I'm adding a little to SPY today. I'm tired of waiting for the mysterious Mr. Pullback Breather to show up. He is usually late but he is really late this time. Maybe he died? I think he's in a long hibernation and the bears can't even wake his ass up. S&P 500 Index ETF (SPY) daily I will be adding to almost all open positions over the next month or two...probably. As I do, I will notify you the day before I add. By the way, I always make my trades between 9am and 10:30am … [Read more...]
Our portfolio keeps grinding higher
All open positions continue to grind higher with some making new all time highs. HOLD. I like our current exposure and diversification. You will notice only two out of fourteen open positions are individual stocks with the rest in ETF's. I prefer ETF's over individual stocks at this time considering the US market is a bit frothy. Frothy can last for a long time though. Frothy is a technical term by the way. :) I would prefer to wait for a pullback before loading up on individual stocks. … [Read more...]
Crypto Currencies
I don't know enough about Bitcoin or all the other digital currencies to render an opinion. I do think I will buy a small amount soon. I will let you know. I keep reading stuff about it but I'm still confused. So, I just keep reading. Here's a short read that I found interesting enough to share... https://pensionpartners.com/the-evolution-of-money/ My thoughts and prayers are with everyone in IRMA's path. Don … [Read more...]
Is Facebook due for a correction?
A premium member noticed social media, specifically Facebook enjoying some nice profits lately and wondered if it was due for a correction. Here's my response: FB has just ripped higher from my recommendation early this year; see green arrow. All of the lines on the chart (below) represent support zones. When a support zone gets violated the probability of further declines is high. So, when looking at the chart you can actually see your risk at these support zones. Facebook, Inc (FB) … [Read more...]
Don’t Try and Beat the Tape on News
Worldwide equity indexes continue to rise in spite of what some people think. Continue to hold. Interest rates have been falling all of 2017. Remember, the "experts" said interest would start rising early this year. Continue to hold TLT. The $US has been falling all year as well. Probably a reversion to the mean going on here. Not sure. Most likely going lower. I usually don't trade UUP but I follow the price action. Gold has been rising all year. I'm not interested yet. Energy has been … [Read more...]
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