When to sell your gold?
June 3rd, 2011 richkWe have published interesting artcicle about gold. Feel free to read it. We will be pleased to hear your comments, too.
Read it on FT Tilt
We have published interesting artcicle about gold. Feel free to read it. We will be pleased to hear your comments, too.
Read it on FT Tilt
I just published latest issue of my free investment newsletter. It includes my latest thoughts about markets and some stocks & ETF tips and ideas.
You can subscribe to this email newsletter on this page where you can find also archive. Latest issue is available online too.
10Y T-Note interest rate is now in bullish chart pattern. If it will break up then we can see move in the yield much higher. This is good tradable global macro theme.
As noted here China has problem with its price levels. They are not good and trained to fight inflation. They know how to boost growth trough providing cheap money and using low exchange rate. But how they will act in this situation? It looks that they are not doing correct things yet. It will affect world economy a lot. I am going to trade several ideas based on this in our fund.
I have now bullish opinion about US stocks. I mentioned some reasons for my bullishness during interview for Bloomberg news.
I like several individual names and sectors as well. I am watching them for possible trade in my Macro fund . Some of them are also mentioned in our Global Macro newsletter
Current yields on bonds are very low. Therefore a lot of investors are looking for options which can offer bigger income. Some of them are dividend stocks or dividend ETFs. I have tried to summarize some ideas about best dividend stocks on my web site.
We are stalking several dividend stocks and dividend ETFs in my fund. These strategies are described in our Global Macro newsletter.
DBC, Commodity ETF, is now in defined range with bearish bias prevailing. I like most commodity ETF stocks for possible short trade. Only one – agricultural commodity ETF – is bullish for me. Technical analysis now agree with my Global Macro opinion about commodities.
I wrote into my commentary for today’s ETF & Stock Trading newsletter :
“There is shortened trading week. Tomorrow is no trading in USA. But situation is still very bullish. Stock markets do not want to make any pullback. Such healthy pullback should offer good opportunities for new long trades.
I do not feel comfortable with opening new longs now.
Still the situation is not good for new shorts. Stock market bias is pushing weak stocks higher. It means that stop loss orders are easily triggered. I am now ready to open short trades with smaller size preferably.”
So I have found that E is relatively weak stock . I have trade setup for short trade in this stock
SP500 index lost all gains from previous 5 weeks during last selloff . It is not bullish sign. Some correction is in front of us. Index can easily drop to 1000 pt level. It is time to be cautions and think also about short sell trades.
Stock market rally from last days is accompanied by very low volume levels. As you may know, volume is important indicator for me. And so I do not know now if stock market will make new breakout again.