US housing is doing good

So with that in mind have a look at HOV (NYSE) and KBH (NYSE)

Both should be gaining from this morning report and even if HOV is a bit more volatile, it should be the one winning the most.

New high on Dow Jones

Well it seems at first that stocks are in for a great run but i do not believe it.

Stocks are over valued at this time and a small correction is needed.

Look for indices to go nowhere at first then a 200 points drop. Recovery will then starts.

Be extra careful not to get trapped in!

ALERT OIL PRODUCER MEETING IN DOHA

FAIL............A BIG   FAIL

So how do you think oil will react tonight on Asian trading?

Bad.....very bad

Even with a
Is this time to get back in ? Not sure at least probably not Monday UNLESS opening prices were to be crazy (25% or more) but i would be surprised as it would be an over reaction.

Prices should remain at this time around 35$. Anything under would be a good opportunity to get back in with a great profit within 8-12 weeks (June meeting)

Have fun

what to expect on Friday

As i expected oil and gold did retreated a bit today allowing some more profit taking.

I do see the same for tomorrow (Friday) and stocks are on the verge of a small correction toward 17400 or 17500. This is usual.

I am already looking to go and do some bargain hunting for early next week.

Will keep you posted.

Here we are

Ok. Oil volatility is back and same for gold.


US dollar is getting stronger so does stocks.

So how long will that last?

Expect gains again tomorrow for most stocks and early Friday morning. BUT expect also profit taking near the close as NYSE will be very close or a bit over 18k.

Will an oil deal be reached rapidly? Yes but expect reports coming from all directions and going in all direction. Expect a lot more volatility in oil and don
Have fun

Volatility is back

Get ready for high volatility in gold and oil.

It has been a very good 3 weeks and we should be ready to see some ups and down for the next couple of days.

I still expect 50$ oil in a very short term and 1300$ for gold in the same time range.