December 4, 2019

This is a ripe one, set stop under the weekly low 

December 2, 2019

There’s an interesting development happening with this commodity - the US energy administration on Wednesday reported numbers that indicate that current inventories are below the 5 year average, with inventories at a 1 year low - all in front of what appears to be a series of winter storms - it’s definitely something to keep in mind as there could be an opportunity to go long UGAZ (or short DGAZ). 

Caution is needed, as this is the UGLY chart from 2015

August 31, 2019

Silver could really surprise a lot of folks. When this thing gets bullish it goes hard for months. Everytime it closes a month outside the upper Bollinger band it stays outside for several more months. $20 looks like a layup - could go even higher. 

Unlike $GOLD, $Silver hasn't even broke out of it's 2016 high. I think we can see 25 by year end.  

August 27, 2019

Markets hate this trade war and volatility is all over the map. There’s also an awful lot of uncertainty in the whole tarriff situation. However, I believe that consumers are ina strong position and that’s going to shove the markets higher. 

It has been said that bull markets don’t die on pessimism, they die on euphoria. This is far from a euphoric market, even though we are just a few short percentage points from all time highs. 

For this reason, I’m bullish, and went long the S&P with a full position today. 

April 26, 2019

Guide-downs from the leading semiconductor cos.(Intel, Samsung, TXN Xilinx, NVDA etc.)are telling us underlying (global) economy's not good. End mkts: Industrial production, communications, PCs, autos, smartphones all weak. There's a reason semi stocks typically lead stock market declines and I don’t think this is any exception.  

March 27, 2019

I use a lot of digital/online tools in my trading.

First, I use - and have a monthly ($30) pro subscription. It allows me to draw my own analysis on the charts, set price alerts, manage watch lists, and journal my thought by entering notes. There are tons of drawing and charting tools available, and it’s easy to learn the shortcut keys to save time. I’d compare that package to the TC2000 packages that are full installs of a real application - vs. TradingView where it’s all web based. The tools are far superior to Fidelity’s Active Trader Pro and it’s even better (in my opinion) to the TD AmeriTrade Think or Swim platform. 

January 22, 2019

December 19, 2018

Here's some interesting seasonality data regarding JNUG and December to February price action in the past 5 years:

Junior miners are strong, on seasonality and a flight to safety in to gold.

Here’s the returns of mid/late December year over year:

  • 2017-2018 (December to end of January (64% gain on JNUG)

  • 2016-2017 (December to end of January (227% gain on JNUG)

  • 2015-2016 (December to end of January (134% gain on JNUG)

  • 2014-2015 (December to end of January (146% gain on JNUG)

  • 2013-2014 (December to end of January (220% gain on JNUG)

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