Market view

Well - been on holidays for the last week and have not had time to make updates every day. So I will be back in the new year and will be making updates every night.

My view on markets is still the same - still thinking a top is in process but looks more and more that they wont make it go down before 2011. Well - lets see , markets made on 30 min inverse hs pattern and if thats true we could see 1260-12070 this week. But overall we should see 1150-1180 in early january with a sharp sell off. But again....who believes in that, markets has been going up up and nearly not 1 day with a sell off more than -1% over last 4 months. Markets so screwed and manipulated now, but after all we need a correction. Everything at extremes like 2007 market top now and even worse now.....careful

Market view

Well not much to say - markets is still in the making of forming a top I believe ( these moves up with VERY low volume is pure manipulation by the HFT computers) - it wont last and when we get a bit more volume we could go down big in 1 day. I actually think today the markets should begin its decline for the rest of week and we could probably see 1220 by end of week. So watch out - topping process and the markets will most likely see 1150-1180 in next 2 weeks or so.

The charts the same - topping process, so not much to add. Enjoy holidays

Market view

Just a quick update - not much to say, markets is in the making of forming a top, I dont know if its a short term top or a longer term top, but at least everything is indicating that a move down should occur short term. The ISEE Index too high, put/call ratio also indicates we are at extremes here and the RSI very overbought, the sentiment index also suggesting too many bulls now and everything is just going up they say. Santa rally here we come !!

Well my target for the move down should be around 1150-1180 area first and I think we could see it in the next 2-3 weeks from here. The dollar is in the making of the wave 3 move up and has been consolidating for 2-3 weeks now (Sideways/Down) but is holding very well above my 79ish target for support. Now just waiting for the dollar to take the big move higher and move into 84ish area short term.

For the astrology traders out there we have a full moon and lunar eclipse today , which often means "crash" or good reversals in markets. Well I dont know, but if you follow this, just take it in mind.

Overall the top is in making, we have been choppy trading up and down a bit around 1230-1250 area and the top should be here before a nice move down.

Well well - good luck to all and enjoy these holidays.

Market view

Time will tell if this is the top or just a short term move down, but I expect the dollar to get its wave 3 of 3 up and the markets getting a nasty move down short term. I am looking for around 1150-1180 and then we will see if markets is holding up or breaking down from there. The move down should occur from today and until New Year. So dont expect a santa rally into Christmas.

Markets might very well form a HS pattern and we also got a hindenburg omen confirmed ( not saying markets will crash ) but just a confirmation of a new one. So be careful out there. Overall no matter what, if markets is going to move a lot higher , then we need at least a healthy pullback before moving higher. So my short term target is 1150-1180 and then we will see price/action (if its corrective or impulsive).

Have a nice day

Market view

Not much to say, the 30 min and 60min now overbought as stated that the markets should be up yesterday. We should get the nasty wave C down today and I target SPX 1220 today or early next week. So we should have a good day to the downside today and thats why I stay short and still long the dollar. I expect a move to the 1180 area before the new year. The dollar is consolidating in this area for some weeks now 78-80ish and is about to get its wave 3 up to 84.

The top MIGHT be in, not sure, but there is so many bearish divergences you should NOT ignore it.......

Have a nice day and good weekend !

Market view

Just a quick market view, sorry I have been really busy lately so I haven't had time last days to update with the daily outlook.

But well , there is not much new - I'm still expecting a nice drop into new year at least and I'm looking for 1150 to come. We should see 1220 SPX over the next few days in my oppinion, so lets see, but in these moves down we should also get few small "bounces" which should be shortable.

We have a nice bearish divergence on the daily chart, which most often leads to some bigger correction over a month or so.

Lets see over the next weeks, still very bullish the dollar and think its about to get the wave 3 move up (been consolidating last weeks)

Overall the 30min chart and 60min chart indicating that we should be up and green today.....but after a possible pop today, watch out for a nice short entry imo
Have a nice day

Market view

Markets been creeing up slowly with low volume. I did not expect us to get to these levels, but for now it looks like we could reach 1240's early this week ( Monday ) and then the big move down wave C should come.

Main target for wave C down is 1150-1170 area and in dow jones right below 11k I believe.

ISEE index at record highs and has never been so high before , which is a good sign for a major, major top in place.

The quesiton is if this move down which should be comming sometimes this week is if its P2 is done to the upside or if we are making a pullback in a wave 4 down. Price/action should tell us, but so many bearish signs and negative divergences in indexes , which do not confirm this rally up.

Every chart is at the extremes overbought conditions with sentiment of bulls very high.

I'm still bullish the dollar since 74ish and think that the dollar would see a major move to the upside this week ( target 84-85) before a pullback.

Have a nice week !

Market view

Not much to say yesterday, was a quiet day and made a bearish flag up. I still believe this is a move which should take us down to SPX below 1173 next.

On Dow jones around 11k or just below. Watch out there, NYMO also got sell signal yesterday again.

I'm still long the dollar and the dollar should be moving way higher imo, got long dollar around 79-80 again and now dollar is above 80's. Should be 84+ by next week.

Watch out, cause markets is going lower imo. The 30 min and 60min will get oversold tomorrow if we end red, but I will update 30 min and 60min for traders.

I'm still long the dollar since 79's and called the bottom in dollar at 74. Believe dollar is going to have a big move to the upside in the next 2-3 months ahead

Have a nice day

Market view

Sorry for the late update.

Well overall markets looks like a reversal as expected. I still believe there is more downside ahead. Lets take a look at some bigger companies and especially oil.

Oil confirmed the bearish harami it made and made a confirmation of reversal in oil.

Same with BAC confirmed and should lead financials lower.

The gold and silver also made a bearish candlestick yesterday which should lead them lower.

Gold made a BEARISH ENGULFING which is very bearish and the same with silver. Both gold and silver should plunge down further from here imo.

So overall what I am looking for ? Still looking for more downside, lets see if we get support at 1196-1206 time will tell and 30min and 60min will tell too. I will update table before the close today.

Have a nice day

Market view

Overall not much to say, markets just slowly drifting higher on no volume.....I am still watching for a big move down short term , at least to 1196-1206, but signals showing me we may have a much bigger move down comming. But let price/action tell me about that next days.........

Overall the last 5min looked very bearish , as we took all gains out of the days slowly gridning higher.

What is interesting here is that on TZA we have BULLISH DIVERGENCES on the daily chart , 60 min chart and 30 min chart. Look at where the trendline was last time and where we are right now....right at a BIG trendline since before AUGUST month......so TZA been moving down big since August, but right now and here it looks like we are about to bounce from the trendline support. Look at all the bullish divergences in TZA.

Both the 30 min and 60 min chart on SPX is very bearish and showing we should move down with bearish divergences, which means a probably big move down comming tomorrow......

Why I also think we could see a major move down soon?

1. Everyone think of santa rally is comming......
2. Everyone expects the Irish bailout to pass tomorrow (Tuesday). Well....if they pass it, we may get a pop, but if not....there is big trouble ahead.........
3. Bank run day tomorrow in Europe where people are going to withdraw money from their banks to make a revolution against the banks.
4. XLF looks still weak and not following the rally up, looks like a corrective move up.
Well overall , looking for some big downside in markets comming up next......we will see, IF we wont get it I am looking for 1196-1206 and will buy the dip if we dont breach it...but careful out there.......
5. BAC(Bank og America) made a bearish harami today......dosent bode well for financials......I would short BAC.
6. VIX weekly chart still very bullish, the question is if VIX wants to move down to the weekly trendline since 07 lows which is at 17 before the big run? Well we are at 18 now, so if this is true only 1 more up day or so before support. But may also breakout of this area anytime soon.
7. The 5 day avg of ISEE hit 140 today, so a top is likely in the forming. Every time for 2 yrs this level was hit, a top of some kind was being made. When the 5 day is > 138 and the 10 & 20 day avg > 130, a major top was in. Fortunately for bulls, the 10 & 20 are a bit below 130, so they might be getting just another buyable dip when this next correction takes place, likely down to 1140-1160 or so. However, if the market continues higher and the 10/20 avg surges above 130, a major top is probably in (based on the past thresholds).
8. New moon just occured(For astrology traders, often marks tops)

Market view

Markets been moving up on very bad economic data. Markets had a very nice rally which was the good rally I was expecting when we were around 1170s in SPX. I called for a move to 1200-1210 before the big move down and we got a bit higher than I expected. Now we got a nice test of previous highs and I think the wave C down is comming next.

I got long some CYCC before close 1.8 and they had great results this weekend - watch this little one could really take off on these news.

Overall I expect a move down in markets, price/action will tell me if its a real move to the downside or just a pullback. I trades the euro/usd from 1.3 to 1.336 and went short Friday and long the dollar. My target for the dollar pullback was 79-80 before its heading higher again.

The EUR/USD made a move to its fib retracement and backtested its broken trendline so I'm watching for the eur/usd to plunge back down next week.

Overall the levels I am watching is 1196-1200 area as we should be down there monday/tuesday next week, either its a pullback or we just flush below these supports. If the support is going to hold around there, then get ready to buy the dip !

If not then just hold your shorts.

So overall I will be looking for 1196-1200 early next week , the US dollar should fly again. Its going to be interesting on Tuesday as we have bankrun day in Europe, I am overly bearish on financials at the moment and think next week will be pure blood in the streets for financials.

Have a nice weekend

EOD update

Just a quick update.

I think in last minutes markets made the last short sqwiiize up to get all the shorts covering, classic signs of a top.


I believe the euro made a classic short sqwiize too , to mark the top and that will be the top of wave B.

SPX did NOT get above 1127ish which was the top last time, so I think this is the time when EVERYONE thinks markets will go way higher, but this is wave B up and then the most and ugly wave C down will start monday...

But really isnt it funny that on so BAD news markets can rally so much ? If bad news comming and markets rally, what will then make the markets fall ??


All indicators so overbought on every chart I look at , usually the top of both daily, weekly, 30min and 60 min chart and top of the next years..

Watch out monday, cause a big drop is comming. I guess we will see -2 to -3% beginning monday with wave C down and panic selling will come. To the shorts who got in shorts eod today.....I can only say congrats for catching the bottom

Have a nice weekend I will make an update over the weekedend with charts.

I'm going to call wave B up complete today and wave C down to begin monday ...... watch out cause its going to be ugly.....

Market view

Well well , now we got more of a rally than I thought. I thought we would stop around 1200-1210 and then plunge back down, but either way I still think that the top for wave B is made. I believe that we should be starting our wave C down which should be a panic selling and ugly move down over the next 1-2 weeks.

Overall I have to view and what will determine which way I am going to play this is the PRICE/ACTION. IF we get some good selling with nice volume and pressure, that would indicate that wave C is about to start. If we just go slowly down with no volume to 1197-1200 area as I indicated, then its most likely a backtest of broken resistance and then we are heading higher to 1230-1250.

So how I am going to play it ?

I will play it to the downside, watch for this area 1197-1200 and if we close above here I would go long markets. Until then I would short, cause either way I think a pullback IS comming.......EVERY SINGLE TIME we have been so much extended this short term, we had a pullback over the next 1-2 days. I dont think this will be any different.

Take in mind that this end of wave B could be the backtest of the broken trendline we had some weeks back and this could be making a LOWER HIGH than previous top if we dont go higher.

Remember in right side my new setup with 30 min and 60min both indicating a red and down day today.

Overall I got bullish euro/usd, but I am going to get bearish EUR/USD again and BULLISH the dollar at 80. Today when I am writing USD is just above 80, where I think we will get a nice rally from again...

BUT I have an alert on GOLD and I think it looks VERY bearish and I am expecting a BIG move down in gold from here at 1394 currently when I am writing. I think the big move down in gold IS comming from here and it will be ugly .. very ugly for gold. I would short gold if I could and the chart has a nice HS pattern and beginning to go down on right shoulder here. So a massive move down in gold should be comming next I predict



Best of luck to all and good trading

Traders

For the traders out there I will try to post 30min or so before the CLOSE where the 30min and 60min charts is expecting the markets to go for the next day.

This should help you to make a better and more clear decision where the markets most likely will head the next day.

As of today the 30min and 60min expecting the markets to be down for the day.

On the right side you will see this and I will update before the close of the markets today to see the direction for tomorrow.

All this should help traders out there, who are completley neutral and just wanna trade the markets up and down everyday.

Best Regards

Chris

Market view

Well here we goooo ! We got the perfect rally I have been mentioning before a move down. The move should take us to 1200-1210 area and since we got there yesterday I think we are about to make the top of Wave "B" up. That means we got wave A down to 1173, then a corrective wave B up to 1207(maybe we gap up today and go lower??) and now we should get the next move down to around 1150. I loaded up shorts at SPX 1207 today a lot, and got out most longs.

Overall IF we dont get down to 1150 in the next week - then we should at least go down to touch 1190-1200 area before going hihger, so overall I will make money on my shorts for at least a pullback. I will take the risk and I dont think IF we go higher then we just go to 1240-1250 or 1300 as everyone expecting now.

Well we COULD see that, but I think everyone know the "xanta rally" is comming and I think most will be wrong here like most were wrong about september crash (including me....)

But overall the markets played out like I thought with a nice good rally up to make a "lower high" and if we should gap up and reach 1210 let it be...

I think over next week we should most likely go down to test 1130-1150 area. What tells me we should see more downside is the WEEKLY chart too on both NASDI, and DOW Jones and every indexes which is about to get a BEARISH signal on stochastics and MACD.

Most people were waiting for a break of 1200 to get long and we did, so everyone got long yesterday and all shorts got wiped out.

So how I see it right now is a strong move down to 1130-1150 comming up next in 1 week or so.

Again we have a HS pattern in AAPL and lots of other stocks I see , which should begin to breakdown from here, which is line with the wave C strong move down.

But again 30 min and 60min chart also showing me that we should go RED very soon, how much ? we dont know yet.....

Market view

Overall we did not get the good rally yet I was looking for, probably I'm a bit too early , but the euro is looking like a potential bottom here 1.3. Remember the 1st of December is nearly always a green day, so expecting a green day today, but next days could be ugly. My weekly charts telling me we have more downside left and that its just beginning to head down, but daily chart suggest we have only a little bit more downside left before running higher.

In EW terms most people are looking this as a minor 4 wave down which is "sideways corrective looking" and lets see - cause it looks quite sideways action last weeks. IF this is true , then we should start a rally from here above 1170 SPX and then rally to first target 1230 and probably 1250 area. That should happend in December month into January....

But thats only if this wave minor wave 4, then we have the bear case which tells us that this is minor 2 up ( where minor 1 got from the top to SPX 1173 ) and then little flat corrective up again ti make minor wave 2. (Lower high than the 1228) - and then we should get down in minor wave 3 which should be ugly.

I think its very hard to say, but if you can trade markets both up and down short term thats the best choice. So for now looks like we get an upday today to maybe test 1200 and above (1207) and then down next 2 days. This is what I am thinking for now. I guess we will move down again... this is just based on my weekly chart which looks very ugly.

I wanna point out that the DOW jones looks the most ugly to me on weekly chart and as I have been long and strong the dollar all november and now changed to euro ( short term ) then I see the dow jones very BEARISH......my WEEKLY NASI chart also says we have 1 or 2 more weeks down or sideways before we should move up again. So question is just how low we will go...

Well good luck to all. Long euro/usd 1.3 for the short term, may go to 1.26-1.28 , but we will see...

Remember you can follow me on twitter for the small cap stocks I am going long in. Had and amazing week with trading PHHM for over 100% profit and DJSP entry $0.44 yesterday , looks brilliant today. I think DJSP could be the next 100% gainer, cause it have same kind of chart like PHHM, pincher play on the daily chart and weekly chart and the business they are doing in Florida is great. I think its pretty overdone and were a 13.5$ stock, now under 1$... lets see if it can move some today, should be a big gainer imo.

IMO the potential upside at this level significantly outweighs the potential for further negative pressure on the stock.


DJSP is a recently formed (January 2010) corporation that essentially combined several other profitable businesses into one entity. Before this date, the company was a shell company, i.e. it had money but no revenue etc., named Chardan 2008 China Acquisition Corp. The combination of the non-legal business from the Law Offices of David J. Stern (“DJS”), Professional Title and Abstract Company of Florida, Inc. (“PTA”) and Default Servicing, Inc. (“DSI”) (collectively, the “Stern Contributors”) formed the current company named David J. Stern Processing Enterprise (DJSP).

Now, you essentially have a company that helps people get through the process of foreclosures etc.

The important part is that all three business segments were profitable before the merger, and all three segments had a strong tradition of growing revenue and net income. Below is the combined revenue and combined net income for these three parts for the last several years:

2006: 40M rev., 9M net income
2007: 115M rev., 39M net income
2008: 200M rev., 43M net income
2009: 260M rev., 45M net income

Those are some pretty solid numbers. The best part is, DJSP primarily does business in Florida, ha ha ha, we all know how well FL real estate is doing right now! Thus, DJSP is almost guaranteed to continue growing revenue and profit as things are only going to continue to get worse as more and more mortgages are resetting the next several years in Florida and the rest of the country. Hello Alt-A and Option Arm loans!!!

The only concern I have is that we don’t have a lot to work with here, there is a long financial track record for the individual business aspects, but only about 6 months for the one single entity.



Have a nice day !

Market view

Well yesterday we got gapped down as I said that the 30 min and 60 min indicated a bit lower next day before a major move up. I still believe this scenario and think that we are about to breakout to 1210 this time. 30 min and 60min now indicating that markets should most likely start with a nice rally today and probably continue. But looks like we could reach 1200+ or 1206 today before a little pullback and then higher to 1210-1215.

But take in mind though, that my weekly charts still indicate that the markets should head down, but markets been so strong and consolidating, especially IWM(small caps) , which is near highs.

There is a potential HS pattern in markets and I believe it could play out, but before that 1210 to lock in rest bulls before a slam down. 7th December is bank runaway, could be something near that date to start a sell off with potential more news from Korea, Spain, Portugal....

But all in all, when we come to 1210-1215 area I am going to watch closely, cause I am thinking of a big fat move down, but if I am wrong and we move past 1228 - then we are on our way to 1250 and probably 1300.

So all in all - looking for breakout higher over next few days before a big move down. I think the USD needs to pullback for a week or so, and you could nicely trade eur/usd going long for some time near term imo.

But lets see have a nice day

Market view

Well we got a half day on Friday with stocks down a little. Looks like we did not get the little move up as expected, but then got down to 1187 pivot support area as I expected we should go before a move to 1210 area.

Well I think we could see the nice move early next week. Remember on Monday we have a DOUBLE POMO day...... so guess we wont go low on monday. I still think we are setting up for a wave 2 up to 1210-1215 area before the ugly wave 3 down.. And for me looks like wave 3 down will start with Spain and some war in Asia as a trigger for sell off.

I got in some small caps longs "CMM" and "SNSS" friday, cause I think they are going to run small caps early next week. What I see in the IWM is that small caps are about to get a bullish MACD cross from negative to positive which usually gives good pops in markets. But again, this line could be rejected and turn back and stay negative, but with POMO in works monday with double up it will be hard.

We made a big move down last seconds in markets and is it because they should form a little inverse HS pattern ? We dont know, but possible..

If we look at the 30 min it tells me we might have a gap down on monday , because my 30 min chart tells me we still have more downside before turning up.

Overall we should make a big HS pattern in markets.

Overall I stay a bit bullish for early next week, but after that very bearish. Watch the 1200 resistance and then 1173 low. What I hope is a nice pump in markets with double POMO program, monday tuesday and then hard down to 1130-1150 SPX.

Have a nice weekend

Market view

Happy Thanksgiving all

Today (Thursday) is holiday and markets closed. On Friday remember we have only a light half trading day.

With that said I dont expect markets to get any big moves to the upside, nor the downside on Friday, so lets take a look at the markets.

I got long BWEN and CNXT Wednesday morning and already in profits, but both are about to breakout and small caps usually go up on light trading volume trading days.

I must admit that the daily chart is about to give me another buy signal (but I just dont really believe after a thanksgiving week (which has been bullish) ) that the markets will move to new highs.

This is currently my plan and what I am expecting.

With the 30min chart and 60 min chart already overextended and overbought I most likely expect a "gap up" and then hold around there before moving slowly down over the day on Friday. The area in SPX is around 1200-1207 (Where I am going to short markets) cause we should at least get a pullback on monday. How long the pullback will be should be near a pivot support 1187-1191 area before last move up to 1215 area where we have a potential head and shoulders pattern with right shoulder in.(Sloping).

So I believe we will make a "lower high" than last 1227 and then begin our big wave 3 down. But time will tell and lets try look at it everyday and see whats happening. Enjoy !

Market view

t

Well just a quick update after markets here...

Overall it was a BRILLIANT day if you are short and long the dollar. Wow...the dollar exploding higher as I expected and been long the dollar for the last weeks now.

Looking at it all, I see a perfect HS pattern in the markets and in the Gold where we made the right shoulder today in gold. When gold is moving down the dollar will most likely move up and breakout.

As I told before I think the dollar will break above 80 and rally further. Everything in line for a nice breakout in the dollar and plunge in the euro. But the euro FXE is right now at CRITICAL area support. A breakdown below here is VERY bearish the euro and that indicates that much more selling ahead. I think the euro will breakdown and the dollar will continue rally short term. I see the SPX near 1130-1150 at least before any big rallies, so for now still long the dollar and short the markets. Looks like gold made a major top and should see a nice decline at least to 1.180 area before any big moves higher. It was an overcrowded trade the gold and needs to go down a bit.

Overall will be VERY interesting tomorrow imo, cause will the euro hold good big support here ? (look FXE reversed direct from MACD trendline as spotted weeks ago) Will the dollar breakout higher ? 30 min chart and 60 min chart VERY oversold in markets now indicating a good day to buy the dip (But remember when we are down here thats when the biggest extreme moves will happend - so might still be oversold.....)

All in all best of luck I think we are about to see a nice breakout in the dollar and heavy selling in markets to begin.

Have fun everyone

Market view

qu

Another slowly and boring day.

I still believe that the dollar will breakout to the upside from the 78 support and the markets is going to tank further. Thats why I am holding my shorts via TZA and think it will happend this week.

As I am writing Asia is down -2% and near -3% overnight and looks like the HS pattern is about to play out. I got some news about Korea and a World War III as I have pointed out 1 month back that it might happend soon. This could be the trigger of World War III to begin as normal war, but in next years biochemical and nuclear should also be included.

Well but again to markets - my weekly chart on the dollar and euro suggest that the euro is going to tank hard this week and the dollar should spike up hard most likely. Well no one has the crystal ball but thats just how I read it now. But I have some longs if I'm very wrong and I got into a new play called AEZS at 1.36 and SNSS 0.34 and EONC 2.3.

Lets see how these plays will play out next days.

I still believe we have more downside and could easy see 1150 this week and maybe 1130's.

The HS pattern I made a quick chart on it and its possible we see it play out over next days. Today we have GDP numbers in US ane Europe, so lets watch what the US dollar will do and then the dollar should tell you direction. If dollar breaks out of 80 this week as I am calling - well then you going to see some heavy selling begin I'm sure....I think people will seek into USD now as war is likely to begin..........and it can be AGGRESSIVE buying in dollars..(Kim Jong II long US dollar ? lol )

But time will tell have a nice day

Market view

Well markets in US been down overall for last 2 weeks, with a little upside late this week. I think the little rally we had late this week was an OPEX bullish week with an oversold bounce (Cause we were very oversold with markets down 7-8 days in a row..) so lets see I am expecting continued weakness in markets over next week and looking for 1155 as first SPX target and then 1130's area.

Lets take a look at some interesting charts.

VIX about to breakout of a falling wedge on the 15 min chart and ready to go higher early next week(Monday tomorrow).

VIX 30 min chart got the same option , a bullish falling wedge ready to breakout to the upside monday morning.

The dollar UUP is still above its broken resistance and finding support in this area. Its normal for the dollar to get a little healthy pullback (we had 2 days) after a 9 days runup.

I'm still very bullish the dollar and very bearish the euro near term and I can easy see a really ugly week cause we are getting the bearish stochastics crossover on weekly chart EURO and bullish crossover in the dollar UUP.

So overall if you look at my FXE and UUP chart you can clearly see that this week is a potential very BAD week for markets and VERY bullish for stocks as we are about to get a simple BUY signal on the weekly chart this week. But we need to get that confirmed this week and not go mumch higher from here(Maximum 1207 or so SPX).

Time will tell, but I'm holding my shorts tight and still long the dollar.

Still long KAZ and got some ELTK earnings play monday (1.35)

Have a nice weekend

Market view

Well yesterday we had a really nice rally, but take in mind it was GM IPO day and still OPEX week, so lots of volatility. What I see now is, that the markets is make a nice clear HS pattern, where we are about to form right shoulder before a nasty move down, and that would take us to 1130 area.

I dont think we bottomed out yet and still think we have 1-2 weeks more downside left in markets, so no reason for me to cover shorts.

I did go long one stock KAZ, which I think is very cheap and a nice breakout chart. They had some great news and KAZ is a very undervalued stock by fundamentals. Target 1.5+ short term.


Overall by the indexes many of the is staying below their resistance from highs, many indexes already have backtested their broken trendline and its called the kiss of death, cause a big move to the downside should come after that kiss.

The dollar had a little pullback to support and I think the dollar is ready to rip higher near term.

So overall still long the dollar and short the markets. (Long KAZ but have a watch on CRBC too, small bank CACB went up huge...CRBC looks ready but risky play)

Have a nice day and enjoy the weekend!