Indications are that post-Brexit-vote bottom in the stock market is not yet in, but plenty of attractive opportunities are developing that may turn out to be a bonanza for astute long-term investors willing to patiently scale into them. Let’s start with two charts. The first chart is a tick chart
This post was just published on ZYX Short Change Alert. Oil has fallen to $46.42 as of this writing. USO is at $11.11. Consider reducing or taking partial profits on a 15% tranche in the zone of $1o.82 to $11.13 in USO. Consider continuing to hold the remaining position. We still
We started today with a huge pile of cash plus large hedges and a long list of stocks and ETFs to potentially buy on weakness. As my long-time readers know, our adaptive algorithms turned very bullish in February 2009 and mostly stayed bullish until October 2015. Since then, we
Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the
This post was just published on ZYX Buy Change Alert. KBH is a major home builder. The company reported better than expected earnings. Of special note is the 47% short interest in the stock. High short interest can lead to short squeezes. Consider initiating or adding on a pull back up
This post was just published on ZYX Short Change Alert. EIA data was released at 10:30 am ET. Oil inventories fell by 0.91 million vs. consensus of 1.9 million. Gasoline inventories had a build of 0.63 million vs. consensus of draw of 1 million. Distillate inventories had a build of 0.15 million
This post was just published on ZYX Buy Change Alert. Britain will vote on Brexit on June 23rd. If the vote is to ‘leave’, many analysts are expecting certain stocks in Europe to fall 20%. Some of these stocks with good balance sheets and good prospects are already trading at 20
Weekly Digest from The Arora Report is popular among serious investors and money managers because they have found studying insights from the prior week gives them an edge over the coming weeks. Here is the day by day rundown from the morning capsules made available every morning before the
Traditional technical analysis would say the S&P 500, represented here by the SPDR S&P 500 ETF Trust SPY, has failed again near new highs. Gold, on the other hand, represented by the SPDR Gold Trust GLD, is breaking out to the upside. Therefore, it is a no brainer to sell
On June 23rd, Britain will vote on a referendum to remain or leave the European Union (EU). The referendum is known as Brexit. If Britain votes to leave the EU, gold has potential to jump about $120 in one or two days. It is understandable that the first reaction of