“Never bet against the guy in the fucking time machine.”
The PPT is flagging OVERBOUGHT for ZSL and OVERSOLD for a variety of silver/gold stocks, like EXK and NGD. And, to boot, UUP is flagging OVERBOUGHT on our 12 month algorithm (ranges are measured over 12 month time frame). Make no mistake, these flags are some of the most accurate indicators in the algorithm and have always made me money. Theoretically, I should be buying right here, right now. However, I am going to wait another day or two before stepping in, mainly due to the looming Greek crisis and Friday’s jobs numbers.
I don’t mind paying up for a high probability play.
Aside from that, I am still eying luxury names, like BID and LUX, waiting for a dip. And, I am long shit loads of VXX TITS and the TZA STEED.
Speaking of luxury, my TIF positions held up well today. I am expecting them to blow out earnings on 3/20.
Finally, CPST and ALJ have been sucking nuts. I have a lot of patience with CPST, proven by my 20% paper loss. With regards to ALJ, earnings are due on 3/8 and I expect them to not disappoint. As of right now, I am up a modest 0.25% for the day, with 60% of my assets held in cold hard cash, awaiting your margin liquidations.