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Gary, which of the levered oil ETFs do you like for such moves? GUSH and DRIP? ERY and ERX? thks
I wouldn’t buy any leveraged ETF’s until we get a clear move down into a daily cycle low.
Looks like gold might be waiting for Yellen’s comments later this a.m.
How many times must I warn people not to short the stock market?
The S&P is 7 points from generating the final confirmation that the 7 YCL is complete. A higher high above the November top at 2116 will seal it.
Nice call in oil Gary check out ATW ON A RIP my largest holding to date will be a 100 bagger at 15
Don,
Now you see why you need to hold for more than a day.
What a nice move in the ES…..
A perfect example of why I don’t short, and I certainly wouldn’t short the stock market. Depending on how leveraged Surf is today could be costing him a pretty penny.
Shorting just isn’t worth it for the average retail investor. Over the long haul I dare say maybe 1% might make some long term gains. Everyone else just ends up whittling away at their account.
Gary, How do you think about GOLD condition depend on today’s price action?
I’ll go over it in tonight’s report.
I think today’s action in gold was disappointing (no follow through). Now digesting the Yellen-speak from today.