All about Gold stocks
Last week was all about gold stocks and this week is no different! Well, we do have some Silver sprinkled in here and there you’ll …
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Gold at all-time highs
With Gold at all-time highs, we’ve been punting some gold stocks over the last few weeks and now we share a few new ideas.
Gold at all-time highs Read More
Short and sweet
We’re keeping it short and sweet this week, as we think that is likely the right positioning on DM indices right now.
Staying flexible
Staying flexible in your views and convictions is a vital skill if you plan to survive in markets for a long time. At the end of the day, being right or wrong hardly matters. Being able to change your mind when you are wrong and remain convicted when you are right is really the only skill that deserves to be trained.
Up she goes!
Not all bears get honey. We expected markets to come off last week and pretty much exactly the opposite happened. Up she goes!
Time to wobble
The market has remained persistently strong. Relatively at least… U.S. markets are slightly higher, but locally markets are slightly lower. So, no real fireworks just yet. Perhaps the momentum finally shifts down, and we see the market come off a little? Particularly in the over-hyped tech sector. Let’s look at some charts and get a better idea of why we’re thinking what we’re thinking.
Kansas City Shuffle
One of the more important lessons we’ve learned from participating in markets for the last almost two decades is that the Kansas City Shuffle is very often a very reliable move. What are we talking about you ask? Well, when everyone is looking right, go left. Still, what are we talking about? In a nutshell, the market has become very bullish, despite the enormous amounts of negative economic data and overall headwinds.
It’s buy time!
Once again, we come to you with charts that are bullish in an economic landscape that is everything but. Like we’ve said many times though, our job as traders is to follow the market and take the opportunities it presents to us, not to ‘make sense of it all’. So, while we could ramble on about all the various macro headwinds like U.S. government and student debt, stressed liquidity and bank balance sheets, looming recession and so many other factors that cause worry, we will not. Instead, we will simply quote Jesse Livermore for the millionth time and say ‘a bull market climbs a wall of worry’. It’s buy time!
The little bull that could
Like we said last week, it doesn’t need to make sense to work. The little bull that could is doing all it can to get up and rallying, and we’re not about to stand in its way.
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American Bull
The American Bull stumbles blindly forward, without caution, directly into a looming credit crisis. Not perturbed by reality, the American Bull just keeps rallying without a care in the world, resolute to let the next generation pay for its foolishness. And so, headline U.S. Equities Indices, just, keep, trading, higher.
