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[Islander]

Next week is promotional. face book manipulation. The outlook is longer run, negative: Bond closes at 145 headed to 160 in the fall. Bonds drive gold down. At some point a buy in fall? not sure. Junk attractive, but JPM game is going to have affects on price for a while. SPX 1355, in ABC down: CD to is likely 1343 maybe lower. After that 1250 is open and possible. COMP price failed at 2960 likely move is ~2600 down. NYA Closed with hammer candle, Expect down to NOV 25 '11 low. USD is up 80.42 on vol. Could move to 86. Not good news for oil, PM or stocks. I am hold short positions in the fall. yes, there will be counter moves, but the direction is down for now. Best, Islander

Edited by Islander, 13 May 2012 - 02:30 PM.