Sunday, February 1, 2009

February 1st Market Review

Current portfolio - 100,000 $
Open position -

GLD- The gold break the 85 and his first target will be the 93.5. breaking this level and probably will see 100.



The qqqq long term is in a down trend.

In the short term is still in a rang 30.6-28 . long will be taken above 29.6 otherwise is going to check again the 28 and probably more lower.


SPY- is at a very critical level for the long trend


Short term to intermediate term - long will be taken above 86 otherwise is going to check again the 80 and probably lower.

XLF- the financials are already down more then 25% this year. There is some support at 9 but it it isn't a reason to buy, long trade will be taken probably above 9.5 .


USO-The oil have a nice base around at 28-29 we will look for a long position above 30. but still in a down trend.