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A few things to watch this week.
Even though the dollar has had a bounce, US bonds are still under performing global ones.
India looks poised to make a run with this second Bollinger violation.
The defense sector is making a break. Guess we’re gonna need a war to end the recession.
My TRAN indicator has gone bullish, so this up move looks like the real thing.
The utilities sector has been basing for over 2 months. If energy costs remain low, this sector will have fundamentally sound legs to invest in. Sadly, without momentum, this is a dividend play.

The action in the bond market doesn’t bode well for the dollar. Foreign securities still hold an edge, but there are domestic sectors worth looking into.

Written by chucklesamadeus

December 20, 2008 at 7:19 pm



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If this market wants to rally, it sure has a strange way of showing it.
Nothing seems to be making any significant ground in the SPX.
At best, there are an increasing amount of stocks above their 50dma.
Maybe a little relative strength in the Utilities.
In a bear market you make more money shorting the strength than buying it.

I’m not seeing a massive rally in the tea leaves, and the strength in the Utilities is probably a red herring. I’d like to use my time machine, but my bitch ex-wife got it during the divorce… I think she’s fucking The Fly. Nevertheless, I predict that we’ll be hearing about credit problems in the utilities industry; they love the debt, they have a high yield, they’re too big to fail and every fucking Mom, Dad, and Shmuck-A-Fuck has been buying equity from their Schicklegrubbing brokers.

On a totally different side note, I don’t know what to think about Twitter. I tried Twitting trades today, and I have little to show for it… time will tell.

Written by chucklesamadeus

November 19, 2008 at 12:45 am


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