In order to succeed when trading and trend following one truly needs to believe that anything can happen. Do not fall in love with your favorite stocks. Do not let them make a round trip. Use trailing stops and lock in profits while you can. Watch this example with BABA.
“While oil prices have surged this year on the back of geopolitical concerns, the performance of energy stocks has far outpaced the underlying commodity. The deviation between energy and the price of oil is at very dangerous levels. Valuations in this sector are also grossly extended from long term norms. If oil prices break below…
On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability…
Tobacco fields. Source: Wikimedia Dear Diary, Friday was only a half-day on Wall Street. US stocks were flat. But gold traders were active – selling gold! The yellow metal lost nearly 1.8% of its value on Friday. And the big precious-metals miner stocks ETF, GDX, plummeted 8.7%. Meanwhile, Thanksgiving was a success in the Bonner household….
Earlier today, just after the market open, the one company that everyone had once again piled into, and which as of September 30 was the most popular company in the hedge fund community with at least 175 “smart money” institutional fans… Click on picture to enlarge … based on expectations that with every other stock and asset becoming increasingly…
ISM Provides A Reference Point In 2007 and 2008, the average reading of the Institute for Supply Management’s (ISM) manufacturing purchasing managers index (PMI) was 48.4; the median reading was 49.9. A PMI reading above 50 indicates that the manufacturing economy is generally expanding; below 50 it is generally contracting. How does ISM’s PMI look…
Errr, this chart is starting to get hard to ignore isn’t it? It is a gold mining sector fundamental indicator. I have no clue how the jockeys using only nominal charts (i.e. the HUI is in breakdown/crash mode, hold the bearish line) and resolutely short the miners, do it. You can’t use charts in a…
Last week showed a lesson Covered Call writing using (UVXY) as example showing how you can collect “Rent” without owing property. Mr. UVXY has seen (3) sets of “renters” in the past 30 days collected $4400 in rent from just $22,000 worth of stock …see how in the video lesson. Video Length: 00:10:43
The price of oil has finally started to obey the law. What law is that? The Law of Supply and Demand. Thanks to the US fracking boom that has done this (see chart) to US production, the supply of oil worldwide has outstripped demand since 2012. So why haven’t prices fallen before this summer? And are falling…
Despite the junior resource sector being near a major bottom and going through a bear market of epic proportions, I still believe that this may be one of the best times to add to quality positions. Nothing perfects one’s craft in the financial markets like a bear market. In a bear market one has to…
