Short FNM. Govtsponsored Enterprises looking subpar, FRE breaking down out of a rectangle and FNM seems like a double top.
Thanks for the tip. However, I'll continue to trade the way I've been trading... while evolving and growing(my knowledge experience and capital )
I believe we'll see higher gold prices. I'll post about it in my newsletter this weekend, so my subscribers don't think I was doublecrossing them. (I made a sell signal for gold on Thursday... I dunno why, I guess it was 12 am then and I was damn tired.) EDIT: Reason: Bullish on EUR/USD, copper breakout, oil near a breakout.
Sell NYX. Double toppish. Sell Gold. Yup, I was WRONG over gold... My premises for the gold trade are falling apart and gold stocks, which usually lead spot gold, are falling and Gold&silver index looks like it will test 121 again. I did lose quite a bit of money on gold stocks(thank god not gold futures) prolly 10% total portfolio, in real life, but it's ok, my capital is still intact. Spot gold is a descending triangle waiting to breakdown.
GS. Brokerage stock, breakout of two flat bases. HD. Blue-chip breakout. JBLU I'm going to turn NEUTRAL on oil(from bearish), and airlines are strong. I believe this will be a probable bottom for JBLU. FXI. Chinese markets are very strong. Sell PCU. Downtrend trendline resistance, not too hot on commodities anymore. I like SNDK. Buy it back.
Well, I don't trade on many of the picks in this thread so reader beware. Bullish on ENG, consolidating oil stock expected to breakout. SNDK still looks great. Double bottom. Sell NTES and BOT. NTES filled gap, bearish. BOT's technical indicators are breaking down.
Turning NEUTRAL on US market. 1)entering April-Oct period 2)Utilities weakening, in downtrend channe 3)Public too complacent on interest rates, the public is usually wrong.