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Bring your sack, the LED leaders are marching forward with their grapes of wrath unfurled, and you want to be in that number, lest you take the hard edge of me terrible swift sword.

Hmmmm…. I think I feel an anthem coming on… bum-bum-bummmmmm…. nah, it’s passed.

I don’t mean to boast idly, but I was up 4.2% today and not, as you might believe, due to my precious metal portfolio alone. Make no mistake, those names were up nicely today, with Allied Nevada Gold Corp. [[ANV]] ,Rubicon Minerals Corp. (USA) [[RBY]] , NovaGold Resources Inc. (USA) [[NG]] , [[BAA]] , Exeter Resource Corp. [[XRA]] and my baby Silver Wheaton Corp. (USA) [[SLW]] leading my dogpack of precious metallicas like a dogsledder seeking Siberia from Alaska.

Others in my port, however, were up just as — or even more — handsomely, with the “3 T’s” racking in large horde — Thompson Creek Metals Company, Inc. [[TC]] , Teck Cominco Limited (USA) [[TCK]] and benighted Titanium Metals Corporation [[TIE]] rocking worldviews, and even Sud Ameriquan lithium developer Sociedad Quimica y Minera (ADR) [[SQM]] rebounded well today. Crazy Central European Distribution [[CEDC]] has finally woken back up, and Trannie King United Parcel Service, Inc. [[UPS]] looks to be leading the rebound with the Transports.

Nothing seems to lead these markets like the LED stocks, however, and I won’t rest until M. Le Docteur de le Fly is invested in the two leaders Cree, Inc. [[CREE]] and Veeco Instruments Inc. [[VECO]] , who have become the spokesmodels for Woody’s “relative strength” in this post-apocalyptic age.

First, note the Cree, Inc. [[CREE]] weekly, and slap yourself in the head for missing this opportunity:

I’d like to see that weekly volume bar increase as the week goes on, and I believe it will, especially when taking on the daily view:

The 20-day had held support for a while, so a launch back above it should be encouraging.  I  (luckily) added 2k more of both CREE and VECO last week as I had “low-ball” (heh, right) buy orders laid in that took advantage of the downdraft.   These two are a large part of my gain advantage today, and I think they will continue to lead.

For all the relative strength shown in Cree, Inc. [[CREE]] , check it out in Veeco Instruments Inc. [[VECO]] below… surely this is one of the strongest stocks in the universe right now, no?   Lay in wait, but do pounce as I have:

Stay on your toes, and be nimble, but I don’t think this liquidity wash is over  just yet.   Stay safer by grabbing tech leaders like the LED-ers, and hard money targets.  Everything else is suspect, and should be eschewed indeud.

Best to you all.

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In more civilized days, I wouldn’t even have to make a pun title, but these are coarser times and someone might take the original cliche the wrong way, so I’ve made it a drug reference for the weak minded.

No matter, it’s a warning to those of you who would take tonight’s pre-market rebound as reason to snort piles of pink-flake coca products and go long every stock in the Tim Penny Stock Aisle.

My advice, take a more cautionary route and stick with the vehicles that will truly benefit from the near guaranteed inflation of the ECB, now all but certain with this latest package of six jugajillion new Eurotards for the shoring of Greece, Macedonia, Phillipi, the outer Crete Islands, and– as a bonus– Reno, Nevada.

Those vehicles be made of things that glitter and hold their value in a paper mache schit-storm.   Just one I propose tonight is [[EXK]] , which I think is going to lift off again within a day or two.   Note the bouncing at support:

Yes the stochs have not completely turned up yet, as they have w. Silver Wheaton Corp. (USA) [[SLW]] and [[CDE]] which are also eminently buyable, but I think EXK will be a late bloomer like it’s older compadres have been as well.

Another you should keep an eye on is $TRAN king, United Parcel Service, Inc. [[UPS]] .   I think it may be a “first to recover” stock as well, along with the PM sector.  

Be cautious tomorrow, and if you must buy, make it a tangible.  One of my PM pics (Allied Nevada Gold Corp. [[ANV]] an Eldorado Gold Corporation (USA) [[EGO]] are easy) should be considered, but everything in moderation for now.   Let’s see how this shakes out.   Keep an eye on Titanium Metals Corporation [[TIE]] an it’s other heavy metal friends [[TC’]] and Teck Cominco Limited (USA) [[TCK]] for additional possible ads.

My best to you all.

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Yeah, we’re going to flush to the terlet here, with this Goldman Kabuki going on.   And now Merrill is getting into the act, too. 

Big whoop.  Like it’s a shocker that losers are going to try to blame someone else for losing money?

It’s the way of the world.   Blame someone else for your stupidity.   Tell me one thing, though… if you went to that Goldman Sachs trading room back in 2006, how many geniuses on that floor would’ve been betting on John Paulson? 

Yeah, that’s what I thought.  Not even Timmah was betting with Paulson back then.   Hindsight being twenty-twenty, though, let’s throw them all in jail now.   I’ve been in this business 20-years and I could’ve been in it 200… the story remains the same.  Chock full of losers looking to blame someone else.  Step off and take responsibility for your decisions.

Or just get the hell out.

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Meanwhile, Transport leader and king United Parcel Service, Inc. [[UPS]] made a giant move last week and only pulled back a little off of it with Friday’s mess.   Recognize, I believe it will pull back more with this long expected blow off we have expected, and we should experience more of this week.    But I also think it shows we’ve got more to go in this retardiculous (sic) market runup into the 2010 elections.  

Here’s where I think the buypoint for UPS should be:

This should also become a signal to you of when the market as a whole will begin to recover.  The Transports always lead, Charles Dow has yet to be wrong in over 100 years, and he’s been my sherpa for some of the worst market conditions we’ve experienced since the Depression.  

Put your faith in Chuck, watch United Parcel Service, Inc. [[UPS]] and look for gold and silver in extremis.  

My best to you all.

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[youtube:http://www.youtube.com/watch?v=okHGCz6xxiw 450 300]

Maggie Lays It Out for You

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I think it fitting that I spent most of the day away from you, gentle reader, in a room full of bored and cored, screw-tapped and dew-lapped copper, titanium  and aluminum gew gaws.

What better way, after all, to celebrate the next emerging bubble in basic and precious metals than to revel in the presence of those commodities end-products?  And here’s what’s crazy… despite the high prices of these manufacturing inputs, the companies that produce highly machined components from these sources are getting TOP dollar right now, less than 13 months from a near Armegeddon bottom in March of 2009.

Imagine that, huh?  One would think there’s the scent of easy money in the air.

I still think we’re in for a pullback and maybe it’s this week or the next, but it’s coming, because we have to reset some of these overbought conditions.  It won’t be much though, I shouldn’t think, and I have three pullback plays just itching to be triggered on any moderate pullbacks.

The first is from the aforesaid metals group, and a past holding of mine.   I held RTI International Metals, Inc. [[RTI]] back when it was around $11-$12.  I believe I sold around $15, much to my chagrin:

Note that I don’t think this commodity leaper will pull back much.  Perhaps to the top of the consolidation zone at $31 or so.

Next, two old friends.  The first is one of my oldest and longest term holdings.   I’ve said in the past that I think United Parcel Service, Inc. [[UPS]] leads the trannies, and so leads the market.  Recently, that theory has held up.   UPS is looking like it needs to form a pullback “handle” here, in order to consolidate and take off again.   You can see my target:

You can see that even on the weekly, she looks rather overbought.   A pullback to $62, at least, is in the cards on this one, I beleive.

Last I offer an old friend that was originally brought to us by our oldest of friends.   I’ve owned some a while and not looked at it for some time.   Well, it looks like [[ENTR]] is prepping for big things at last.

Viva la Cable Box Revolucion!  

Be well, all, and keep an eye on [[UUP]] for further signs of a commodity revolution.

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UPDATE:  This Rocks, and it will also educate your kids.  What more can you ask for?

[youtube:http://www.youtube.com/watch?v=d0nERTFo-Sk&feature=fvw 450 300]

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It’s nice to have gotten into the Final Four here of the famed iBC Tourney this year, but I am almost remorseful to have taken that golden bone away from such a weurthy opponent as “Kreppa Nu,” a proud member of The PPT, and a strong stock picker in his own right.

And just to show how much these contests rely upon the whim of a day’s timing, look how his champion SanDisk Corporation [[SNDK]] rose from the ashes today.   

I told you SNDK was a good pick, and only a matter of time before it re-coiled itself and was ready to take off again.   I want to thank my friend for pointing this one out for me.   I think it’s got legs, no matter what the governmental gnomes can throw at us in the coming weeks.

As for the rest of the market, I’m not so sure.  Today, we were saved by a weakening dollar — [[UUP]] — there’s no getting around it.    The balance we have to strike right now is an increasingly ugly fiscal scenario versus a madman at the printing presses, trying to keep all the balls floating for as long as possible.

To say I’m pessimistic might be understating things, but I’m not going to flush my positions until I see the whites of the enemies’ eyes.   Right now, the [[DJT]] and the harbinger United Parcel Service, Inc. [[UPS]] are still in breakout patterns.  

Until I see a breakdown out of those pullbacks, I’m staying long, though not necessarily “strong.” Watching gold for a break of $1,100 as well.

Best to you, my sons and daughters of Barack.

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Update: Let’s see what’s actually in this sucker they passed yesterday. Enjoy!

[youtube:http://www.youtube.com/watch?v=Rw5g9K2dFKM 450 300] _________

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Diiiiiiiiiiiiiiiiiieeeeeeeeee!!!
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Forget about your regular run of the mill “Denningerite-Goldman Sachs” conspiracies, I think there are heavier machinations afoot.  

Let’s take this Old Dominion win over the weurthies (sic) at Golden Domer Land ( that’s “Notre Dame” to you foreign debils).  Obviously someone has spiked the Gatorade in the Southern bracket, as fellow Big East weurthy Villanova needed overtime to dispatch that grab-bag of hirsute and unlaundered ruffians from Robert Morris University (I believe they are the largest providers of “Executive Assistants” in the Western hemisphere).  

No one needs to sniff around long to realize this is all just another  “pad the Duke run” conspiracy, no doubt cooked up by the seminal communist claque at CBS Sports and the villainous Koach Kryszistikanmstlplx of the Permanantly Punched-off Mustachio Society.

As a result of my suspicions, I fear greatly for my Louisville Cardinals, who will play the Bezerkley Cal Bears tomorrow night in their respective Tournament tip off game.   In fact, I have even warned them– via multiple flash texting– to beware the laudanum crystals that will no doubt be sprinkled upon their Soup & Salisbury Steak pre-game meals.    

This would be no coincidence, mind you, as their next opponent is the hated Duke Blue Devils, should both teams advance to the round of 32.   And while the Pukies (sic) are already the beneficiaries of an ill-gained #1 Seed, they will likely take every nefarious precaution short of chain-sawing off the legs of their next opponents and calling it a “freak escalator mishap.”  (And only because they did that last year and don’t want to risk the usual “too coincidental” inquiry). 

I am hoping of course that there is a God in the Heavens who will caffeinate Duke primary opponent Arkansas Pine Bluff’s Cocoa Puffs tomorrow morning and make them the first #16 seed to knock off a #1 in T0urnament history.    The hated Blue Devils are well deserving of the honour (sic).

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In stock land, it looks like I got out of the rest of those June $11 Silver Wheaton Corp. (USA) [[SLW]] calls just in time last night ($5.45) , as it seems stocks are finally going to head into a cycle low here, with the PM miners leading the charge.     Of course I kept 30 of the original 240, just for “esses and geegles.”    I also got rid of the final 60 June $40 [[GDX]] calls at $7.55 this morning as well.

Last, I dumped another 1,000 shs of [[AGQ]] at $57.94 at the open this morning.  I retain a final 1,000 shares out of the original 4k. 

I also dumped 8k of the Pacific Capital Bancorp [[PCBC]] at @ $2.19  with my thanks and a promised steak dinner to brother “Rage in the Cage” , who put me onto this neat little fiduciary a couple of weeks back.  I retain 12k shares for the “free cash money” heck of it.

One last peculiarity I will point out, and take it as you will…

 Despite the pullback in PM stocks, the price of gold has held rather well, and the dollar can only hiccup higher over Grecian death rattling ( [[uup]] up about 17 cent today).   Note also, however, that the “King of the Transports,” a.k.a., “The Mighty Big Brown,” United Parcel Service, Inc. [[UPS]] is enjoying a renaissance in price movement it has not seen since before the 2008 “Year of Black Ddeath.”  

Charles Dow calls out to you from the grave, citizens… will ye listen?

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UPDATE:  GO YE MURRAY STATE RACERS!!   Beat those South’n Commodore Vanderbilt Goofs!

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