Lets take a look at SPY for a start.
Looks like we could have a 5 point move to about 110.5 before SPY hits a major resistance. For those of you who went long when the market hit bottom congratulations! But for those of you who did not go long at the bottom, be very careful....you are not advised to buy call options....go for the stocks or etf and don't forget to set tight stops.Moving on to the Euro, it looks like the EURO has a little more room to fall before it meets with a stronger level of support at 132.9
GLD looks as though it is less correlated to the dollar's strength for now. At least until after most companies have reported their profits.
It looks as though GLD is going to trade sideways for a while. Im not counting on GLD to make very big moves so soon.
Strategy: Im not planning to go long on any stocks in particular, no matter how I draw the charts the potential upside is not a lot for a trade. However, I will post any stocks that I find interesting soon...
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