The dollar is holding up here, failing to breakdown below treandline support. A strong dollar is bad for equities, and the dollar is looking pretty bullish here.
______________
Based upon the laws of mathematics, I added $DRV back to the portfolio near $14. Into the weekend my current holdings are $GOOG “Ice Cream Sandwich”, $GSVC “Twitter and facebook”, & $DRV “Short real estate 3x”
On the next oversold cycle, I am looking to add $BIDU, $WLT, $PBR, $POT, $FIO, $FFIV, $AMZN.
S.H.O.M.P.
If you enjoy the content at iBankCoin, please follow us on Twitter
You guys should add SHOMP to the IBC dictionary.
it needs to be added.
If we put SHOMP in too many posts, we’ll get some bizarro google ads.
lol
RC – thanks for the post, brief, to the point and informative as usual. Appreciated.
Thanks TJWP, love having you in the room.
DRV closed near HOD.
SHOMP
what is the origin of the “SHOMP” and what the F does it mean. I’m guessing it’s not what urban dictionary says.
Friday I added back my UUP and had sold my 99% of my longs the day before.