Today was perfect. Everything I’m dabbling in was on the up and up, except for the Swiss Franc FXF. SLV and IAU continue to make new highs, and I started a position in DGP. Even the double inverse funds made new short-term highs. DBA rebounded above 42, even though UDN failed to close higher after…
The market shat on the bulls Friday, which made tons of cheddar in SRS, SKF, TWM, DXD. UDN, FXF and FXY are trading at all time highs, and continue to show strength as the markets weaken. Commodities were mixed as DBA moved lower w/ USO, and the precious metals IAU and SLV remain unchanged. GDX,…
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…
This past weekend I got drunker than the American consumer, only to find myself locked out of a friend’s apartment like a depositor in a bank run. Like Mike Shedlock, I rang the bells and made some calls, but too no avail, for my cries fell upon unattenuated ears, similar to the monkeys on Capitol…
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,…