Life has intervened of late however I felt I would post my random thoughts viewing my port yesterday:
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Russia is still working. RSX at it’s 100d today. I will add more if it comes back to the 50d http://screencast.com/t/Eh88iqLP Long hold, definitely. Throw it in a drawer and forget about it.
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Buffet lowered his XOM stake and bought DE. DE Monthly sure looks like its coiled up for something. Buffet obviously thinks new all time highs http://screencast.com/t/rlyFa0yzLeb DE earnings this Friday bmo. I'd be long common and get put protection. Buy or add on any selloff. Daily view, bouncing off that 50% fib (to me) equals good chance it wants to challenge/break the high http://screencast.com/t/oEgnCfo0SJg
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I still like the consumer stapes sector here. XLP or one of its components. They come into seasonal demand next month thru Summer. I'm already long PEP and KMB as mentioned here previously in Chat. For a list of XLP components, visit http://etfinvestmentoutlook.com/etf_holdings.php?s=XLP
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Gold/silver I’m still short GLD and will stay there as long as equities are still in an uptrend and we have no inflation (much less seasonal demand). The trend is your friend until it’s not. Lots of GLD puts purchased today although it’s near term oversold. Some are looking for the bear market in precious metals to end here. I am not one of them.
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3D still radio active as far as I’m concerned. Air still coming out of that momo area. I remain short SSYS and see no reason to cover.
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Covered my remaining YY short yesterday as Benzinga pointed out their “alleged” 5 years growth predictions. Just don’t have time to babysit that one.
- I still do not believe that crude oil has bottomed yet. I'm still staying away from oil and gas names and have discussed "why" in previous posts.
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GannGlobal is out with video #9 in a long series of what they feel will be major moves They cover bonds, stocks and commodities. Feel free to check them out https://mail.aol.com/webmail-std/en-us/suite#
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