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…
The market will zig and zag till everyone has lost interest and is broke; cease participation or face death from over trading. Wake up late, take a bong rip, and get in the bath. If you turn on CNBC, keep it on mute and listen to something less caustic like ocean waves (I prefer pornographic…
Hot Stocks on StockTwits.com Amazon is a company I love and use, yet AMZN is poop. Bless Mr. Bezos, but until Kindle can be purchased by working stiffs, it’s a luxury in an age of frugality. CEG is an interesting HIGH RISK long. Look at that volume. FCX continues to prove that there is no…
A few market signs for the lost. The following precipitous graph is an example of the impact the financial crisis is having on the real economy. The BDI indicates how much shippers get paid for carrying freight. Due to the unwillingness of banks to write letters of credit for merchandise, shipping is mired in a…
Top stocks on StockTwits.com DUG doesn’t look ready to rise. I’d rather be long DIG. F is headed for nationalization or something equally disastrous for equity holders. It may double on news of Henry Ford being reanimated for a LBO. Hooray, FLR is establishing an uptrend. Needs a pullback. GE is a financial, mired in…