While global markets are on the rise, emerging markets as represented by EEM are giving a clean signal to buy. A double top breakout in an uptrend above a rising Bollinger is a good reason to start a position or add more units and raise stops. A move below 30.21 would warrant caution, but with…
The 5 least correlated positive return ETFs show numerous markets cracking critical support and making new lows. S&P 500 indicators are bearish across the board. The market remains fahklempt, buyers beware. The only positive things I see are emerging markets holding above the November lows, and Treasuries failing to make new highs, despite ominous news…
Despite the media frenzy over high unemployment and other worrisome economic headlines, there are signs the global markets are stabilizing, and that risk taking is increasing. I have a shit ton of charts to prove this point, way too many for the average Joe, so I’ve narrowed it down to 5 for this post. If…
I sold IWN, IYR and EEM at break even or down a few pennies, all of which I was prepared for. My TBT and DBC still remain in play, but I’ve raised my stops to lock in some of those sweet profits. My indicators are slightly less bullish, and with price falling below some key…
My indicators show the emergence of a new uptrend, and so I’ve bought IWN, IYR, EEM, DBC and TBT for the ride up. Since my indicators remain in bearish territory, I’m staying cautious, trading small positions till volatility falls further. Sadly, I have no chart to post because I haven’t figured out how to make…
A look at the 5 least correlated liquid ETFs. Commodities have stabilized over the last two months, but DBC technically remains in a downtrend. Long positions are remain speculative, but my gut tells me that there is more risk being short than long. The bounce I was looking for in emerging markets never materialized, and…
Here is the weekly rundown of the 5 least correlated liquid ETFs. DBC is showing some signs of life on minuscule volume. Intuitively, I’m bullish commodities, but since they remain in a technical downtrend, I remain cautious. Emerging markets are bouncing within a newly formed downtrend. EEM looks capable of rallying from this point, and…
This week’s look at the 5 least correlated liquid ETFs. After a hefty rally, commodities have resumed their fall, and DBC remains in a massive downtrend. Heed the words of famed economist and failed trader John Keynes, “the market can stay irrational longer than you can stay solvent.” Momentum in emerging market’s waning, and the…
A weekly look at the five most liquid but least correlated ETF’s (excluding inverse’s). Last week’s call made here is playing out rather well. DBC is in a great rally from it’s lows, and has a volume pattern that often appears during bottoms. EEM has bounced nicely, and looks poised to breakout. Expect bulls to…
My premier post of 2009, and it’s a little nerve wracking, sorta like blogging for the first time. What do you want to know? My market opinion’s are the same as a few days ago, so that isn’t interesting. For the record, I’m holding IWN, IYR, EEM, DBC and TBT, but that doesn’t really matter….