AG after the close getting trashed after cutting
back on mining in Nevada. I am not sure why NEM largest miner is
acting so poorly but be careful in general.
Dan NILES just sold META and other TECH while going
long commodities like COPPER ALUMINUM Oil etc. Based on China
reopening. He is sure inflation will reignite and looks for
SPY 3000 later this year.
Historically, the most bullish time in March is passing at
today's close. The next two weeks are much more neutral, though I
can provide you a breakdown of this period as follows:
March 19-22: -22.82%
March 23-31: +9.94% Historical trends from Tom Bowley
JUNKIE this could fit in with your
scenario.
Nothing to write home about here, but the early part of next
week could be the most challenging, at least if history repeats
itself. The above percentages, by the way, are the annualized
returns of the S&P 500 since 1950. History isn't a guarantee,
but it does give us another clue.
BOND/COMMODITY RATIO TURNS UP... Ratio analysis is the best way
to compare two asset classes. Chart 6 shows a ratio of bond prices
(TLT) divided by commodity prices rising over the last week to the
highest level in a year. It's too soon to call that a major bottom.
But it does suggest that the tide may be turning in favor of bonds
over commodities. That's consistent with a weaker economy. And is
usually bad for stocks as well. That may help explain the recent
flight to the safety of Treasury bonds as stock and commodity
prices fell. From John Murphy yesterday. On Stockcharts
for members with more charts too. TLT$GNX is the
ratio Murphy used
Junkie still feel we may rally into end of March ?
Sentiment is certainly trying to set up. I look at QQQ:SPY
ratio at 82 so that is going to have a tough time leading much more
.
The community is delayed by three days for non registered users.
Covered GFI 11.25 a nice
Posted by rbreese on 21st of Mar 2023 at 11:41 am
Covered GFI 11.25 a nice double to left centerfield. Down from 11.85
Looks like with GOLD Weak
Posted by rbreese on 21st of Mar 2023 at 08:34 am
Looks like with GOLD Weak my GFI SHORT playing out .
AG after the close
Posted by rbreese on 20th of Mar 2023 at 05:28 pm
AG after the close getting trashed after cutting back on mining in Nevada. I am not sure why NEM largest miner is acting so poorly but be careful in general.
Added more to GFI 11.87
Posted by rbreese on 20th of Mar 2023 at 04:03 pm
Added more to GFI 11.87 short and I look at NEM AEM and GDX . GFI has an ugly dangerous candle too. Good evening.
Mark Newton just on likes
Posted by rbreese on 20th of Mar 2023 at 03:34 pm
Mark Newton just on likes OIL and his target year end for SPY 4500. I know he is Tom Lee.
Closed rest RIG short at
Posted by rbreese on 20th of Mar 2023 at 02:17 pm
Closed rest RIG short at 5.76 .
Covered half of RIG 5.77
Posted by rbreese on 20th of Mar 2023 at 12:43 pm
Covered half of RIG 5.77
Back in RIG shorted 5.89
Posted by rbreese on 20th of Mar 2023 at 12:29 pm
Back in RIG shorted 5.89 this a.m.
Some Gold minors look extended
Posted by rbreese on 20th of Mar 2023 at 11:59 am
Some Gold minors look extended shorted GFI 11.81 this a.m.
Got out of SPXS at
Posted by rbreese on 20th of Mar 2023 at 11:20 am
Got out of SPXS at 20.75 premarket while out at an appointment this a.m.
Junkie I kind of agree
Dan NILES just sold META and other TECH while going ...
Posted by rbreese on 19th of Mar 2023 at 10:37 am
Junkie I kind of agree a bit early and may have a rally into esrly MAY based on huge pessimism for stocks.
Yes my other computer did
A couple more examples of plunging breadth
Posted by rbreese on 18th of Mar 2023 at 11:01 am
Yes my other computer did not have : on it but this does.
Have you noticed QQQ SPY
A couple more examples of plunging breadth
Posted by rbreese on 18th of Mar 2023 at 10:47 am
Have you noticed QQQ SPY ratio is at extremes too? Thanks.
Dan NILES just sold META
Posted by rbreese on 18th of Mar 2023 at 10:45 am
Dan NILES just sold META and other TECH while going long commodities like COPPER ALUMINUM Oil etc. Based on China reopening. He is sure inflation will reignite and looks for SPY 3000 later this year.
I bought SPXS after listening
Posted by rbreese on 17th of Mar 2023 at 02:52 pm
I bought SPXS after listening to junkie and Tom Bowley at 20.50. Good weekend to all.
Historically, the most bullish time
Posted by rbreese on 17th of Mar 2023 at 02:39 pm
Historically, the most bullish time in March is passing at today's close. The next two weeks are much more neutral, though I can provide you a breakdown of this period as follows:
Nothing to write home about here, but the early part of next week could be the most challenging, at least if history repeats itself. The above percentages, by the way, are the annualized returns of the S&P 500 since 1950. History isn't a guarantee, but it does give us another clue.
Agreed up grind higher and
QQQ golden crossThat QQQ cross I pointed out last week ...
Posted by rbreese on 17th of Mar 2023 at 10:44 am
Agreed up grind higher and most often we have a rally into FED meeting too. Thanks.
BOND/COMMODITY RATIO TURNS UP... Ratio
Posted by rbreese on 17th of Mar 2023 at 10:43 am
BOND/COMMODITY RATIO TURNS UP... Ratio analysis is the best way to compare two asset classes. Chart 6 shows a ratio of bond prices (TLT) divided by commodity prices rising over the last week to the highest level in a year. It's too soon to call that a major bottom. But it does suggest that the tide may be turning in favor of bonds over commodities. That's consistent with a weaker economy. And is usually bad for stocks as well. That may help explain the recent flight to the safety of Treasury bonds as stock and commodity prices fell. From John Murphy yesterday. On Stockcharts for members with more charts too. TLT$GNX is the ratio Murphy used
Junkie still feel we may
QQQ golden crossThat QQQ cross I pointed out last week ...
Posted by rbreese on 17th of Mar 2023 at 10:34 am
Junkie still feel we may rally into end of March ? Sentiment is certainly trying to set up. I look at QQQ:SPY ratio at 82 so that is going to have a tough time leading much more .
UVXY puts all gone .88
Posted by rbreese on 17th of Mar 2023 at 10:11 am
UVXY puts all gone .88 as VIX and UVXY are stable and bouncing up a little