This simple bounce off of the 20 day (orange line) could be the indication for stocks going another leg higher. Valuations are cheap, there is a healthy amount of risk, and Ben Bernacke will back us if we fall. Here is a litle something extra from the WSJ.The people programming and running computers for high-frequency…
Most stocks in the portfolio have pulled back completely to support, after rallying nearly 50 % in some cases before the run-up 3 weeks ago. We want to buy stocks at support today, but are still feeling a little nervous at these extended levels in the S&P 500. Despite the S&P 500 being at support,…
China, A Tightened EconomyJim Trippon: With many in the financial media in the west raising their voice about China (NYSEARCA:FXI) as an economy in imminent danger of plunging off a cliff, it’s obvious that the Chinese government doesn’t share that view. The Chinese policymakers have been attempting to address and manage certain economic problems, which…
Markets fell for a 6th straight day as investors continued to take profits from prior week’s gains. Numbers have been mixed so far this week and therefore the consolidation and profit taking come as no surprise. The dollar did indeed bounce off of support today, which accelerated stock declines towards the close. The dollar has…
Markets had a huge run two weeks ago. They consolidated last week and ended up drifting to the 20 day moving average. In a bull market, this is what you want. With the dollar update posted earlier, along with the vix being low, one could make a case that we are going lower. However, stocks…
The dollar has suffered ever since the Fed’s QE3 announcement last week. Since printing all of that money leads to an over-supply of dollars, inflation rises and purchasing power diminishes. With this debasement of our currency, stocks should benefit. Companies will reap the profits overseas from favorable exchange rates. Despite this being said, the dollar…
As we took profits last week and rebalanced the portfolio, we began salivating at the mouth waiting for our stocks to pullback. As I am trepid about the market being this extended, I also feel that we must be prudent in buying uptrending stocks. We got the pullback to the 20 on some, so here…
We haven’t sent out any updates because there has been nothing to do in the market since the qe3 announcement. Trimmed AEM today for a 10% gain, and bought 1 call on PHM at the closing bell, just in case this run continues. I hope you guys have made money out there on our recommendations….
Stocks are down modestly after a huge run last week. Is this the top or a buying opportunity? Not sure. But being down only 50 after nearly 400 points up means people either aren’t wanting to sell, or strong demand is soaking up the selling. We want to see if this new round of quantitative easing…
We are closely eyeing aem and petm, two of our core holdings. See our previous coverage for full analysis. While we would have like to trim aem today, we feel the stock is headed higher in the short-term. We view any pull back as a buying opportunity. PETM has underperformed the portfolio recently after its big run…
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Buying Copper & Gold Giant ($FCX)July 6, 2014
Target Nails Bullseye ($TGT)June 26, 2014
Buying Cheniere Energy ($LNG)June 4, 2014
Apple Wants Beats Audio ($AAPL)May 28, 2014
Buying Calls On 3-D Systems ($DDD)May 27, 2014Really Liking Facebook Shares ($FB)May 25, 2014
