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Hi ya Hobstas!
Before going to the markets, I want to make a request here. I have 5 cats that need to get medication, exam, shots, and tests. They are way overdue and having to care for 42 is a huge responsibility and I can't do it alone. The critter fund is getting very low, and I have not asked for help in a long time, but these guys need help and I am not wealthy enough to do it alone. So if you could find it in your heart to help these poor babies I would be so grateful. Right now there seems to be an outbreak of upper respiratory so the count on vets visits and meds might go way up. Please if you find this site helpful and get some good information, please find it in your heart to give back :-) thanks so much
Now on to the markets. We are at very important inflection point, where we are. The lower short term indicators ie: the 30/60/ are pretty oversold, the daily has a bit more to go. Now the GDP just came out below expectations and we dipped in the futures but have come back. I expect today to be a doji or mostly flat by end of day. Just to work off some oversold conditions. I am fairly sure we will retest the 1050 area and if that is broken down we go to the 900's.
Now you all know I am bullish on Gold Silver and now added Oil to the mix. I went short RIMM yesterday and still short that evil oil company that shall not be named. We have done amazing in the trader's lounge and I am thrilled to see some newbies crank out 1000$ in one day :-)
So that's all I am posting for now I will go in depth as usual over the weekend with Videos and outlook. God bless and Peace love to all and the critters :-)
Anna
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