Thread: Bear Cave 2 (Bull Allowed)

Double bottom, but we need the break-out....


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IWM doesn't stay under the 50DMA for long, btfd

Blustar is still at it...1739 for the S&P 500 very soon he thinks. I say we shall see.

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SPX Should Rally to 1800/01 Today - Traders-Talk.com

A nice move up in gold this morning.....I'll be watching to see if it can get above the 150 DMA and hold. I missed a nice move up by going to cash.....Long gold and short stocks was the trade for the open....

Good trading.


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Another look.....

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Originally Posted by robo

Blustar is still at it...1739 for the S&P 500 very soon he thinks. I say we shall see.

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SPX Should Rally to 1800/01 Today - Traders-Talk.com

If futures are any indication he may be right again. R2k down 1% now. they have been moving quickly lower in the last hour, I am holding IWM puts

DON'T FIGHT THE FED?

Originally Posted by CrabClaw

If futures are any indication he may be right again. R2k down 1% now. they have been moving quickly lower in the last hour, I am holding IWM puts

Nice trade Brotherman!

Time to post these comments again: It's not what you don't know that hurts you, it is what you know that isn't so.

Originally Posted by nnuut

DON'T FIGHT THE FED?

More selling for now, but you are correct the Fed is not done, and I think we have a date with new highs after this sell-off is complete.

Buy the dip...I'm waiting, but that doesn't mean it's the correct move. It's all about Risk/Reward for me.....The Bulls are still in charge that's for sure!

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Doug Casey: 'Gold Stocks Are About to Create a Whole New Class of Millionaires'

ear markets always end. Has this one?
Evidence is mounting that the bottom for gold may be in. While there's still risk, there's a new air of bullishness in the industry, something we haven't seen in over two years.
An ever-growing number of industry insiders and investment analysts believe the downturn has come to a close. If that's true, it has immediate and critical implications for investors.
Doug Casey told me last week: "In my lifetime, the best time to have bought gold was 1971, at $35; it ran to over $800 by 1980. In 2001, gold was $250: in real terms even cheaper than in 1971. It ran to over $1,900 in 2011.
"It's now at $1,250. Not as cheap, in real terms, as in 1971 or 2001, but the world's financial and economic state is far more shaky.

Doug Casey: 'Gold Stocks Are About to Create a Whole New Class of Millionaires' | Jeff Clark | Safehaven.com

For folks that like to buy value indexes...and try to catch the falling machete....

From Kaplan:

This is special intraday update #1968a for Wednesday morning, January 29, 2014.


I bought EWZ at 38.99 with the next rung in my ladder using 0.10% of my net worth, which I would rate as a 7.5 on a scale of 0 through 10. EWZ is a fund of Brazilian shares; these equities have become extremely unpopular in recent months as the mainstream financial media have hyped everything negative in that country while ignoring the fact that Brazil and the rest of South America sport some of the world's highest average GDP growth rates over the past three decades and especially since 2002. Depressed prices for agricultural commodities and related assets have negatively impacted Brazil, Chile, Colombia, and other countries which rely heavily on export-driven commodity production.


Other than EWZ, there are very good buying opportunities including KOL (coal mining), BRF (Brazil small-caps), ECH (Chile), TUR (Turkey), EPHE (the Philippines), RSXJ (Russia small-caps), GXG (Colombia), and IDX (Indonesia), roughly in that order. I have raised my highest price for HDGE to 12.89. I have removed my orders for GDX, GDXJ, and SIL, because emerging markets and KOL appear to be better relative bargains for new purchases at the present time.

True Contrarian