Brokers and banks are hot this morning, with two of the better ones being AMTD MS, to my eye.
Gold miners are gap-filling lower, which is a good reminder of why highly-levered commodity instruments like NUGT and the like (UGAZ etc,) are best viewed as very short-term, aggressive trading vehicles as a general rule of thumb.
Interestingly, homebuilders are not strong like the banks, and in fact are lagging and quite weak.
Nice earnings reversal higher in GRPN–It probably remains a hated company to the point where downside might be limited going forward.
And Treasuries are showing us why it is good to know when you are dealing with a chart with a declining 200-day moving average, as TLT has, that the presumption remains one of being in a clear downtrend–Counter-trend trades in TMF and the like are, you guessed it, short-term aggressive trades and nothing more.
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Financials and especially regional banks sure are slobbering over the increased revenues that come from an inverted yield curve.
Yep
damn they are the cutest little WOOFs. id buy WOOF too
WOOF is a good company.
financials !
GDX is close to breaking that double bottom, what say you Chess good sir ?
contrarian gold is looking interesting
anv green in a sea of blood
cute pups,
@the_wolf: This is where the rubber meets the road for gold miners…Still like the weekly chart RSI bull divergences….I will update it later today or over the weekend in my Strategy Session.
Nice melt up.
The FAZ seems to be leading the markets higher today.
Was yesterday a shake out to remove the weak hands?
About NUGT you are so right GDX is friendlier to the investor.
Stay tuned.
Not FAZ, hah. FAS
My mistake the FAS or financials are leading the markets higher. And a technical bounce on IBB
Agree on IBB
thx again Chess, have a gr8 day !
You too, wolf. Thank you.
Another spike in rates coming? 3%?