clipped from www.financialsense.com FICTION: Though sporadic, the U.S. economy will continue to improve.? FACT: The U.S. is headed for a currency crisis. FICTION: You can count on the mainstream financial media for unbiased...
Read MoreA good friend asked me to review Dell as a long trade and I thought I’d share my opinion with all of you. The logic of the trade is sound as it’s a play on a short term bounce after the markets have suffered extreme...
Read MoreThis is interesting because PSA is short, and added to his shorts, and advises getting short while I went long right before the close. If I sold right now afterhours I’d be up almost 2%, and to be perfectly honest he...
Read MoreWhile today doesn’t scream bottom, I opted to pick up some shares of QLD near the close for the following reasons: Yesterday’s downside volume reeks of capitulation on some scale. Many positive divergences on...
Read MoreThis guy cracks me up…and he’s pretty spot on with his analysis. Mad Props. Yes..this is in the entertainment section. You know your a trader when you watch these type of YouTube videos for relaxation…
Read MoreI’m certainly not suggesting we’re going to rally tomorrow, but we are starting to get a tad oversold here. Be careful if you’re still short and I would start taking profits now if you haven’t already....
Read MoreIt’s possible we could be setting up for some type of bounce. How strong it could be remains to be seen. My indicators on all my time frames still scream bearish, but I am seeing some potential short term exhaustion by the...
Read MoreBased on some divergence this morning I opted to take profits on my remaining shorts and wait for a bounce. I felt I had the luxury of playing this trade pretty well, so even if we move lower I won’t feel...
Read MoreThe following chart is the put/call ratio minus the actual chart of the put/call. The blue line is the 10day exponential moving average and I find that it takes out a lot of the noise and is much easier to read. We were at...
Read Moreclipped from www.financialsense.com Sovereign debt is a key driver of the current economic jitters. The chart below shows next year’s sovereign debt estimates for the G-7 and other key global economies – the U.S....
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