Smoking Securities

Half Baked High Finance

Just for the Record

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According to my NASDAQ indicator, the market is stronger than the pre-election rally.
Buying dips in sectors breaking out of bases is the way to play.

At some point I’ll make a rundown of sectors I think are hot, but gold miners are clearly the group to beat. A return to prices seen before Lehman’s closed is possible before a resumption of the bear market. Emerging commodities markets and growing countries stand to benefit in the coming rally, all at the expense of the US dollar and Treasury prices. The market still exhibits high risk, but volatility is declining and there are an increasing number of bullish stocks. Trade what you see, trade well.

Written by chucklesamadeus

December 10, 2008 at 11:19 pm

Posted in BPCOMPQ, VXN

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