American Equities vs. Bonds are rallying in a downtrend, but approaching resistance. The stabilization of Miners vs. Gold reduces deflationary worries. Relative to gold, the 30Y is bouncing off long term resistance, but remains in an uptrend. Signs of stabilization are emerging as these ratios exhibit mean reversion. If volatility can stabilize, we may be…
Not much has changed, even with Friday’s +6% close. Even fewer stocks breaking to new highs. Optimistically, a couple stocks are climbing above the 50dma. Gold showed good strength, and GDX was up 26%. But gold is approaching resistance, so stay cautious. The market is still terribly weak. Gold miners may offer some upside potential,…
I’ve been doing more tinkering with stockchart.com’s free P&F charts. I like Point and Figure over Candlesticks because price can be scaled to Average True Range, which helps expedient trend recognition. If you aren’t familiar with ATR, look it up and read something by Van Tharp. Aside from charting, Average True Range is a statistical…
The Euro and Pound are crashing, S&P Futures are limit down, Gold is falling, the Yen is at a 13 year high… This is going to be an epic Friday. I’m waiting for a Russian Debt Default, a Tsunami in London, and a Terrorist Attack in NYC.
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…