Since mid December 2008, GLD has been making higher highs and higher lows, signaling an uptrend. Volume is increasing on up days, and diminishes during down days, conditions ideal for investors. Coupled with technical strength, the fundamentals look good as economic turmoil and government stimulus drive this investment thesis. From a risk management perspective, a…
Here are the tickers making noise on StockTwits The last time I mentioned AMZN was here, and contrary to my forecast, it has risen over 15%. Now that it is approaching the upper Bollinger, I’m technically more bullish, but I suspect this stock is an investment trap. FCX remains in a vicious downtrend, but a…
My Internet was down all day, no trading, no shorting, nothing. I swear there is a conspiracy afoot to prevent me from trading on these awesome days. I missed the Geithner rally a few weeks back under the same circumstances. Anyhow, the markets look ready to churn lower now that volume has come back in….
It has been a helluva week… Finally found a good pot dealer in the neighborhood, some super duper smoke, so I’ve been doing a lot of photo editing and not too much trading. I have a comment from a wise trader who caught the huge reversal in financials trading UYG, a solid counter trend move…
20% of stocks are trading below their 200 day moving average, the VIX is hovering around 30, the White House is expected to release some sort of temporary stimulus package, and tomorrow is options expiration… my bet is on a dead cat bounce. Though I’m mostly in cash, I’ve taken a position in the badly…
Trading has many advantages, but articulating long term strategies is not one of them… Though I expect good things from the precious metals sector over the next year, today is the second day of high volume downwards action, confirming my thesis that there is a short term top in gold ~900. I’ve sold all my…
It has hardly been a few days since I posted my bullish thoughts on GLD, but what a difference a few days can make… With such a sharp run up in GLD, things looked good this morning as it continued to make new highs… but there was a sharp sell off today, but more importantly,…
After a solid jerk to the moans of Ms. Haze, I’m inclined to write a piece on an asset I’m bullish on, lest my dear reader assume I’m a total curmudgeon and hater. A slowing economy is often followed by falling interest rates, which in turn weakens the currency of that economy, thereby increasing the…