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This is all good but what about the miners(GDX & GDX)? They are getting killed, losing all the gains since FOMC even though gold has been stable.
I think you’ve lost sight of the big picture. Nothing is wrong with the long term charts. You just aren’t getting the instant gratification you want.
Right. Miners making itsy, bitsy moves. Trder’s market. Miners recovering a bit. Would not be surprised about a profit taking event in a few days.
Is there a currency vs the dollar that you think will do well? Or just the usual like the euro, etc?
The yen looks the best.
Deutsche Bank continues today to be a drag on world’s stock markets, all by its own.
Well, Rick Ackerman on the other show stated 2 Weeks ago that at a price of 10,55 $, Deutsche Bank would be a buy, if You wanna speculate in the bounce. We are almost there. But I don’t know. Bear markets surprise to the downside.
ooh, no, I’m not gonna buy any DB. In the first place I do not have any spare cash available 🙂 but more importantly it is very, very rare that I buy dips in prices (the most recent one has been SDRL and I got stopped out of it with a small loss).
I rather dedicate my trading strategy to buying DIPS IN RISK/REWARD RATIO which, paradoxically, more often than rare, occur at … new highs or close to new highs in price.
But this is how Lady Market plays the game: a fudge of paradoxical riddles.
WB aiming for the sky !
I bought it yesterday right on time at 48.89 average.
It managed to dip below my acquisition price, though, yesterday due to Deutsche Bank’s driven noise.
Gary, I would be careful about YEN. the Japanese economy is no longer able to support a safe-haven currency.
Look at the example of CHF –> the Swiss Bank declared total war to deflation since the Swiss economy was too small and too export-dependent to host a world’s safe currency.
BOJ’s Kuroda is round the corner to take the same decision as his Swiss counterparts 2-3 years ago!!!!!!
WATCH OUT TO THIS EVENT COMING!
No way I would ever trade currencies. They are the most heavily manipulated markets on the planet.
…I so sorry I’ve missed GIMO ! 🙁
I knew it was fantastic stock (I asserted it about it here well before it took off) just like YELP, WB, BCOV, SPAR, SLP, QCOM but it would not wait for me – big boys started buying it with all hands while broad indexes were diving.
GIMO and the other such stocks I’ve mentioned ARE THE EPITOME OF BUYING DIPS IN RISK-REWARD RATIO INSTEAD OF BUYING DIPS IN DUMMIES’ PRICE.
Classic real time blood bath phase in NUGT the weak hands will bail their losing positions and the market will go to all new highs without them once again lol Iv been adding on every dip….
Treasuries will cool a bit tomorrow and the day after before resuming higher.
Yet this is not a reason for me to cover my naked short put in TLT.
WB and YELP have been beautiful today.
SPAR will shine tomorrow with a similar one-day profit – I can smell it.
BCOV will follow soon too.
QCOM is a different breed – slow and constant.
But the father of them all, the alpha stock lurking to draw the kill is SLP – to triple in one year.
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