Bearish week coming up

"Financial Blogger, why are you always bearish?"

I'm not always bearish check the August 24th posts and beyond. I just prefer the bear camp, and quite frankly, I find baby cubs to be cuter than baby calves...

-Anyways, be bearish this coming week. Stock market leaders are looking very suspicious with Friday's close now in the books. Particularly JPM.

-September 14, 2010 is my pivot-high date, and it continues to hold as the following trading days never managed to trade above it.

-I said the $48.00 on the QQQQ would be major, we closed at $47.99.....$47.99!! [Institutions follow yourfinancialblogger, it's only obvious. :)]

-We have plenty of bearish set ups all over the place

Overall, if you're a swing-trader, look for bounces along the 50-MA daily SPY. But eventually I see us heading lower. I'm still bearish on Gold near-term. Re-check my scenario for GLD, September 2, 2010.
click here

The Bearish Gold trade is not ripe enough for me to short yet. It's going to take an extremely brave person to short Gold. Chances are, you or someone you know is extremely bullish on Gold. And thats perfect, because when everyone feels strongly one way about an asset, it'll go the other way.

You have better not forget this forecast! You are at point "C"
click here

**Do not follow this blog blindly, if you are new to this blog, re-check past posts to validate the accuracy of it.

*good luck all, it's a beautiful day in San Francisco, I'll see you back on Monday! cheers*