Well its been two weeks since I last posted, but with a fresh bag of salad, I’m read to roll. It looks like the dollar is about to fall off a cliff as it trades to an all time low against the Euro. Oil, Silver, Gold, Wheat and related countries continue to move higher as…
Thank god I don’t take my own advice too seriously during the trading day, TWM is down a hefty 5% in two days. As the market rallies, I’m not playing the short side, I don’t want to fight a rising 5 day moving average. EWM has been a solid performer over the last two days,…
Insomnia has my balls again, so here are some thoughts for Tuesday. I like the action in the following ETF’s: DBA, DBC, EWM, FXY, SKF, SLV, and TWM. These seven funds have many of the fundamental and technical characteristics I think will do well in the coming months, and have been looking real good in…
It has been a rather ridiculous two weeks. This blog hasn’t seen too many posts, mostly due to my horrific embarassment and reluctance to get back in the game. SRS, SKF etc took HUGE plunges following my recommendations… and while I had the good sense to steer clear of the mess (after losing 2% of…
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…
I’m long miners and gold/silver, short discretionary, real estate and have some exposure to china, along with agriculture. I’m 10 dollars richer…
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,…