I didn’t allocate any money, aside from a small purchase of HMC. I’ll wait until tomorrow to take a stab at the market. There’s some decent conviction in this market and tech is leading the way up. If AAPL could get going, the Nasdaq will take off.
I was going to buy ELLI on this dip, but opted to wait and see what sort of news materializes. Frankly, I am not in the market to buy dips. With the money that I’ve earmarked to invest, I want momentum.
XIV is probably going to be the best investment over the long term. You can’t go wrong betting against volatility. What a suckers bet going long the VIX.
I’m most bullish on Japan, holding both HMC and SNE. I believe TM is on the verge of conducting a “one hundred dollar roll” soon. Buy in now for a 6-10 point run.
Gold/silver bounced today, but the sector is utterly useless. There is no discernible edge going long any miner. They’re run by criminals with black teeth. Their workers are whipped with leather to work and kicked into holes 10,000 feet deep. If you are an idiot who believes in inflation, go buy GLD. I’d avoid any and all miners, not only because of the 16th century working conditions that persist in these middle earth hell holes, but because the stocks do not trade according to reason.
If we are to follow seasonal trends, the market is going up from here until tax day. However, I strongly suggest avoiding all earnings plays.