According to my NASDAQ indicator, the market is stronger than the pre-election rally. Buying dips in sectors breaking out of bases is the way to play. At some point I’ll make a rundown of sectors I think are hot, but gold miners are clearly the group to beat. A return to prices seen before Lehman’s…
Even with today’s negative action, my indicator was positive. We’re at the levels that preceded the last down leg. Will it be different this time? Short treasuries and short gold is breaking down, so people are still shunning risk. The yield on the 30 year looks ready to make new lows. I’ve been too busy…
Hot picks from StockTwits.com Apple continues to enjoy a short term uptrend, but I think there are better places to feed. General Motors still looks terrible, but it too is enjoying a short term uptrend. Google might break the downtrend, but it’s at major resistance. POT is dangerous, and should be avoided (unless you like…
Some indexes are beginning to show real signs of life. Brazil’s Bovespa has broken a downtrend and Bollinger Band, so I’m looking to buy on dips. Gold miners have been putting in an uptrend longer than any index I cover. With so much political uncertainty, I can’t say I’m surprised. Nevertheless, stay cautious if you’re…
This market continues to exhibit an upward bias, so keep buying the dip. Risks remain high. The markets haven’t looked this bullish and stable since Obama was elected. The spread between Buywrite and Buy ‘N’ Hold indexes made a new low and violated the lower Bollinger Band, signaling a potential trend change. The falling spread…
I sure am glad The Fly took the hit and not me. Here is the post I feared I would be writing tonight. Therein you will find what could have been my future had I not eaten two Xanax and overslept till 11am PST. Even upon waking, Fate conspired to aid me as my melanomic…
“Red Alert: Gold Backwardation!!!” screams the headline of a Doomsday piece by a fellow I’ve never heard of. Antal E. Fekete, a professor of something in Canadia, has noticed that the future price of gold is lower than the spot price. He has concluded that there is as SHORTAGE of gold, and that we must…
Who would believe it if I said AAA Bonds are in an uptrend?Good volume and a new Bollinger touch bode well for companies with good credit. With Treasuries getting bubbly, AAA corporations are offering higher yields and reasonable safety. If there is a credit crisis, it isn’t showing up in LQD.
The Buywrite Index has been crushing Buy ‘N’ Hold strategies for months. Will the BXM:SPX ratio find resistance @ the 10sma? Gold miners haven’t lost much ground to gold, which I interpret as a bullish signal. Long LSC and short commodities is one of the best strategies I can see. Up almost 20% since this…
Today’s StockTwits DRYS is up a creek without a paddle so long as the BDI heads south. Vegas is dead, so the only growth in GGP is a line of panicking creditors. Now that is Peak Oil. Stay the away unless you’re looking to become bulimic. Double short basic materials looks intriguing, potential price target…