Newsletter Update Tuesday March 4 2008

What a short lived rally to the upside we had last week. The stock market showed some potential strength to the upside before Friday's big plunge due to the fears of a US recession and slowdown. I am not too positive on the US markets right now and in looking at the charts, it looks like we may test the lows in January. The two sectors that have been doing extremely well are the gold and oil sectors. However, even for those 2 sectors, I would wait for a pullback before getting in. The people who are short selling this market are doing extremely well and I would be looking to short any rallies here.

I have recorded a video below that outlines how the stock market is performing. Good trading!!!