Month: April 2008

Hunch

Hunch

DGP and SKF will be a nice pair if the Friday reports are poop…


Complacent VIX

We’re back to overbought, “everything is OK” levels. I sold my home builders and semiconductors this afternoon. I’m looking for another gap up and then a long steady fade all day. SKF is looking for a bounce as the volume spiked. Precious metals puked another couple points, but I think we’re 2/3’s of the way…


A New Theme

Home builders, Semiconductors, Biotechnology, Water and Natural Gas… a strange assortment of market leaders for the day.ITB is a home builders index and like its better known brother XHB, it has taken a beating over the last two years, down nearly 60%. After finding a low ~13.50 on January 9th, ITB has shown remarkable strength,…