Last Sunday I told you I thought the market would rally at the start of earnings season. And boy did we get a rally. It looks like it is going to go up more.

I know you see it too.

The stock market in my opinion made a major top a few weeks ago when the S&P 500 peaked around 950. It has since fallen for three weeks straight in a corrective wave that has caught most people totally off guard.

If you are sitting there holding on to losses after buying into the recent market peak last month then you simply got caught up in the Wall Street hype. You also learned nothing from what happened last year. In fact if you invested and lost money in the last bear market of 2000 and then lost again last year you learned nothing from that experience either.

We have seen a peak in the market the other week and are likely to see the stock market go into a trading range.

Last week I sent a small survey out to people who just signed up on my free email list the past four weeks to get some ideas of stuff to talk.

Do not fear missing out on this rally. The market is down this morning and you may be tempted to buy. If you want to buy simply because you think the market may go up more without you THEN DO NO DO IT!!!!

As you know gold stocks are something I've been involved in with years. The other week I did an interview with Jordan Roy-Byrne who runs the website trendsman.com. I sent you a link to it at the time and you may have listened to it.

I just left the Bahamas yesterday, but before I did Dave and I put together this update on the gold market and gold stocks for you.

To watch it just click the video below.

I'm in the Bahamas visiting with Dave Skarica and a few others. Skarica writes the financial newsletter AddictedtoProfits and is a regular guest on Canada's ROBTV(their version of CNBC) and is often seen on the gold investment conference circuit.

Today I did an interview with Timothy Sykes of TimothySykes.com.

Tim specials in shorting penny stocks. He looks for stocks that are promoted by penny stock promoters and then shorts them. You know pump and dumps where the insiders and their cronies push a stock up that is full of hot air.