Builders Subprime Banks and O'my

Dear Readers the table below was given to Dear Mr. Rent for his Builders short support levels, but there are levels even lower(BOLD).
------------------------------NOW
LEN 42.18 38.35 (43.08 )
HOV 24.24 19.90 (25.64 )(teenagersAgain!)
DHI 20.60 18.11 (22.15 )(teenagersAgain!)
CTX 41.09 35.30 (42.06 ) touched
TOL 26.18 21.36 (26.18 )
MTH 31.64 28.45 (32.73 ) touched
NVR 725.31 509 ( 699 ) touched
Now if these were to occur we are looking at some very unfortunate distress event of gigantic proportions. Not expected, but in this business one must expect unexpected so watch this staff. Thanks Dear Rent for touching on this subject. Good Trading

Tails and Antennas

Dear Readers, I hope you all see the tails(Stocks) and antennas ( OIL GOLD EURO etc) on your 5-15 min charts. I think this short run on stops is just about over and we can return back to Higher Stocks and Lower Other things. Again, I could be wrong, just be careful. Good Trading

LImits

Dear Readers today's limits

QQQQ 43.15 - 44.02 ( note Volatility adjastment)
Looks like JD will prove to be correct and the 2401 NASD level will be tested
That means 43.15 for QQQQ will also be tested.
GLD 65.36 - 66.07
USO 52.88 - 54.00
GG 24.09 - 24.54
Good Trading

Nothing Resolved

Dear Readers, yesterdays market moves have not resolved much from the questions posed in previous update. So stay tuned and watch what is the market's answer to the high Buy Pressure and decide accordingly. ENERGY... as promised, I looked at this and frankly there is nothing to it but a short covering rally that is about to stop dead at 55.00 for USO. If we are wrong and there is more to this energy rally than a short covering we could see 58.50 and Even 62.50. In either case we still view this market in the bear move and do not consider it to be turning into bull any time soon. Gold and Currency analysis remains unchanged From the last post. Good Trading

OK, whats up with ENERGY

Dear Readers, Energy seems to be energized and you ask why, what is the reason. I hope that by now you know the markets go up cause somebody wants them to go up. When that somebody(ies) are powerful few things can stand in front of them to move the markets. This BS about Nigeria's would be president is garbage to justify a good old fashioned run of shorts. I should do a good technical review of this market to come up with a potential stop point and will try to do that by tomorrow. Anybody else is welcome to chime here with their own opinions. Standoff with Iran may not be helping things here, but you would not see it in GOLD will you? Good Trading

Limits

Dear Readers today's limits

QQQQ 43.61 - 43.97
Please note nice call from JD about the NASDAQ Bottom 2401, See the Comments
GLD 65.35 - 66.19
My Apologies on this one and thanks to alert Dear Mr Rent for catching this error in my typing.
USO 51.78 - 52.58
GG 24.34 - 24.70
Good Trading

All Pressured

Dear Readers, The Stock Markets are all pressured up. Buy Pressure has been growing and now has almost reached extremes. We waited for this time and thought tthat markets will decline to meet such a buildup. Now, the real character of this market will show up. If the markets move strongly higher from here, then we would know that it takes a relatively small buy pressure to take the markets up, which in English means "path of the least resistance is up". If not... you conclude the sentence. The Gold did what was expected fake the move up and then close lower. Yes it looks tired, but please do not get carried away with the weakness, this may turn out a stealth bull market where we see few rockets up, but a steady zig-zag slanting upwards. In any case early April lows are in cards. Ditto Energy and Currencies as well, which implies a strong(er?) Dollar for the coming 2-4 days. Good Trading