July 27, 2010 - UPDATE

NO reason to post a long new post, but I do want to point out that my 1116 /ES I mentioned a few weeks ago hit overnight!  I think that should do it for now and we can do some retracing. 

 We went short U.S steel yesterday in the traders lounge with ANOTHER WINNER!  yeeehaa

I think that we have topped out just for the short term but still feel that another high is coming to maybe 1200 but we will have to evalutate when the retracement  is done 

Hey everyone, 

I just want to let you know i appreciate everyone's support about Lucky (my 15 YO rescue pup) He has a mass that cannot be operated on but is comfortable and still eating, so as long as he is eating and able to due mandatory functions I will not put him down because I have to deal with the seizures and carry him to go out (he is blind) and yes allot of meds but I love him and that's what you do ;-)

On to the markets I have a short term bearish view (this week) some retracement will happen, (everyone is so bullish now) you know that makes me suspect, but I am leaning that way too I need to see if the spx can break through the 200 day moving average. It has broken above the 50 day, and the MACD histogram has edged over the 0 line......but I know MS Market likes to fool the most folks possible, so we may get a surprise.  The volume is so light, the high frequency traders are pushing it around to their pleasure, so trade lightly and in small positions.

I like to play earnings as most folks know and the reason is because of the movement and we had two huge winners last week again in the traders lounge so I did videos on NFLX and AMZM. We have more coming up this week, but some of my favs have been out. Apple, Google, Bidu, Rimm, Amzn. ;-) So this earning season I am about 95% and made as much as 800% on Google and at the very least we doubled our investment on everyone ;-)

So enjoy and again this week will be very light volume so trade carefully!! 

peace love and blessings!

 Anna