On the Sidelines

February 5, 2015 – Steve Kalayjian – Market traded lower on ECB comments that they will not accept Greek bonds as a form of collateral …bank stocks still negative on my work on the weekly charts ..Disney had blow out earnings and looking for the same pattern on the daily time frame as SBUX to set up as a buy ..oil was down 4.42 my target in oil was 53-55 and oil traded at 54.28 Tuesday ..we are not out of the woods yet in oil ..gold ,,, came into my target zone as a buy entry between 1245 and 1255 ..the low was 1251
and said I would sell gold between 1260 and 1270 gold traded above 1270 to 1272.30 …

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