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Sunday, March 27, 2011

The market needs a breather here, I wouldn't be surprised to see a small red day tomorrow.
  • The financial sector looks weak
  • I am still short GLD
  • The dollar looks like it can bounce from here
  • Oil is NEARING good resistance
  • The natural gas ETF (UNG) is really beginning to take off. Whether or not we've seen THE bottom, we'll have to wait and see (I think the first week of March is the bottom). I'd wait for a pullback before jumping into it. Demand for natural gas is way up after the nuclear problem that Japan is facing. I will do a separate post on natural gas some other time.
Good Luck All!

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