Alright well the website is still a work in process. Maybe by the end of the week it will be up! I can't wait!

Anyways, the market today held up very well. As I had tweeted early this morning and probably on the daily analysis yesterday..  I thought the 8 EMA would be bought and we could go higher from there. That is exactly what happened. Going forward I still remain cautiously bullish - we look good technically but to truly ensure higher prices we need to consolidate a couple more days. If we have another leg higher right now it could easily considered extended, and unbuyable - bulls do not want this. As long we continue this trend of holding higher and staying above the 8 EMA the more I think we can go higher. I am in the camp though that we could see another push higher and then a sell off to the trend line (see chart).

I plan on doing a full post on Apple with MANY charts but I do think that the position traders may want to consider buying some back now. It is on a long term support level/trend line and could see at least a bounce. Will post more on a individual post. Stay tuned. All the charts will be on this post too.

Google had a wild day but closed more in the bullish camp. I still think google is in for higher prices though I would wait for the pattern to develop a little more first.

Amazon is hanging tough, not a conviction buy right now for me though. I still think we can go higher but would like a more bullish candles to take place and better set up - keep it on the watchlist.

Dell continued today after I mentioned it this past weekend that it looked good. Now I think that it needs time but I still think that 14.60 is a reasonable target.

$GG did well today after I mentioned it this past weekend. I would not look to buy now because it did not have any real volume behind the move but if you took the trade - congrats.

New website up soon. Overall the market is holding in there. Will be on the look out for a sell signal but still looks like it wants higher.. At least for the short term.

Ron Matuz
1/16/2013 00:18:15


Nice! You got this market figured out. Except the cautious part. It may run higher than we think. Get in and stay in. Ride the trend. The trend is our friend, until the trend ends. And you will know when that happens. Bull markets are easy money. Get your share.


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