Welcome new reader!

Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Friday, June 11, 2010

Good time to go long or go short

The market is between two areas that would likely see a significant pile-on if S&P 500 pushes either above 1105 or breaks below 1040. So if you don't think US markets are going to break lower, buy some longs and put stops to restrict losses. If the S&P 500 ever closes below 1040, consider to sell.

If we break higher than 1,105, I REALLY start to like gold miners as a stock play once again.
I am not getting long term optimistic, just looking at the chart index to indicate levels that will be important.

Good luck, and US bonds is always good. (for near future.....)


No comments:

Post a Comment