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WEEKLY MARKET DIGEST: AMERICA’S GOLDEN BOY STUMBLES

May 12, 2012

(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers.) AMERICA’S GOLDEN BOY STUMBLES May 11, 2012 The CEO of JP Morgan, Jamie Dimon, has long been known not only as America’s golden boy, but also the most esteemed CEO in the world of banking. He had the reputation of being the best risk manager in the world. Yesterday after the market close JPM reported a sizable loss from a derivative hedge trade. Dimon calls the loss egregious and self-inflicted. Financial markets are shocked and risk

APPLE RUNNING ON TV RUMOR FROM CHINA

May 11, 2012

This post was just published on ZYX Buy Change Alert where Apple (AAPL) stock was recommended at $131 and is still being held. China News is reporting that Foxconn CEO has stated they are preparing for Apple (AAPL) TV. Both AAPL stock and NASDAQ are running on the report. What To Do Now? Those in the position may continue to hold. Those not in the position may wait for a signal on the Real Time Feed to initiate a position

TAKE PARTIAL PROFITS ON GLD

May 11, 2012

This post was just published on ZYX Short Sell Change Alert. Consider taking partial profits ob a 5% tranche on GLD right here at $154. Consider continuing to maintain the rest of the position short. Our models continue to show that gold may go lower in the medium-term. However in the short-term, gold is very oversold and it is best to book some profits in keeping with the ZYX Change Method.

JP MORGAN CEO CALLS UNEXPECTED LOSS EGREGIOUS

May 10, 2012

JP Morgan (JPM) recommendation is being withdrawn. JP Morgan reports unexpected big investment loss in the range of $800 million to $2 billion. JP Morgan’s CEO calls the loss egregious and self-inflicted. JP Morgan now sees more portfolio risk than they recently disclosed in their earnings call. This appears to be a two quarter problem. The conference call with JPM is in progress. The stock is trading at $38 down about $2.70 at the time of this writing. This information was disclosed by JP Morgan after the close. Fund flows are extremely negative. Very light Smart Money buying is taking place right

TAKE PROFITS AND EXIT VSI

May 9, 2012

This post was just published on ZYX Short Sell Change Alert. Consider taking profits and exiting the trade right here at $53.02. Another massive short squeeze seems to be underway.

STAY SHORT ON GOLD (GLD) AND SILVER (SLV)

May 8, 2012

This post was just published on ZYX Short Sell Change Alert. Gold just broke $1600 support and is now at $1596 as of this writing. Both gold and silver are very oversold in the very short-term. A bounce can happen any time. Next support is $1565 to $1575 on gold, and $29 on silver. Silver is at $29.16 as of this writing. What To Do Now? Those short GLD may continue to hold short. Those holding more than the recommended quantity may take partial profits right here. Those not short gold may wait for a signal on the Real Time Feed.