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  • The Bull is Back – A Full Market Recovery

    Posted on September 16th, 2009 No comments

    If you watch business television, you will hear a lot about a W shaped recovery and a V shaped recovery. Simply put, my bet is with a V shaped recovery and we are well into it. Most analysts were expecting a drop once we broke 1000 on the S&P, and it didn’t happen. We are well through 1000 and approaching 1100.

    Is 1500 on the S&P possible next month? Absolutely not, but in 2010 I certaintly think so. I believe we are going to fight a little battle here at the 1075 range, maybe falling back as low as 1025. But generally speaking the charts are strong and very bullish. We are out of a recession and its only a matter of time till you hear Bernake say it.

  • An Interesting Week & Day

    Posted on February 20th, 2009 No comments

    As good as today should have been (2 predictions met), I didn’t really cash in. I was up slightly on the day, but nothing worth celebrating over. I also entered into positions I’m not really comfortable with after looking over the charts. Let me recap the day. First off, 2 of my 2009 predictions have been met…

    • Dow collapsed under 7500 in Q1
    • Gold broke the $1000 an ounce mark in Q1

    At the time of those predictions, many people doubted me. Clearly, both were nailed with precision. That aside, I’m still a little concerned with how things turned out for me today…

    • Shorted HMSY
    • Debated on going long on GE, but ultimately opted out of doing so. Things looked icky on the charts.
    • Bought shares of AUY (will explain later)
    • Built my position on GDX
    • Boughs shares of NGD

    It was a full day to say the least. Let me review my AUY position…  Ultimately, I’m bullish on this stock but my entrance on AUY was horrible. I sat analyzing the charts for 2 hours after I entered and decided I’m going to hold it over the weekend. Typically, I wanted to wait for a clean pullback in the miners like we witnessed yesterday. Two straight days of pullback would of cleaned up my charts and had me off to the races. So why did I buy AUY? Well gold made a dramatic break upwards and the gains on the miners were modest. I don’t love the trade, but I’m going to live with it.

    On another note, we saw another bone crushing day on the stock indexes. The DOW reached new lows, but the midday bounce back has me thinking we are going to see some more volatility going forward. I didn’t touch GE for this exact reason, next week could see sub 7000, and if dramatic enough, that’s when I’ll feel more comfortable taking long positions on consumer staples. Until then, I feel safe in the miners, specifically Silver and Gold stocks.

    I hope everyone reaped the gains that I should have today :) Making only 1% on a day like today feels like crap!

  • Predictions for 2009

    Posted on February 15th, 2009 1 comment

    Welcome to my very first blog post for Churn.ca. Playing the market is something I’m fascinated with and a few people are interested in following every move I make. I want to stress, I’m not providing investment advice, I’m just here to show you what I’m doing. I’m going to repost a few things I made at Covestor back in January before I start freshening up the content. Here are my predictions I made for 2009…

    • Gold breaks the $1,000 barrier in Q1 2009.
    • DOW will not hold at 7500, I’m looking for the break in late Q1 or Q2. 
    • Gold miners (equities) will be the top performer for 2009 (AUY, ABX, NEM, ABX, GG).

    Good luck trading in 2009, I hope it goes well!