Hereisthetimetobuythosebanks.
JPMisthebest.BACmightgivethebestreturns.
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Lookslikeweareoffrunningagainafterashortbreath.
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Fromtoday'smarketreaction,itseemstomethatthismightbeastartofapullback,especiallyincommodityrelatednames.
Energystocksaresoldoffsince10:30am.Thereisnoreboundduringtheday.
Copper/AGstocksarealsoperformingpoorly.
Silverminersarelosinguptrend.Goldminersaresoldoffalsowhichmakesmypreviousthoughtinvalid(wrongidea).
AfewleadersalsoretreatssuchasCAT/AAPL/DD/DE,etc.
Smallcap/Midcapareret...[
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FromMSFT/RIMM'searningreport,itisclearlyAAPLiseatingtheirlunch.AAPLisalsomovingintocloudcomputing.
AfterpurchasedAAPLat$328(soldhalfabove$348),herecomesanotherlowrisksetup.
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Aftertoday'sFEDmeeting,weprettymuchgetthemessagethatFEDdoesn'tcareaboutUS$atthispoint.Asaresult,Goldrunup$24/oz,Silverrunup$2+inhours.Goldminersdidn'tdowellinlastfewweeks.Mybestguessisthatthatwillchangeverysoon.
Followingjuniorgoldminersareworthtoownfromthispointon.Iexpectsomemovementinthem.
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Ionlythrowtheabovecharthere.Itdoesn'tmeanmarketwillmovelikeIplanned(notuntilS&Pbreakstheneckof1340).S&PseemsforminganotherinverseH/Spatternhere.Itisondailychart,sonotasreliableasonweeklychart.Dropunder1295willmeansuchinterpretationiswrong.Almostallothermajorindexarearoundsupportlevel.TAindicatorsareinoversoldcondition.Iamnotsayingthatweareoutofwood,buthereistheplacetotakeachance(low...[
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