JJC is an ETF that tracks the performance of copper...and I have been looking for such a vehicle. To me, the dollar may strengthen in the short term, but in the longer term "stuff" and stuff stocks, ETF's are going to be a good play.
I notice Fool found PTM, the platinum ETF
Could they add JJC? I'd like to buy on a pullback to near 20
If I would just stick to what I see, I would make money, as I blogged in the last leg down that there would be a rally, starting with short covering, then more short covering, then anxiety filled longs who regretted getting out, then the public, who will be made to fee they must "get in". [more]
This rally must be respected.....but I shorted PNRA, CTAS and AZO.
The first 2 are technically overbought. I think this market is overbought. But hey, the chearleaders are in full swing....we bring in the suckers and then they get hammered.
Trading pretty far away from the 50 and 200 ema. 52 wek high today. I red thumbed this at 100 because of their debt model, in which they issue debt to buy back shares, and their rating is not the best. I reshorted at 165 today. But I must say, the irrationality of optimism is a force I will only fight with small capital. I learned that lesson with FSLR a year or so ago.
CAPS rules stick you with your picks for 7 days, and shorts/ultras like SRS can kill you. [more]
Goodvibe has used some TA to pick some trends, and has done a nice job of it. But in the longer run, the question remains, have we seen the bottom? [more]
Suddenly CNBC has all the bulls out....the bears nowhere to be found. We've had a huge move. I pared back into weakness yesterday, and got burned shorting some.....then pared back more into strength today. [more]
I am learning the ways of the media. We lament about a 165 million in bonuses, which they all kew about because it was in the filings. So why the big fuss? [more]
Given how much we rallied, I had meant to sell off at yesterdays close and pare positions back. This morning, my computer at work locked and I couldn't see streaming data, but with the market down ahead of the Fed, i figured it was a "sell the news", so I cut my longs by 30% and added GS as a short hedge against HYG..thus I sold into weakness unable to see charts to see what was going on. [more]
History has taught me not to fight the countertrend rally, rather to let it wane. I've carried a few small short positions, rarely taking them home overnight. [more]
WWVY, unratable at CAPS, a small phone utility. 9% dividend. They just raised it. The chart looks good. I'd like it under 9.00
PNY, a regional nat gas company. 4% plus dividend. This chart looks good also. I'd like it at 21.
Just thought I'd throw out a couple bones for anyone who may read this.
I add and close pics on CAPS not for score, but to match my moves. Sometimes I forget to close pics, and sometimes I am late in posting them. I once even accidentally red thumbed SU at 15 when I bought nit long. Sometimes I bail on a position because the trade looks too risky. [more]
Clue # 1 Long term retail investors are cashing out of their mutual funds. I've seen several this week. And some patient olt timers are walking in asking to buy the bank stock of the employer I work for (nameless). [more]
There continues to be talk about temporarily suspending mark to market rules, the details of which go beyond the scope of something I would liketo blog. [more]
I've been keeping shorts on a tight leash, been out of SRS for a few days except for a quick trade of a small position. Still holding SH but cut back. [more]
Several LTBH clients who have expressed dismay in the last several months....and in the last few days a number of them have cashed their chips in. That is often the sign of at least an interim bottom. [more]
As a bear, I am down just as much as the bulls, living in constant fear of squeezes and government actions. Smaller positions helps...but being short is nervewracking. I look at this market in that any profits on the shortside are permanent, because prices will eventually recover on the long side. [more]