Investors....come in please!

[friendly_jacek]

Originally Posted By: friendly_jacek
Took profit in DGAZ. Over 30% in 3 days. Looking to reload later on a dip.


Went in DGAZ again under 4. The coming warmer weather and power companies firing coal again should do a number on nat gas.

 

[rw19]

That is a technical breakout. But Breakouts dont mean much on such a heavily manipulated commodity.

 

[Drew99GT]

Originally Posted By: rw19
That is a technical breakout. But Breakouts don't mean much on such a heavily manipulated commodity.


How is it manipulated??? No conspiracies about the US government and JP Morgon dumping paper gold to suppress the price because I've read it all and researched it and I can't find a shred of credible evidence other than innuendo from gold and silver retailers.

If the price has broken out and a new uptrend is taking place, that's all that matters (if you want to buy low and sell high with risk management in mind), even though there's still a ton of resistance for gold and silver prices and miners to break through to sustain a new rally.

 

[rw19]

Drew, I am a CFA and I can tell you if you do enough digging you will find manipulation. I am too lazy to type it all out but look at GLD and compare paper gold vs physical gold and get back to me on this thread.

 

[JHZR2]

Originally Posted By: rw19
That is a technical breakout. But Breakouts dont mean much on such a heavily manipulated commodity.


Exactly. And with so many producers needing HIGHER than current spot prices to make it, Im not seeing a good situation here. Lots of speculation around Chinese new year and Indian demand and such, but that may not be long-lasting.

 

[Drew99GT]

Originally Posted By: rw19
Drew, I am a CFA and I can tell you if you do enough digging you will find manipulation. I am too lazy to type it all out but look at GLD and compare paper gold vs physical gold and get back to me on this thread.


The charts are identical; shall I post them??? You're a CFA so you should know that futures and options are legal contracts to deliver the physical product, therefore the prices of contracts vs the spot price are essentially the same except for the normal variances in futures for things like cost of carry etc. Futures, options, and spot are all the same market. Look at the charts! The chart of spot gold and silver is roughly identical to that of GLD, SLV, and the futures contracts.

 

[Turk]

Anyone else get in on EGHT?? it's up 7% today.

 

[JHZR2]

Nope... Any other good leads?

 

[rw19]

JHZR2 if you are a metals man check out excelsior mining MIN.V in canada and EXMGF on the otc i suggest u buy the cdn listing as it has more volume.

 

[Turk]

Originally Posted By: JHZR2
Nope... Any other good leads?


I wish...

Well, NYMT has been fantastic + a huge Dividend. Outlook is very Bullish.

 

[Turk]

This Stock Market is REALLY blowing my mind.

Things aren't THAT good in the Economy...

Yet, it keeps going up.


Last year, I bet I lost out on over $1xx,xxx of gains I SHOULD have had because it looks like smoke-&-mirrors and I did not want to go WAY in and get my rear handed to me!!

Now, I'm trying to get in with more, but again, I don't want to dive in and get

Uh.

What to do?? Get in more & watch it closely, I guess, correct?

 

[Pablo]

Never ever let your political views get in the way a herd mentality.

And there is this:

http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11

 

[Turk]

Originally Posted By: Pablo


And there is this:

http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11


Yep, I posted that to my FB investor friends. That's wild, just gotta be prepared:

http://ciovaccocapital.com/wordpress/ind...parallel-chart/

 

[Drew99GT]

Originally Posted By: Pablo
Never ever let your political views get in the way a herd mentality.

And there is this:

http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11


Oh lord...

http://www.businessinsider.com/1929-stock-market-crash-chart-is-garbage-2014-2

http://www.businessinsider.com/andrew-wilkinson-debunks-chart-2013-11

Doug Kass and Tom Demark have been 100% dead wrong on this market for 5 years; Doug Kass said stocks would peak the 1st week of 2013. Oops... Demark indicators haven't worked at all in 2013.

Stocks are going higher; there's no sign of an impending long term top; no divergence in the advance decline, no divergence in long term treasuries vs stocks, no divergance in treasuries vs high yield etc. that all precede long term market tops by 6 months on average.

It's still a buy the dip market until and unless it changes.

 

[Turk]

I hope you're right Drew...

I am following http://ciovaccocapital.com/wordpress/index.php as my 1st guide.

Perhaps I have too much for me to feel comfortable to invest myself. (not bragging)

Hate paying all those fees though.

 

[Drew99GT]

I really like Ciovacco; he's nailed this market and if you learn his methodology, it makes market analysis quite easy because you have to remove all personal bias, anecdotes, media personalities, and herd mentality from your analysis and focus 100% on what markets ARE doing, not what you want them to do or what you think they're doing.

 

[Turk]

Originally Posted By: Drew99GT
I really like Ciovacco; he's nailed this market and if you learn his methodology, it makes market analysis quite easy because you have to remove all personal bias, anecdotes, media personalities, and herd mentality from your analysis and focus 100% on what markets ARE doing, not what you want them to do or what you think they're doing.


Chris nails it & keeps nailing it. GREAT binary method from lots of market conditions.

I keep his Twitter feed up most of the day & check his Blog daily.

 

[Drew99GT]

For market participants who use Friday weekly closes to analyze market momentum, today was the buy day for the indexes on this current pullback; it snapped back so quickly on this one though, that the buy signal is pretty far ahead of the bottom of the pullback. It's worked though for the last several years on pullbacks like this.

SP500 came back and retested the trendline from the 3 peaks in the second half of 2013, as did the Dow, which tested the 200 day moving average perfectly.

Russel 2000 gave up more ground but still came to with almost a penny of it's bottom trendline of it's trendchannel.

I guess it could all fall apart next week, but it seems like all this was was another little 6 to 7% correction.

 

[rw19]

I believe that the dow and most US equities have hit a TOP. Other than the mining, tech, and financial space I think we are in a bubble on everything else.
I suggest you look at companies like apple which trades at around 12x Microsoft Barrick gold, Freeport, .......
These companies are primed for growth.

 

[Turk]

Chris has a new 18 minute video out. Good stuff. Watch.

http://ciovaccocapital.com/wordpress/index.php/stock-market-us/stock-rally-looking-under-the-hood/