Sunday, March 8, 2009

Potential rally in financials

Key will be the amount of market excitement in M2M meeting Mar 12 as financials are extremely oversold. Question is what happens at the resistance zone of around 135-150 in $DJUSFN indicated if the market can take it there.$DJUSFN&p=60&yr=0&mn=2&dy=0&id=p53690176963&listNum=1&a=160540332$DJUSFN&p=D&yr=0&mn=7&dy=0&id=p35490289214&listNum=1&a=158916681

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July 11 - GLD sucks

stopped out of GLD yesterday for -25%.  Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...