The numbers were insane across the board. You needed to be in the leaders and on this blog you have been shown plenty. Gold and OIL exploded as the economy ‘global’, despite what the fed and naysayers think is freaking HUMMING. How about my long time favorite PHO (water ETF), up 5 percent to an …
Tagged: Oil
Two Words….TAR SAND
Not Tarzan to you Facebook kiddies, OIL. Canada has it. I know what you are thinking…One more Bush Term and it’s yours! Woooo. Not. I have schlepped through the streets of New York trying to break a $20 Canadian to explain the trend behind Canada’s strength. It’s oil and Gold. The damn Canadians have it. …
Patience…The Pause that REFRESHES
This was a long overdue selloff. But, other than crap stocks, I don’t see much damage. Sirius is back over three and that concerns me more than China. This is worthless paper and if it runs, thats my ‘froth’ tell. Oil is back over $75 and my USO, the oil ETF and dirtbag stock of …
'WinFlation'…Making Money off Inflation…THINK NORTH
‘WINflation’ is my new term for making money off inflation. All the smart people talk about it. They have no idea. BUT YOU DO. You spend money.You read. You know this war we are waging in the middle east will not stop. I am long the stock market because my WINflation play is that the …
Two New Long's – Verisign (VRSN) and Express Scripts (ESRX)
Both make sense here. Verisign is not near an all-time high, but I am breaking my rules. It will never hit all-time highs, but it is a different business now, as well and the 5 year high territory is enough for me. Express scripts is cranking to new all-time highs now and is in the …
Oil looks poised to go HIGHER
Just a feeling and I am looking at some longer term oil plays the last few days. I was reading the Chairman tonight and he was recapping one of the Barron’s weekend calls . I agree with the qoute he chose: “China is still using only 6.5 million barrels of oil per day. We are …
Canadian Dollar – a safer way to play a gold and oil rally?
Not sure, but I am bullish on the Canadian Dollar. No one in Canada believes in their own dollar. Inferiority complex I guess. I see things differently as a transplanted Canadian. Before the Candian dollar run is over, it should shoot well past what anyone believes is possible and I think past par and past …
Lot's of market action and the Sun's finlly lose to the Wolves
The Sun’s win streak is halted by the lowly Timberwolves reminding me, and hopefully you, that all trends end. Most times when you least expect and conditions are ripe for continuation. CROX keeps cooking ( I sold in the high 40’s) , hitting $53 today. The trend can go much longer than the 35 percent …
Commodities dddone?
The CRB is actually below it’s 200 day moving average. Obviously the decline in oil has had the most significant impact. The copper implosion has not helped I am not trading off this (long USO), but it is the first time in FOUR (4) years that the index has traded below this average. I consider …
Paired Trades closed and RIMM, RIMM, RIMM is on fire
It is looking to be an interesting year if the first week of trading is an indication. A few weeks ago I mentioned that the traders and fast money had taken over Apple. Now it’s the whole market. We have been due for some volatility. That’s good for traders and time to do less for …