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Bulls make crappy day less crappy


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Posted

Think positive. That's back to back days they tried to put some sort of a rally only to be meet by selling into the close. This isn't positive action. Similar to how the DOW was leading with tech and small cap lagging.

 

I'll look to buy any weakness on the miners Tomorrow or Friday. I think anything below 42.50 would be good entry.

 

Trade safe.

Posted

Big outside up day in the Gold Miners (GDX) (GDXJ)

One of the largest volume days in the last year for GDX and one of the largest volume days for GDXJ (juniors) since the inception of the fund.

 

Very little physical selling in the bullion.

Posted

Crisco earnings = Huge gap down

 

Everytime

 

Maybe I'll buy some at $14.xx this summer...just like last summer, except this time I won't also have a block with a $17.xx print on it...bleeech

 

Sold it all ealier this year at $19.68 + another $1 or two in written call premium + dividends

 

How ya like dem apples?

 

 

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Posted

Big outside up day in the Gold Miners (GDX) (GDXJ)

One of the largest volume days in the last year for GDX and one of the largest volume days for GDXJ (juniors) since the inception of the fund.

 

Very little physical selling in the bullion.

 

Back to back 20+ million shares traded day. A 3rd would be a charm. ;)

Posted

Time to dump Crisco from the indices

 

And add FaceCrook, or Screwgle, or Gazing-ya, or Poopon

 

The whole thing is a f**king racket

 

Right Hayden?

 

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Posted

That scumbag John Boehner was on CNBS earlier crying and threatening that taxes on dividends is going to 43% (and cap gains tax will go up as well).He said the markets will suffer if the tax cut is not extended.I think they might try to crash the markets just so Obama will cave on the issue.

 

What a piece of shit that guy is,only a few percent will see a rate like that since it will be based on your income.Scare tactics to save the rich once again.

 

This country sucks.

Posted

Keep watching that 22 level on the VIX as well,a close above that level will be ugly for bulls.Lots of charts ready to roll (or a breakout in the case of the VIX) right here,they just need a little push.

 

Looks like a break of SPX 1340 should do the trick.

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Posted

 

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