Investors....come in please!
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Originally Posted By: Drew99GT
http://blog.kimblechartingsolutions.com/...rent-this-time/
Did you get his game plan? PM if you like.
http://blog.kimblechartingsolutions.com/...rent-this-time/
Did you get his game plan? PM if you like.
I'm a premium member.
He along with Doug Short have the 2 best investment blogs on the internet IMO. Well, Cullen Roche is right there with them.
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I'm thinking about buying a subscription to McClellan as well; I can't get enough charts.
http://www.mcoscillator.com/learning_center/weekly_chart/
http://www.mcoscillator.com/learning_center/weekly_chart/
What a market.
If it breaks out, I may have to get in more for the ride. Fidelity thinks the Dow could go lots higher.
"Dave Keller, managing director of technical research at Fidelity, and president of the Market Technicians Association, thinks the momentum behind stocks could continue in the long-run, but there are risks. "In my view, many stocks appear overbought, especially in leading sectors—like health care and financials," Keller says. "This suggests to me that a short-term correction is possible."
However, he thinks that bullish technicals could underpin the market for the foreseeable future. "One tenet of Dow Theory states that an uptrend is a series of higher highs and higher lows, and as long as the index remains above its November 2012 low of 12,471, the uptrend could be intact," Keller points out.
A number of fundamental forces support the theory that stocks can continue to rally. The Federal Reserve has suggested it has no immediate plans to pull back from the $85 billion per month in asset purchases which has supported stocks to a great extent. Additionally, the U.S. housing and manufacturing segments have shown significant improvements over the past year, and booming U.S. oil and gas productivity could be in the early stages of an energy renaissance.
Keller is even more positive about the market’s long-term prospects. "The Dow could continue above 17,000, in my opinion, based on two different approaches. First, the index formed an inverted complex head and shoulders pattern, using the October 2011 low as the 'head' of the pattern. Measuring the distance between the head and the 'neckline', or a trend line connecting the interim tops, projects a high around 17,300," Keller says. "Second, if you apply a Fibonacci analysis1 using the 2007 high and the 2009 low, you can project a 38.2% extension, up to around 17,150."
Thoughts??
If it breaks out, I may have to get in more for the ride. Fidelity thinks the Dow could go lots higher.
"Dave Keller, managing director of technical research at Fidelity, and president of the Market Technicians Association, thinks the momentum behind stocks could continue in the long-run, but there are risks. "In my view, many stocks appear overbought, especially in leading sectors—like health care and financials," Keller says. "This suggests to me that a short-term correction is possible."
However, he thinks that bullish technicals could underpin the market for the foreseeable future. "One tenet of Dow Theory states that an uptrend is a series of higher highs and higher lows, and as long as the index remains above its November 2012 low of 12,471, the uptrend could be intact," Keller points out.
A number of fundamental forces support the theory that stocks can continue to rally. The Federal Reserve has suggested it has no immediate plans to pull back from the $85 billion per month in asset purchases which has supported stocks to a great extent. Additionally, the U.S. housing and manufacturing segments have shown significant improvements over the past year, and booming U.S. oil and gas productivity could be in the early stages of an energy renaissance.
Keller is even more positive about the market’s long-term prospects. "The Dow could continue above 17,000, in my opinion, based on two different approaches. First, the index formed an inverted complex head and shoulders pattern, using the October 2011 low as the 'head' of the pattern. Measuring the distance between the head and the 'neckline', or a trend line connecting the interim tops, projects a high around 17,300," Keller says. "Second, if you apply a Fibonacci analysis1 using the 2007 high and the 2009 low, you can project a 38.2% extension, up to around 17,150."
Thoughts??
Here's the line in the sand as I see it. It's literally do or die time for bonds vs stocks.
http://charts.stocktwits.net/production/original_12756117.png?1364398340
http://charts.stocktwits.net/production/original_12756117.png?1364398340
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Originally Posted By: Drew99GT
Here's the line in the sand as I see it. It's literally do or die time for bonds vs stocks.
http://charts.stocktwits.net/production/original_12756117.png?1364398340
Well, I just sold a bunch of Bond Funds, so they'll go up of course.
I have today & tomorrow off work, so may do a bunch of trading today...
Here's the line in the sand as I see it. It's literally do or die time for bonds vs stocks.
http://charts.stocktwits.net/production/original_12756117.png?1364398340
Well, I just sold a bunch of Bond Funds, so they'll go up of course.
I have today & tomorrow off work, so may do a bunch of trading today...
Originally Posted By: Turk
Originally Posted By: Drew99GT
Here's the line in the sand as I see it. It's literally do or die time for bonds vs stocks.
http://charts.stocktwits.net/production/original_12756117.png?1364398340
Well, I just sold a bunch of Bond Funds, so they'll go up of course.
I have today & tomorrow off work, so may do a bunch of trading today...
The bond market has been whipsawing back and forth like crazy thanks to Bernanke. Rates were just about to take off and bust through all resistance and then they cratered when stocks started this last consolidation. It's had to deal with bonds when rates are this low because prices whipsaw back and forth so much with small changes in rates, but it makes long treasuries a good trade when stocks start correcting.
I don't care what anyone says; the relationship between bonds and stocks is now almost a perfect inverse correlation and the only thing I can conclude is, Bernanke is trying to get rates on treasuries to finally start rising. ie, forcing people out of stocks and into bonds, but when stocks have a correction and people flood back into bonds, the supply is less and it seems to drive rates lower.
http://charts.stocktwits.net/production/original_12754568.png?1364395488
Originally Posted By: Drew99GT
Here's the line in the sand as I see it. It's literally do or die time for bonds vs stocks.
http://charts.stocktwits.net/production/original_12756117.png?1364398340
Well, I just sold a bunch of Bond Funds, so they'll go up of course.
I have today & tomorrow off work, so may do a bunch of trading today...
The bond market has been whipsawing back and forth like crazy thanks to Bernanke. Rates were just about to take off and bust through all resistance and then they cratered when stocks started this last consolidation. It's had to deal with bonds when rates are this low because prices whipsaw back and forth so much with small changes in rates, but it makes long treasuries a good trade when stocks start correcting.
I don't care what anyone says; the relationship between bonds and stocks is now almost a perfect inverse correlation and the only thing I can conclude is, Bernanke is trying to get rates on treasuries to finally start rising. ie, forcing people out of stocks and into bonds, but when stocks have a correction and people flood back into bonds, the supply is less and it seems to drive rates lower.
http://charts.stocktwits.net/production/original_12754568.png?1364395488
oops, in my above post, I meant Bernanke is trying to force people out of bonds and into stocks with QE.
Metals are just taking a beating. Charts don't look good either.
I'm 80% cash. Dang.
I'm 80% cash. Dang.
As of today, I'm:
27% Stock
37% Bonds
30% Cash
Individual:
Cash
AGNC
ARR
COP
CRVW
FNMIX
GTMM
INTC
LNCO
NYMT
O
OAKBX
PGH
THOPX
Roth:
Cash
LMT
SCPZF
THOPX
Rollover:
Cash
AGNC
ARR
FNMIX
FTBFX
GLD
MINT
NYMT
O
PONDX
PRPFX
SGOL
SNGVX
SPHIX
THOPX
TIP
27% Stock
37% Bonds
30% Cash
Individual:
Cash
AGNC
ARR
COP
CRVW
FNMIX
GTMM
INTC
LNCO
NYMT
O
OAKBX
PGH
THOPX
Roth:
Cash
LMT
SCPZF
THOPX
Rollover:
Cash
AGNC
ARR
FNMIX
FTBFX
GLD
MINT
NYMT
O
PONDX
PRPFX
SGOL
SNGVX
SPHIX
THOPX
TIP
Originally Posted By: Pablo
Metals are just taking a beating. Charts don't look good either.
I'm still hanging on to UGL; I have a fairly wide stop. Both gold and silver are at the base of the big triangles and at the bottom of 10 year channels; if they break to the downside here, not good...
My TLT position finally perked up. The great rotation theory is complete bull [censored]. They tried to get bonds to sell off and couldn't, and as more bond vigilantes cover their shorts, it just drives prices higher and rates lower.
Metals are just taking a beating. Charts don't look good either.
I'm still hanging on to UGL; I have a fairly wide stop. Both gold and silver are at the base of the big triangles and at the bottom of 10 year channels; if they break to the downside here, not good...
My TLT position finally perked up. The great rotation theory is complete bull [censored]. They tried to get bonds to sell off and couldn't, and as more bond vigilantes cover their shorts, it just drives prices higher and rates lower.
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