Back In Again On Monday

This a has been a good week and a busy week, and it looks like I will once again be going back into the market

I expected last week to be a down week and exactly the opposite happened. On Wednesday the little mini rally led IBD to change their market outlook to “ Market In Confirmed Uptrend”

In advance of this I picked up more GLD , took a couple of positions in silver with SLW , a Canadian silver company and in  AGQ a 2X leverage silver ETF.  I also moved into the 3X levered financial inverse FAZ . After Wednesday I thought I had chosen and timed this poorly, however all but FAZ ended up nicely for the week.

 I’m sure glad I did not go short, but that may happen in the near future, at least folks with greater forward vision seem to think so.

What did I see in the weekend review?

As mentioned earlier IBD’s Market Current Outlook shows “Market Resumes Uptrend” 

My interpretation of the Copernicus Systems is to be long...so I will with an initial position into RSU ,  a leverage version of the S & P 500

Biotech continues to looks good. I will pick up both IBB and BIIB on Monday morning

My "Stocks for a Trade" now consists of:

(Gains shown are the total since purchase)

 SLW .45%

ETF's for a trade are:

USO 9.57 %

GLD 4.58%

GLD second purchase 1.05%

AGQ 15.91%, WOW, this in just a few days…. normally I would sell at this gain, but since I would buy again I will reset and consider the gain to be .91% for simplicity..... I should point out this can fall just as fast, perhaps even faster

FAZ –2.59% with the change in market trend, this will have to go on Monday

Normal ETF's:

Oil and energy continue to be good to hold

 OIH 25.43% up

 XLE. 16.01% up

Have a great week!

Is It Time To Short The Market?

On Monday I did follow through with the planned selling mentioned last week.

I was little concerned that this was premature and it may still prove to be so, but on Tuesday Investors Business Daily seemed to confirm this change in direction with a change of their market outlook to “ Market Under Pressure”

So is it time for me to short the market?

What did I see in the weekend review?

As mentioned earlier IBD’s Market Current Outlook shows “ Market Under Pressure”

Copernicus has a somewhat mixed signal, but my interpretation is it pointing to be long in the market.

Therefore, it is not time for me to short…..yet.

It may soon be time to add gold with more GLD and take a position in silver with SLW , an interesting Canadian company,  or  AGQ a 2X leverage ETF and get ready to short the market with SH  and perhaps consider shorting financials with the 3X levered financial inverse FAZ

On the plus side Biotech still seems interesting as does Brazil, Mexico and Latin America in general, but let’s see how next week pans out first

My "Stocks for a Trade" now consists of:

None..nada

ETF's for a trade are:

(Gains shown are the total since purchase)

USO  7.58 % down a little this week

GLD 3.37% may add 

Normal ETF's:

 OIH 21.33%

 XLE. 13.38%

Have a great week!

Well I did not “Sail” for long, also Coulda, Shoulda, Woulda

Last week I indicated I was Setting Sail, but keeping the lifeboat in sight. This this week... now where is that lifeboat?

With an observation from Copernicus pointing out that their Money Flow Calculation is not supporting the recent new price highs and how this points to a possible reversal of the trend, I will be selling some Stocks, ETF’s and some Mutual funds…not everything and none of the Dividend Stocks, but definitely getting into the lifeboat of cash.

I sure don’t know how this will play out or when, but sometimes cash is a very comfortable thing, even if it means missing some gains. Also the market just is not “feeling” right…just a feeling

Speaking of missing some gains, in cleaning up some old watch lists I looked at one I had named Distressed Buys…well I did not buy any of them, but all have gained big, one very big.

I have not taken the time to see exactly when I created this list but likely around 2 years ago. Here is what I saw:

WNC up an astounding 754%

F up a staggering 449%

AA up 162 %

PCAR up 103%

Well, I obviously should have taken a little flyer on this group. I linked up the 2-year chart, so take a look at a few, if you did not

What did I see in the weekend review?

1. IBD’s Market Current Outlook  still shows  “ Confirmed Uptrend”

2. Copernicus says a lot of things but the observation of money flows trumps the others in my mind

My "Stocks for a Trade" now consists of:

(Gains shown are the total since purchase)

KLAC  -4.75 % will sell

CMG   8.78% will sell.

EMC  5.75% will sell

AAPL   5.70% will sell

ETF's for a trade are:

USO  11.12 % will hold, but who know were the price of oil will go

GLD 2.38% may add 

IBB 4.92 % will sell

For Normal ETF's:

I still have both OIH and XLE. (oil related ETF's ) and  XLF but will sell XLF. I recently bought RSU, will sell it as well

Have a great week!

Setting Sail!….but keeping those lifeboats in sight and ready

Since the market now looks promising and in an upward trend I re-entered with RSU which is a 2X leveraged version of the S &P 500. I will add SPY on Monday, which simply is the S & P 500.

I did get my Dividend Stocks updated and may write more about those in the future. Since I review those differently I won’t regularly write about them

What did I see in the weekend review?

1. IBD’s Market Current Outlook switched this week to  “ Confirmed Uptrend”, I was very glad to see this.

2. My interpretation of the Copernicus System continues to be long in the Market.

3. For stocks of interest I was attracted to BIDU, DRIV, INSP, T, BIIB, CPWR and GILD

But, the "Stocks for a Trade" bucket is pretty full so I will need to wait until some of those sell and I hope to be able to let the rules sell those... in spite of 3 out of 4 dropping for the week....Ouch! I hope they don't exit out the bottom of their boxes, but that is possible

My "Stocks for a Trade" now consists of:

(Gains shown are the total since purchase)

KLAC 1.63%, dropped a little for the week

CMG   10.89%, an nice pop for the week, another week like this and this will get sold .

EMC  7.62%, dropped a little for the week

AAPL   8.69%, also dropped a little for the week

ETF's for a trade are:

USO  6.25% up again .

GLD down –.68 %, still soft 

IBB 3.57 % I did pick up this Biotech ETF this week with a nice start

For Normal ETF's, I still have both OIH and XLE. (oil related ETF's ) and  XLF

Have a great week!