THE BIG PICTURE FOR BIOTECH, ENERGY, MINERS AND STOCKS

THE BIG PICTURE FOR BIOTECH, ENERGY, MINERS AND STOCKS

The problem most retail traders have is that they never bother to look at the big picture. In the charts below I’ve marked where we entered the biotech, energy, miner and stock markets. I like to enter low and sell high. The exact opposite of what most people do. I’ll say it again: the correct time to buy is when you are most scared.

Biotech (IBB): Many ridiculed me, most ignored me. They missed the opportunity.

Energy (XLE): My most poorly timed trade should turn out to be exceptionally profitable as we got in at a 30% discount to the all-time high.

Miners (HUI): My best timed trade and our metals portfolio is up 144% so far.

Stocks (SPX): The SMT stock portfolio is up almost 70% over the past year while stocks have mostly gone sideways. We did this by avoiding major corrections and correctly understanding that stocks were not entering a bear market.

biotech, energy, miners
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13 thoughts on “THE BIG PICTURE FOR BIOTECH, ENERGY, MINERS AND STOCKS

  1. fb7777

    Gary,
    You have made some excellent calls. What is the immediate time frame showing you? Looks like everything is topping or very close to topping in the next week or so and we are on the verge of a decent correction. Any thoughts on shorting any sector of the market?

    1. Gary Post author

      Don’t waste time shorting anything for the next 3-5 years. You risk getting caught in an upside surprise and seriously damaging your account.

      Look what happened to Jorgy with DUST. He destroyed his portfolio right as a new bull market was starting.

      If you think something is starting a correction then just move capital to a different sector that is going up.

      Oil is at the very beginning of a brand new intermediate cycle. Those are the best buying opportunities of the year.

      1. ras

        If oil is beginning a new uptrend, then djia and spx will be making new highs. Both include some heavyweights.

  2. jhmoffett

    Gary – nice work this year! As for what’s next, I think stocks are due for a DCL anytime now. As a result, have you moved partially out of stocks or staying the course? I am still in.

  3. babolat

    Gary has previously commented that intermediate tops and bottoms can be predicted by looking on a weekly chart for divergences in price and indicators like CMF and TSI. Well, I see those divergences now on NUGT and DUST. Volume raging on DUST too for the last few months. Looking at daily of NUGT also shows similar divergences.

    1. Gary Post author

      There is no way gold has made an intermediate top before the dollar makes an intermediate bottom.

      Gold will top in Sept or Oct. Right now it’s just consolidating after a big move. Hot money is moving into energy at the moment as it is just starting a new intermediate cycle. Once that matures a bit and gold has time to consolidate for a few weeks then the metals will give us another leg up.

  4. Alexandru Popovici

    Treasuries are set to deliver a higher high, a bull trap, next week as stocks and miners deliver their DCL and the dollar renders its DCH above its 200dma.

  5. Don

    Alex, why do you think the treasuries are going up ? I had hoped that we would see more of a pull back in the treasuries.

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