Is The Sky Falling Again?
That was quite a nasty reversal yesterday afternoon. I was stopped out of VOYA for a mere 22% gain, after being up more that 30% in the morning. Shedding some long exposure, I logged in to sell some...
View ArticleBumpy Roads Ahead
Prepare for a frustrating market. Financial blogger ChessNwine over at IBC does a great job making the bull and bear cases. I believe we go lower, but will take the path of maximum frustration to get...
View ArticleMemorial Day Book Review – Intermarket Analyis And Investing by Michael E.S....
When my copy of Intermarket Analyis And Investing arrived, it looked more like a college textbook. I had originally planned to breeze through it over a weekend, but it’s heft required me to take it...
View ArticleStop, Collaborate and Listen (Bought $CNX, Sold Half $CPL)
The market has certainly been acting strange lately. Yesterday’s open, with the Dow up 200+, was painful to my net short portfolio. Those gains were given back in their entirety this morning. I sold...
View ArticleTop Of The Channel To Ya’!
It’s my birthday so I’ll keep this short. Here’s the weekly S&P 500 chart dating back to the March, 2009 lows. ‘Nuff said.
View ArticleWhy Summers Don’t Pay (At Least For Me)
Despite my recollections of many winning trades in the summer months, my p&l tells a different story. The sad fact is, in over a decade of investing, I have never had a profitable June or July....
View ArticleBought 1/2 Position $BBRY
Blackberry popped this morning on high volume with no news. Rumors are that an activist investor may get involved. I’ve been watching BBRY for some time and the stock may now have a reason to rally....
View Article$BBRY Up Through Resistance
Here’s a look at the wedge drawn on the daily chart. Now take a look at the up close and personal 30 minute chart. Price breaks above and settles back to the line. I hope to see this previous...
View ArticleJust Along For The Ride
I don’t know why I even bother with the market during June & July. With my portfolio allocated to 50% cash, 25% long (BBRY, CPL & CNX) and 25% short (TZA & DUST), the account balance...
View ArticleNow We Can Bounce
Last night, ES tested the 1600 area lows last probed on June 6th. They held. In addition, my favorite measure of risk appetite USD/JPY has completed five waves down and is due for at least a moderate...
View ArticleWait For Clarity
Wow, look at $DUST fly! I could’ve held on for another day and made an additional 10%! Besides gold getting crushed, stocks are being punished and interest rates are flying, killing bond holders in...
View ArticleConsidering Our Likely Range
Take a look at a chart we’ve been using to define our risk for some time. It’s the parallel channel on the S&P 500 dating back to the March, 2009 lows. It’s the reason I’ve turned quite cautious...
View ArticleMore Pain Ahead For Coal?
It is no secret that shares of coal companies have been beaten down in the past two years. Many coal companies, including Peabody (BTU) ,the largest private coal company in the world, are now probing...
View ArticleAre Industrials At A “Do Or Die” Moment?
The charts of many large industrial names are at scary, make or break junctures. This do or die appearance may be a proxy for the market as a whole. Either we bounce large and soon, or we risk very...
View ArticleThe Bull Is Back, For The Moment
Our little bounce that has materialized since Monday morning’s scary drop is beginning to be embraced, thanks in part to bonds finally catching a bid. I’m still a bit skeptical, as the action so far...
View ArticleBought $NUGT @$4.54
Let’s see if this strength is for real. Stop entered below yesterday’s low. Disclaimer: You may lose money buying NUGT
View ArticleKicked In The Gut
I woke up this morning to some most disappointing news. Blackberry’s horrendous earnings released this morning sent the shares down almost 25% pre-market. Just yesterday on this site, I was debating...
View ArticleCaution Warranted
The S&P 500 is meeting resistance today in two forms. First is the middle Bollinger band (also the downtrending 20 day moving average), second is the 50 day moving average (red line on the chart...
View ArticlePerfect Balance Despite Calamity
As mentioned previously, I was deservedly gutted like a fish during this morning’s BBRY bloodbath. In a strange turn of events, my NUGT long has more than offset my losses in BBRY, rallying 20% so far...
View ArticleSmall Caps Gap Filled
I’m usually quite the bull during holiday weeks, but this gap fill caught my attention today. This is the IWM Russell 2000 ETF which just closed the gap created by the June 20 drop. The RUT chart...
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