Fri Morning- Feb 19th - Update

Today is options expiration day. So no trading allowed, at least for the day. What is funny is that:
1) Gold doesn't seem to want to go down
2) The Dollar still needs to breakdown some currency, but doesn't appear to have the strength
3) Europe still hasn't decided on Greece
4) Market volume light on this run-up
5) Fed raising rates
6) Options expiration, with a boatload of puts going to expire

Monday will begin a clean slate. Expecting a sell off into the close (who wants to own something where Europe may derail it by bumbling the Greece crisis) and a big down Monday or Tuesday of next week. If not, well then...

Feb 12-Friday-Market Update

Market update-
My hunch is that unlike 2008, the market will be pushing up the US dollar alongside Gold.

The Dow went from 10700 to about 9900 back to around 10100. In the meantime, we investors are worried about the state of Europe as well as the state governments in the US. Now China is coming out contracting liquidity, which corresponds with the Feds earlier announcemnt.

So what appears to be happening is that governments are throwing down the gauntlet on inflation, or what they define it as in order to create deflation. But this is only temporary, as most would not be able to handle it for any extended period of time, which is why the money will be moving into gold, not into Euros nor US Dollars. Remember 1 ounce absorbs $1,050 dollars.

Stops are key. What is strange is that my stops are similar.
S&P500 1040
Gold 1044