Daily Archives: March 6, 2013

House of Cards (by phantomcapital)

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I'm going to save everyone the obvious joke about Netflix
releasing a show called House of Cards as their stock price defies gravity and
continues to float on a cloud of hopes, dreams, and Carl Icahn's influence.  But seriously, how sweet an irony it would be
if a show titled House of Cards marks the top of Netflix?  I'd have to rank it amongst one of the
funnier things to happen on Wall
St. in quite a while.  I will make my argument for shorting NFLX on
several fronts; fundamental, technical, and "seriously, its trading at
what and I can short it?!?!" common sense. 

House of Cards

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Central Banks’ Balance Sheets vs. Gold

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(Editor’s note – Gary Tanashian gives us the post below, which is timely given my newfound love of gold. Just to be clear, particularly for the miners, I am long precious metals as a bounce play; I am as bearish on miners as ever – – I don’t feel nearly as strongly about the metals themselves – – and have every intention of shorting the bejesus out of miners once they’ve bounced; however, some of the battered miners might spring 50% higher from current levels, so it pays to wait – Tim)

The noise of the day includes much hand-wringing about gold
manipulation, gold’s precarious technical situation, the end of gold as a
useful tool for protection against inflation and even the end of its
bull market.  But maybe a simple look at the facts works better.

cb.gold

Central Banks’ Balance Sheets vs. Gold. Source: DoubleLine Funds

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Commodities Set to Join the Party? (by Strawberry Blonde)

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I wrote about the Commodities Sector ratio of DBC:SPX here on January 20thDBC had been underperforming the SPX, essentially, since mid-2011 and was in a large triangle formation on the Weekly timeframe.

Since then, it has weakened further to make a lower low and has broken below triangle support, as shown below on the Weekly ratio chart of DBC:SPX. There is a slight positive divergence on the Momentum indicator, but it has not hooked up yet.

 


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Some Not Too Far-Gone

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Slope isn't exactly the go-to place for long ideas most of the time, but I wanted to at least show a little balance and offer up some bullish-looking charts. More particularly, I wanted to show some that weren't so completely over-the-top in price that they might actually still be good prices (unlike, say, Campbell's Soup – CPB – which has vaulted to heights most folks would never associated with cream of mushroom soup). Anyway, here they are:

0306-blc


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