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It was a good day today, but I am heading out for a bit of fun (poor Mrs. Bear; she is so understanding!)
I see GS earnings came out, and there was a pop higher, and then now it's down. Should be interesting to see what it looks like in an hour or two. But at least THAT bit of business is behind us.
I'll do a post tonight. See ya!
Well, it's history now. FAZ and FAS have crossed. Can you believe just four weeks ago FAZ was a triple-digit security?
DXO testing
A few weeks ago, I speculated that B of A would head to over $10 before it was a good short. Well, it's well over $10 now, and I'm shorting it today. I know everyone is ga-ga over Goldman Sucks and knows they'll have blow-out earnings and knows they'll push the market higher. But I'm a chartist. And B of A looks like a sell to me.
I will just say here how delighted I am to have gone into USO earlier today, in spite of my energy bearishness. That has worked out well, and commodities overall seem to be shaping up for a great push higher.
I think each blogger is entitled to obsess over one currency. I know molecool is really into the Japanese Yen. For me, I aim for the exotic and obscure with the NZD/USD. My view is that this is signaling softness ahead for equities.
Thanks to all who reached out with information on Gann. I'm going to start researching this and seeing if it 'clicks' with me as much as Fibonacci did a few years ago.
