Late-day weakness prevailed as the market digests recent gains. In tonight’s video, I analyze which parts of the market are most important to monitor in terms of assessing whether the weakness will translate into a deeper pullback, or instead set up the traditional Santa Claus rally.
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Enjoy tonight’s video, and enjoy your evening.
Remember my hypothesis that mm’s actually believe UPL’s Uinta Basin acquisition is a good deal? I know, Chess, still work to do… Just saying it bears watching, b/c I still like the look of the long-term chart and a breakout could have legs. Oomph above $21 would be promising but, as you’ve said, the real test would be $25ish. Still, when trying to think two steps ahead, best make sure not walking where the sidewalk ends… (I miss Shel)
speaking of gas, the short float is >20%.
Yup
Very nice, thanks
Great summary as always sir. Thank you. Question just out of curiosity. Do you see going long TBF and or TBT being just as good plays as shorting TLT? Considering how much gain we already got this week — How much upside (from the down trend of treasuries that is) do you foresee? Any concensus on that on the street?
Tend to want to wait until 2014 to show bonds (long TBT/TBF works), in lieu of pressing here. Then again, maybe a spike in rates in the New Year would catch many off-guard. Thank you for the kind words.