Few months back I was discussing on one private blog about follow the money. Now only if we are on top wall st. I-bank we would know where the money is flowing. This cycle works from equity to bonds, from bonds to commodities, from commodities to dollar. Currently everyone wants to jump the gun on Gold.
Let’s rewind a year back wasn’t everyone running behind Oil last year around the same time? Calling Oil to bust higher than $200? Did we reach there?
I don’t think so. Media is our worst enemy; they are nothing but puppets of Wall st. and Government. Those who got the mullah can make them say anything. Every Tom, Dick and Harry on CNBC is suggesting buying gold with target price of $2000. Heck Goldman Sucks last year gave statement that Oil will reach $200+ then they were busy selling it to others.
Simple rule of life “If you are buying it someone is selling it” I have the same feeling that when Goldman sucks comes out and gives this bold statement about Gold they are ready to dump their stake at high price to late suckers. Those who follow CNBC, Goldman Sucks, and Warren will eventually lose. These sons of guns never care about you or general public. All they care about money. Stock market is source of income for general public but for wall st. it’s a play ground.
They like to play with your money can bank their pockets with hefty bonuses.
Anyways, following are the charts I want to bring to your attention.
AAPL good candidate for short. As far as AAPL stays below $208 it will retest the $190 or even $185 area. If we cross $208 the upside potential is $220.00
POT great candidate for Long play. The weekly chart shows a target of $125 but I would wait for a pull back to get long on POT. Possible retest of $105-$107 where I would take long with target price of $125.00
SRS Great candidate for Long play. Nearing bottom still got some room to drop but not much. Once it start heading up $11-$12 mark will be easily achieved.
$SPX and $NDX charts to show near every OPEX we put new high and retrace back. I also calculated numbers on $SPX on up move and down move. As we are in OPEX week we will give one final Push to the upside possibly tomorrow and star rolling down next week. A possible 60 points pull back will give us 1065 where we should take long assuming we will run higher another 80-90 points to 1150 area.
That’s all for tonight ladies. I will see you guys tomorrow.
This is one of my fav. Speech. Enjoy!!!
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