Day Summary

Another very low volume day, its barely spring but it already looks like dog days of summer in markets. The volume is running so thin, I guess every one is waiting on sidelines. For very short term I expect further downside in markets probably around 12075 for Dow and 1295 for S&P where they could find some support. I might buy some DIA around that level with a very tight stop. Still keeping an eye on RYL and WMT to get in, have my order in lets see if it gets filled next week or not. Gold is not able to rally even on Dollars slide and gold might consolidate now for some time. Nat gas still looks good it didnt come to my point today may be I will get a chance next week.

Day Summary

Indexes have started forming a squeeze again and are consolidating. A squeeze for me signifies that after a big move both sides are resting a little and garnering their strength back to fight again. Which way will this squeeze break we dont know but which ever way it breaks I will join that side. UNG is getting attractive again now and I will try to buy it tomorrow. My orders in WMT , RYL are sitting, I am expecting a pull back in both of them over next week. IEF is an etf which follows 10yr t notes and if markets break down expect it to go up and that will act as a hedge on my long entries of PGH and possibly WMT and RYL. PGH broke to a 6 month high today and its looking good. There is insider buying going on in this and it has a good 15% yield, I am holding it.

Day Summary

Markets pulled back today, on surface markets seem to be running out of steam now. It can consolidate at these levels at its 8 ema and build steam to go higher or it may sell off from here. I think quite a few people including big money is right now sitting on the side lines to see which side the market would go and lackluster volume may be indication to that. Of course the path of least resistance is down and there is some massive over head resistance but as they say wall st likes to climb the wall of worry. Its probably time to stay away or being very nimble in trading and getting in and out at a faster speed. I am on sidelines and avoiding taking any big positions. Dollar dropped again today and euro gold, oil , nat gas and Ag commodity rallied.

Day Summary

Markets tried to digest their recent gains. Dollar plunged again and the usual suspects gold, oil and agri commodities and cuurencies rose big time today. Not a whole lot hapened today. I didnt get WMT today will try tomorrow. Also XHB the homebuilder etf is starting to look better and especially RYL (Ryland homes), will try to buy either XHB or RYL tomorrow.

Day Summary

Finally markets are getting some footing now. I sold half my Q's position today as we are reaching some major resistances above. I think that most of upside in markets is already over short term. We may have a little upside left in it before markets start consolidating or sell off again. Keeping WMT on my buy list for tomorrow. Watch IYT (the transportation etf) to give heads up on broader markets, no bear market has ever breen started without transportation taking part in decline, if transportation holds as they are doing now we may have a long term bottom in markets.

Day Summary

Markets rallied on missing volume probably because of long weekend ahead. It was an options expiration day which generally has a bullish bias. We are still holding lows and todays move is encouraging, we may go higher from here next week. Still holding my long Q's position. All commodities and currencies weakened further today on huge up move in US Dollar today. The trend is down in dollar and up in commodities but this weeks selling in commodities has done so much damage that it will take a while before they can stand on their feet and start running again. Most probably they will start consolidating at these lower levels for next few weeks before they can start their advances or who knows we might have seen a top in them, we will see.

Day Summary

Markets tanked more than I was expecting, holding lows though, Dow rolled over right from 50 dma but short term I think its bulls game to lose if we go down from here to new lows. The action today was in all commodities, gold oil, nat gas, grains, currencies followed thru on yesterdays decline. I think we may have a short term top in gold after a while. Grains seem to be topping too, but long term story and uptrend in these things is not over yet. Oil still is holding the best. Surprisingly dollar didnt rally today even then all these commodities cracked, they are showing relative weakness now. Only 10 yr t-notes and yen are still holding well and a little bit of swiss franc and euro. Sterling, Aus Dollar and Canadian Dollar are consolidating. Nat gas is fdown close to 16% down from where I sold, as they say it takes stairs to go up but elevator to come down and nat gas has wiped almost 1 month of gain in three days.

Day Summary

We finally got a follow thru day confirming the last weeks short term bottom. As I mentioned on thursday I went long Q's on Friday though yesterday was a sweaty day but since Q's didnt close below last thursdays low( which was my stop) still holding it. I think we probably have a nice tradable bottom now and I will hold Q's atleast till this week's end. Gold and almost all the currency pairs against dolar got hammered today, dollar rallied and treasuries slipped. But I still think this was just a correction of overbought condidions in treasuries , gold and currencies and corrrection of oversold conditions in dollar. I am still bearish on USD and bullish on gold, yen, euro, swiss francs and 10 yr T-notes. UNG corrected almost 12% in last two days after I sold it on thursday. Now its again getting attractive and I will watch it closely to get in again. Also bought some PGH, its a canadian energy trust with a whopping 14% dividend yield which is paid almost on a monthly basis.

Day Summary

Markets were down significantly at open this morning but they reversed at noon and closed at near highs. I still feel a tradable bottom is in and I will go long Q's tomorrow if 43.33 todays highs is taken out. I sold all my UNG today at 50 my target for a good 25% gain in about a month. It may go higher from here but sticking to the plan is the key in trading. 50 macthes to about level of 10 in actual natural gas futures and thats a big resistance. I will keep a watch and if 50 is broken considerably then I will think of an entry again.

Day Summary

Fed killed the bear party today and I think we have a short term bottom in. Both IWM and QQQQ gives a feel of false breakdown and this might propel indexes to retest the highs of Feb1 and Feb 27. So for now I am long untill yesterdays lows are taken out in Q's and IWM.

Day Summary

Afte Q's on friday, today IWM also broke the Jan22 lows and there doesn not seem to be any sign of capitulation or panic yet. I think the point of least resistance is down and unless I see a big reversal bar on big volume we may not find a short term bottom till then. Now even monthly charts of indexes have started looking ugly and we may very well and 1219 may be next support on S&P500 if Jan 22 support breaks down. Commodities, Gold and Oil Nat gas etfs are the only thing working right now. Nat gas jumped another 2.2% today and its reaching my first target of 50.

Day Summary

QQQQ brkoe the low but didnt close below it while other three indexes are still holding. Bears are taking control slowly but surely. Lets see how much power they have in this move now.

Day Summary

Todays drop feels bad, as I wrote yesterday I didnt like yesterdays action and was not too bullish for today and it turned out to be true. IWM finally fired a bearish squeeze today and seems to be breaking out of consolidation of past 4-5 weeks, I feel we are going lower and most likely we will break the lows of Jan22. Todays action was so nasty that I got stopped out of BCO.

Day Summary

All four indexes showed some indecision today after yesterdays reversal bar and volume was heavy (not as heavy as yesterday) that's a sign of worry, it means aggressive buyers were equally matched with aggressive sellers. Yesterdays weakness in Gold (GLD) and Agri commmodities (DBA) was a good entry point, GLD went ahead and hit another all time high today, I was hoping for some more dip in GLD and DBA to enter but they didnt give me the entry. This weeks pick CALM popped 10% today and hit my target, I am out of it. Also Natural gas (UNG) acted very well today and surged 4% today. Its getting close to my intial target of 50.
BCO didnt do too much today but I am holding it, its in a triangle pattern and may breakout in any direction, I hope it would be to upside.

Day Summary

QQQQ almost tested its Jan22 lows, other indexes not yet there. We staged a nice combeack this afternoon on huge volume but end short of a total reversal so that spoiled the party. We may still retest but we are reaching oversold boundaries now and if squeeze is of any indication we may get a pop from here unless we go ahead and break the lows and fire a long term squeeze.
In the meantime I am trading whatever is working ie Commodities. Both DBA and DBC are reaching a but point and I may buy them either tomorrow or day after.

Day Summary

Nothing new chop and chop, squeeze is on and hard to trade in this market, I am not aggresively putting any stock position mainly tarding commodity etfs.

Day Summary

The resistance held pretty well and Friday was a big downmove by all accounts, volume was heavy and this could be start of a new leg down and retest may be in the offing. I think there is enough liquidy in the world and since its not going in equities , its driving other assets classes especially commodities in parabolic moves. Wheat, Corn, Beans, Sugar, Cocoa, Cotton, Coffee,
Gold, Silver, Natural Gas, Oil everything is on fire right now. I think once equity market stabilizes these commodidties will pull back till then I think they will keep on going higher.
Some say this move in commodities is because of USDollar but I dont think so, USDollar literally did nothing From November untill last week but none of these comoodities stopped going higher, I think the global commodity demand supply and liquidy is driving this commodity surge.