01/18/2012 Market Update #2

We have a short term long target at SPX 1316. But, it may take a while to get there. Right now we should pull back until the RSI (blue line) is at 15. When we get to that point, add to your long position.

01/18/2012 Market Update

Summary: We are still long at SPX 1295. We are still waiting for an upside target. We are short TBT until we get a new target. I will notify all by Twitter when those two targets take place.

SPX (11/18)-
Previous Market Close: 1293
Short Term Target: 1295 (Achieved)

TBT (11/18)-
Previous Market Close: 17.96
Short Term Target: 18.15 (Achieved)

01/17/2012 Market Update #2

Summary: We have hit our short term bottom at SP 1295. Close all short positions and go short. No target price on TBT yet.

SPX (11/17)-
Previous Market Close: 1289
Short Term Target: 1295 (Achieved)

TBT (11/17)-
Previous Market Close: 18.15
Short Term Target: 18.15 (Achieved)

01/17/2012 Market Update

Summary: The futures are up this morning, although of the highs. Our targets have been achieved. We will sell our long positions and enter a short positions. When we have a short term target I will post an update on Twitter.

SPX (11/17)-
Previous Market Close: 1289
Short Term Target: 1293 (Achieved)

TBT (11/17)-
Previous Market Close: 18.15
Short Term Target: 18.15 (Achieved)

01/15/2012 Market Update

Summary: The markets will be closed tommorrow 1/16 for MLK Day. The market is very over bought. Despite downgrades for the Eurozone, the market will still tick a little higher on Tuesday.

SPX (11/13)-
Market Close: 1289
Short Term Target: 1293

TBT (11/13)-
Market Close: 18.15
Short Term Target: 18.15

Follow me on Twitter @AcesRothstein to get intraday trades (sometimes it takes two or three days to get to a short term target, it will never be in a straight line. To capitalize on these moves, one will need access to real-time updates throughout the day).