Let’s take a step back and look at things through the eyes of the Russell 2000. This index has been a pretty good tell during the crash in ’08 and the recovery in ’09. The chart below tells me to buy the dip down to the 200 & 50 day moving average.
I nibbled at $GS today and also bought some uranium, which seems to be the thing to do. We have some important economic data in the am, so be on the lookout for that. See you guys tonight with some scans.
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Note: I have some TZA in my back pocket incase things go sour tomorrow.
i agree – right or wrong, this dip will be purchased. i will wait for things to be down ~30% from recent peaks before getting too jiggy.
Robert, good to see you agree. I appreciate your work in the ppt, keep the reports coming.
RC,
How much of an impact do you think a negative payroll report (August 6th) will have the market?
something Epic will happen Aug, 6th, mainly because RC will be in New York for the first time of his life that day.
NICE!
let me know if you need any suggestions, email me
What do you use as your Uranium play? Just curious…
bought URRE @ 0.48 @ open. Also, check out DNN &URZ