Cautiously Bullish … Dow Jones Short Term

Well Im back for another week of excitement and fun. Lets start off by me saying that Im sorry I haven’t written about the markets for a week but Im here to tell you that Fridays market reversal from the huge Gap down on the Dow Jones Industrial Averages futures contracts to have this market close up tells me we are going to Rally Up this week, look for the 11300 =11400 area for resistance , But I would not be shocked to see 11700 by weeks end so Ill take a LONG Options Positions by Selling the 10500 puts for November and by buying the 11500 calls for November . This should be a wash on money ayou will collect around 3200 for the puts and spend around the same for the calls . i will keep you posted on when to make adjustments. This bailout the government is doing is eventually going to lead to the collapse of the US currency as we know it but for now I will not fight the tape and roll with it . Dollar is being bid up tonite and should hold through the morning so Gold prices will continue to be soft for a bit longer here Hold off on getting Long any Metals for now. Part of this is because rates are going to increase as we print more money and beg borrowers globally for loans and money . Investors may start to loosen up a bit and look for some god long term values on some stocks . Longer term this should be the last rally we see for awhile and im eventually looking for the Dow Jones to head to around 8000 before elections…Good Trades All..