Weekend Update

Well, last weekend I was thinking we were in for a nice run up to around the 9,600 mark for another test of the tops. Sure enough, slowly but surely, we got to that double test by the end of the week. Right now, we appear to be ready to move higher and breakout over the 9,600 mark. I would love to go long the market over 9,650--giving us a nice cushion just in case we pull back really fast with some sellers (like on Friday).

Nat gas really struggled Friday as did oil. It had to be because of the dollar, right? For once, wrong! The dollar index actually closed down a bit on Friday, yet oil and nat gas were hammered. What is this telling me? I think people are running for gold right now in herds. Now this isn't necessarily a good thing, but when everything but gold is falling...that's about the only thing that I can deduct. We'll get a better read this week, so let's be heads up for anything telling.

Looking at the week ahead...TIV had a huge day on Friday, and I'll I'm really seeing so far is 10-K report out of the company. Let me tell you...it must have been something big for this kind of spike. Either way, I'm curious if the stock will be able to hold up. NURO had a nice breakout over the 2.50 mark...the stock should be volatile...not sure which way, just be ready to trade it. TA continues its run higher...still waiting to short the negativity soon. YRCW, the stock I mentioned not too long ago for a breakout over the 200-day MA finally got its move...nice 20% move.

Okay, and now a good song for the road...

MK