ByglancingthroughGold/Silver,IwouldsaythatthebestmonthsforGold/Silveriscoming.Inlast10yrs,mostgainforGoldcameinAug-Sepperiod.Lookslikethattherewillbenodifferencethisyear.Silverisbuildingasimilarbase,breaking$39willquicklybringitto$44level.Ihopeyouusedthisweaknessinsummertoaccumulatemorephysicals.
RegardlesstheoutcomeofDebtceiling,onethingwillnotchange:Globaldebtproblemandnegativeinterestrate.D...[
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Fromrecentdata,itlookslikeUSisheadingintostagflation?Therewillbenogrowthbutstillhighcommodityprices.Ourportfolioshouldbeadjustedaccordingly:thereshouldbemuchlesshighrisk/highP/Egrowthstocksinit.Ownmorecommodities(oil/food),onlyownstockswithhigh/safedividendthatnotrelyoneconomygrowth(forexample:healthcareandtobacco),ownT-billandTIP,ownGold/Silver.Stocksthatarerisky,noearning,highdebts,relyongovernm...[
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XLFisclosetosupportlevel.FED'sannouncementtodaymayputabottominfinancials
Techsdon'tlookgood.ButQQQisclosetosupportlevelalso.However,StocklikeAAPL/IBM,etc.looksverybadatthispoint.
EUOshouldcontinuetomoveup,sobearishoncommodityrelatedshares
Ingeneral,marketbiasisstilldownbutseeingsomehope.Wemayseebottomingprocessinfinancialstocks.GS/JPMlookstryingtofindafootingandhavesomereboundfromthisl...[
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Marketralliedtodayhoweverstilllotsofsellingneartheclose.Volumeisstilllow.Notsoimpressive.
Markthisasfirstattemptrally.In4-7days,lookingforaconfirmrallytomarkmarketasinrallymode(IBDmethodology).Ifwegottheconfirmation,thenstarttobuystocks.
AAPLisnotuptoday.Actually,growthstocksarenotupmuch.Butdefensivestocksareupbigtoday.Soevenpeoplegetbackin,theyliketobemoredefensive,lessrisk.
US$isupal...[
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1300wasbroken.Projecteddownsideis1250-1260(200MA).Marketisoversold.Butprepareforanotherdipinnextfewdays.Thenweprobablyshouldlookforreversals(reliefrally).Today'sshort:NFLX.WecancomfortablesaythatNFLXreachedneartermtop.Downsidetargetisbetween$245-250.US$couldreboundinnextfewdays,weshouldexpectcommodityrelatedsharestohaveanotherdipfromcurrentlevel.AlsoexpectTechstohaveanotherdiptoo.Iwouldliketo...[
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Marketlostentirelastweek'sgaintoday.Alleconomydataaroundtheglobeareverydisappointing.Mostmytrailingstopsweretakenouttoday.Shortpositionsarerunningintobiggains.Toughmarket.Getusedtorunalong/shortportfolio.[
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Therearesomegoodnewsandbadnews.Goodnews:weareofftheneartermdowntrend.Itmakesitmorelikeabullflagwhichispositive.Badnews:weareattheneckagainandvolumeisstilllowontoday'srally.Themostannoyingthing:werallyonweak$again,sameoldold...ItalsohappensonthelastdayofMay.Aswenoticebefore,whenAAIIbullishsentimentislessthan30%,arallyusuallyfollowsoon.Thistimeisnodifferent.Accordingtopreviousexperience,theresh...[
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Marketfoundsomesupporteventhoughwehadmanybadnewstwodaysinarow.Thisisratherbullish.
AAIIbullishsentimentislowat25%.Usuallyindicatesneartermbottominthemarket.However,weneedsomegoodnewsformarkettorally.Fornow,itisstillinashorttermdowntrend.Lotsofuncertainties.
Butinvestorsshouldstarttobuysomepositionsinheavilysoldsectorespeciallyenergysector.
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Marketissoldoffheavilyinthemorningandcouldnotrecoverintheafternoon.
ThenextsupportforS&P500is1300whichisnottoofaraway.Marketisonceagainintooversoldzone.AAIIbullishsentimentwillhitanotherlowthisweek.Inlasttwoyears,wheneverWm%RorSTOetc.TAindicatorsgetintooversoldzone(itmaydipintoheremultipletimes),andAAIIbullishsentimenthitslows,somesortofrallythatfollows.GivingthattherearemanyuncertaintyinE...[
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Marketisinreliefrallymodetodayleadingbycommodityrelatedshares.S&P'sinverseH/Sbreakoutwasfailed.Nowmarketgoesbacktoretesttheneck.Failtobreakoutagainindicatesfurtherweaknessisdowntheroad.ThetradingreferenceisS&P1318(yesterday'slow).
SilverandCrudeoilarelikelytotradeinarange.Breakeithersideoftherangeisnotlikelytoholdtoolong.Iwouldsellthisboundin2-3dayssinceUS$'sA-B-Ccounterrallydoesn'tsee...[
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