TZA

Will sell part position on TZA tomorrow at 32.3 or so.

Will buy again on bounce.

Am targeting 700-710 on the RUT.

More Movies!

On Monday, I will sell F and LEN to buy more movies!

NFLX

Plan to buy some movies tomorrow!!!

Bull and Bear

$TNX, $WTIC (oil) and interestingly the TRANniesare suggesting a bullish case. Bullish MACD divergence on the daily suggests upside. Same with the basing patterns on several equities.

Copper and Base metals are NOT looking great. That is the major bear case. The dollar is looking strong. The 60-minute suggests further strength to come. Longer-term, the dollar may have bottomed.

Possible that Copper and Base metals are looking weak in part because of dollar strength.

NFLX

Down to 109. something and then up to 136. Will sell at 115, buy 109.

F, TSL and JKS still strong buys. ES 1161 may bottom this leg down.

Summary:

Will buy NFLX 109.

Will buy JKS 8.3

Am Long ZSL until tomorrow.

Update

I will keep pushing long until 1260 ES and new highs on the NDX (2425). Take profits and reload. Keep watching the NDX and the RUT.

1. TSL target 15.65.

2. JKS Target 13.

3. FSLR Target 90-100

4. NFLX Target 150 then 200. will try to buy at 112.4 or so.

5. TNA?

6. AGQ? at 120 (target 140) or AG at 16.2 target 20.40.

Update; Solars

1. long ZSL at 13.94; Plan to sell around 22.

2. Will go long AGQ on Wednesday at Silver 25 or so.

3. Will buy one or two of the following: TSL; JKS; FSLR.

4. Will buy TNA at Russell 640 or so.

Update:

1. TSL at 6? target 15.65. Try 6.5. 6000

or

JKS at 6? Target 13. 6000

2.FSLR at 60? Target 90-100 6000

NFLX at 120? Target 150 then 200.

3. TNA at Russell 640 - not happening. sorry. Try 653. 8000

4. AGQ at 120 (target 140) or AG at 16.2 target 20.40. 5000

My current view of the market is that we are setting up for a big move up. Big. Especially in the NQ. Look at the NDX chart. It is a thing of wonder. I wouldn't be surprised by new highs on that chart.

Silver, TSL

Next Tuesday- Wednesday, I will probably buy AGQ (double SLV) at Silver (at 25.6) and TSL (not sure about the price yet).

I will also buy SOXL. Not sure about price.

Tomorrow (Friday) I will go short the market via BGZ and possibly ZSL.

After next Wednesday, VIX is going to 19.8, with a brief stop at 30. VIX 3 month Puts would be an awesome investment for those interested in options.

TSL, BGZ

- Will try to buy TSL at 6.07 tomorrow; ST target is 7.80.

- May also try to buy BGZ at SPX 1140. Target is still 1030 or so. This will take guts, but I believe that this is the right trade. Even if we don't go all the way to 1030.