DAILY MARKET UPDATE FROM JOHN
ASX – Expect to follow DOW going up for at least a higher high if not new high (50% chance). Next MAJOR turning point is 28th February.
DOW/SP – still got 50% chance to hit higher or new high. Last 2 days they surge but have lower volume, so we might also see DOW pull back from here too-50% probability
Gold/Silver – Expect to top around late Feb. For quick trading purpose, Gold may drop Tuesday and Wednesday to 1280-1300 before rally again
note: I only trade with 70% conviction (probability)
Action plan: 1. Wait to short banks, ASX, DOW around late Feb
2. Buy BDR SLR on dips Wednesday/Thursday
3. Buy BDR SLR today (if can get reasonable entry) but sell all on Tuesday
4. Short FMG (short focus) from 5.75-5.85. Short AGO from 1.09-1.11
5. Hold AUDUSD Long and may close for profit this week
6. May take some profit in gold trade tonight or tomorrow morning. Hold Silver till at least 22.20-40.
7. May buy back gold around 1280 ( if drop there)Share This :