandpatterns.blogspot.com/2010/12/bearish-engulfing-in-apple.html

Were tanking tomorrow. Looks like it will be an ugly Wednesday.

Let’s see reasons for a reversal in Gold. It seems that everyone is talking about it. It made Yahoos list of trending keywords yesterday. I guess the expectation that B Bernank was about to launch QE 3 via his 60minutes appearance got the public juices’ flowing. I see two gold bars on the cover of the latest Kiplinger’s. Prechter recommended shorting gold and silver yesterday to his subscribers so undoubtedbly the bullish consensus figures must have been off the charts, 97% or better. And my broker was freaking out about gold going to the moon. Meanwhile gold made a third straight high at lower daily RSI level yesterday.

Bank holiday in Ireland! Coming to a country near you:

http://www.zerohedge.com/article/pan-european-bank-run-day-starts-bang-bank-ireland-atm-systems-fail

SLV hit the important $30 resistance level (30.02 was the high), and sold off. It was a good place to take profits.

What happened to Silver today? It was doing OK then all of the sudden it reversed sharply. The dollar didn’t rally enough to cause this.

I bought AGQ (2x silver) after hours at 137.01 because of similar logic.

Even if I get a 50% retrace of this move, it’s a big winning trade.

http://www.screencast.com/users/dreadwin/folders/Default/media/3d384462-eb39-4b06-9a1d-7625393f2da7

I saw that 🙁

NFLX is a great company I just think it got a little ahead of itself.

I tend to avoid companies that are up 160 points since the last time I looked at it.