A fair warning to the bears

Major stocks are breaking out of their intermediate downtrend. This can imply SPY $115. I will monitor this closely.

Vikings vs. Saints!

***taking a step back from stocks

The NFL season gets kicked off tomorrow. VIKINGS vs. SAINTS. The Saints are 5 points favorites. I'm taking the Saints. I think they'll win by at least 10 points.

I personally think this will be Brett Favre's last year and I do think he will suffer an injury sometime this year.

Superbowl prediction: Packers/Saints vs. Ravens/Jets

XLF bull flag

The markets are trading exactly as I've mapped out for you guys. If this continues, expect a move up tomorrow in the markets. SPY $112.40 is the level to short. But $113.20 is the major line of resistance and it is EXTREMELY important that the bears hold it.

If $113.20 is broken, $115 SPY will be next.

If GS, JPM, and MS all reach their 200-daily moving averages, together, you need to short the market.

Bull flag in the financial sector:

..

Another Chinese Stock: SUTR

Sutor Technology Group Limited (SUTR) is a Chinese steel company. I love the monthly pattern on this stock, it can rocket ship 100% in just a couple of weeks. If the monthly pattern plays out; 400%

Not only do the technicals look good. The company is estimating an increase of 9-14% in revenue and a 68-89% increase in net income for the fourth quarter (end of September). On September 12-15, they will be participating in Rodman & Renshaw's Annual Global Investment Conference and are expected to present the preliminary fourth fiscal quarter and annual financial results at the conference.

I will try to keep you guys updated.

I want this stock for $1.35-$1.40 (30% drop from where we are now)

CHNG up another 11% this morning

There is resistance here at the daily 50-MA watch for a pullback. After consolidating, I project $8.00 for the next move.

Gartman on CNBC calling for new highs in Gold

Gartman is calling for new highs in Gold. Really? Gold is only a couple of dollars from its all time highs anyways...calling for a new high here is comedy. His call would be impressive if it was $400 from its highs and then made a new high. This is absurd.

My own take on Gold: a pullback is coming, and I expect it to be sizable one. But I wouldn't jump the gun and short it yet.

Video:
http://www.cnbc.com/id/39040235

CHNG 12% gainer

Congrats to everyone who picked up Chinese Natural Gas (CHNG). I'm taking profits on this one; +12%. There could be some more upside but I'd rather buy on pullbacks.