Weekly Forecast If you'd like to see a video version on this broadcast please go to Last Week's Trades- Everyone closed off investments this week through options expiration. Morgan Stanley (MS) and the Nasdaq ETF (QQQQ) simultaneously expired worthless along with we took filled credit on all those. Goldman Sachs (GS) everyone got stopped out and about at break still and Toll Friends (TOL) we got out with a small profit, entering at $ and additionally exiting at dollar. With winning trades andbreak even operate this brings all of our accounts up by for those month. We also entered a new trade with all the $ puts for Fossil watches (FOSL). Market Trend Certainly we finally became the bearishness that we've been predicting for the last couple of weeks and yes it hit hard. We are now in oversold region, but that yet doesn't mean we want to be buyers but still. The market is likely to go down further even as we fall toward any November lows of for the SP. If we break this support level then it is look out following. We are even so holding down in the level on a weekly chart through the sell signal that we got on Economy is shown th. We also still have a sell signal relating to the daily chart in the level so the trend remains to be down. Commercial Traders The commercials are still net short not to mention little has changed with their positions. We are likely to hit the November lows within the next few many weeks once we pay off this oversold problem. Seasonal Tendencies Seasonally there is nothing special about this particular week, but typiy Mar shows early along with mid-month. Forecast We are into oversold region, but that doesn't necessarily mean that we tend to can't still turn further down right from here. The ADX directional indicator is at, which means that we all have a somewhat strong trend that could ignore the oscillators. We may move sideway and also higher for just a little, before we drop or we may just continue towards drop from in this case. Whatever the instance we do not envy long the market at this time.

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