I'm starting to reblog.

Big moves are coming. This new market will not be for the faint of heart. Expect extreme volatility. I caution both Bears and Bulls.

With that said, I do favor the downside, and I do expect 8600-8800 on the DOW.

The markets are trading in a tight range ($107.60-$108.90 on the SPY) watch for a break out or a break down.

If it breaks out, let the market retrace and then short it. (shorting is the safest play in my opinion).

If it breaks down, watch $106 on the SPY for a possible bounce.

SPY Daily Chart:


Crude Oil looks to be cheaper in the future, but it should have a bounce here. $36.00 on the USO looks like a good scalp. But if the USO manages to get to $38.00 I will be buying SCO (double-short oil etf)

USO Daily Chart:


I also have a JUICY CHINESE STOCK for you guys but the level I want hasn't been hit yet. I will notify you all assuming the stock does get there.

***Keep your options open. Let the market come to you. Be patient! Good Luck All.

yourfinancialblogger@gmail.com

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