Proven Track Record of Most Accurate Analysis
Proven Track Record
of Most Accurate Analysis
This post was just published on ZYX Short Change Alert. Consider adding a 5% tranche to SPY in the zone of $164.90 to $166. Those not in the position obviously may consider entering a larger tranche in the order of 15 to 20%. Due to high volatility, no stop for the time being. Target depends on Bernanke’s press conference which is still in progress.
(Click here to enlarge the chart) Hindsight is always 20/20. Fortunately in the world of investments, there are times when foresight can also come close to being 20/20. Ben Bernanke’s testimony before the Congress on May 22, 2013, was one of those times. In a similar fashion, the Federal Open Market Committee’s (FOMC) and Bernanke’s press conference Wednesday will simply sharpen the foresight for the clear-eyed investor. I illustrate the point with five annotated charts in the sections below. Tapering is not if but when The Federal Reserve has been buying about $85 billion of securities per month. The Fed
I receive a large number of emails from precious metal investors. These days the most often asked question is how to time backing up the truck and buying gold and silver again. Some of these investors profited handsomely from my calls to allocate 20% of assets to silver at an average price of $17.73 and exiting the position in the zone of $48 to $50. They also remember my calls to aggressively buy gold in the $600s with an average price of $660, and sell half of the gold holdings at $1904 and the other half at $1757. The problem most
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) GOLD AND SILVER SPIKE ON HEADLINE PPI NUMBER June 14, 2013 Gold and silver spiked on headline Producer Price Index (PPI). Headline PPI came at 0.5% vs. 0.1% consensus. As we have been sharing with you for a long time, other than a knee jerk reaction, it is best to focus on Core PPI. Core PPI came at 0.1% compared to 0.1% consensus. In other words, the buying on gold and silver is from
This post was just published on ZYX Short Change Alert. Adding a 10% tranche right here in the zone of $162.91 to $163.20. A tight stop on this tranche in the zone of $163.57 to $163.77. Target later. We will treat this tranche as a trade around position to the longer-term SPY position. Please see ZYX Change Method Trade Management Guidelines if you are not familiar trade around positions.
Take profits on silver short position right at $21.96 or equivalent in SLV at $20.99.
Both the stock and bond markets are becoming increasingly volatile. Going back 30 years, high volatility is common after a sustained run and subsequent to the appearance of technical patterns that indicate a reversal. This time is no different. On May 30, I wrote about how an island reversal was highlighting the risk in the market. The island reversal followed an “outside day” traced by the S&P 500 ETF Trust SPY. The chart of SPDR Dow Jones Industrial Average ETF Trust DIA shows how we have recently had over 450 DJIA points swings. Tuesday was especially volatile. As shown on the chart, the market
This post was just published on ZYX Short Change Alert. Consider shorting a 10% tranche right here around $15.20. The stock is volatile, your price may be different. Live Nation reported that it has prevailed in its arbitration against Germany-based CTS Eventim AG, and that the arbitrator ruled that the company validly terminated its ticketing software license agreement with CTS in June 2010, and therefore has no liability to CTS. The arbitration proceeding, related to the former ticketing software license agreement between the two companies, had been pending with the International Court of Arbitration of the International Chamber of Commerce since