Gold does not hold 1300

May 23, 2014 10:14 am / Published in GLD, GOLD, Market Update, SPY
Sooner or later we will break of the range in and because of the holiday I guess the short will not want to hold their positions over the long weekend. The market internals shows buying pressure 1.7: 1 in NYSE and 1.85 : 1 in Nasdaq. We will brake to the upside. Ahead of weekend

Traded to 1980 overnight

May 22, 2014 9:26 am / Published in Market Update, SPY
We traded to 1980 in the SP500 futures overnight. I won’t be getting long if we don’t brake that level.  This is great for the VXX trade I have on since the beginning of the week. Last Sunday I said that I was expecting a strong week and materializing. Short-Term Market Outlook – Positive  

Back to last week levels

May 21, 2014 4:12 pm / Published in Market Internals, Market Update, SPY
The market closed on a high note and we are back to last week levels. If this week we continuo with the uptrend we will be able totally erased the drop last week forcing my bears to cover postions. The Market Internals showed buying pressure and it’s likely that we will continue to the upside

Short-Term Market Outlook

May 19, 2014 6:48 pm / Published in SPY, VXX
The broad market advanced today. The Russell 2000 outperformed other indexes by climbing up 1.04% while the S&P 500 gained only 0.38%. The NASDAQ 100 pushed to new six-week high today. Volume for the S&P 500 was 1,634 million shares today, 22% less that the average daily volume of the past 3 months.

Gains in AAPL and TSLA

May 19, 2014 1:21 pm / Published in AAPL, Market Update, QQQ, SPY, TSLA
On yesterday’s weekend video TSLA and APPL were setting up for a positive week and Monday gave me nice returns. Strong positive trading from the open. (You can find the video on MarioRandholm.com>Trading Room>Video Updates) TSLA got into the 195 resistance right from the open an now its holding that level to gain momentum. I am looking

Flat on weekly basis ahead of ECB and June Payrolls

May 19, 2014 12:40 pm / Published in Market Update, SPY
The weekly chart shows flat trading during the last two weeks and last Tuesday we marked an all-time high in the SP500 and Dow Jones. This week we have important data coming for ECB and FEB. During the weekend video we analyzed long trades on AAPL and TSLA which are working nicely today.