iBankCoin
Joined Jan 27, 2008
7,405 Blog Posts

Investors Want Protection

It’s amazing to see the indices trade right through some important levels without hesitation, it’s also amazing to see 90% of the stocks inside the Russell 2000 up. Risk is clearly on.

But, why is gold so strong? Looking at today’s hybrid screen, which can be found HERE, there are a number of gold and silver stocks setting up here:  ABX, AUY, NEM, CDE, AU, EGO

Even the Bitcoin is trading back above $300 which hasn’t happened since the whole Greece ordeal I believe. Is there another shoe to drop?

Whatever the case may be stocks are working and that should be your focus, stock selection. Check out the $JD here, a new position of mine, I like the spot here.

What are your top picks?

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18 comments

  1. bionut

    $ANIP look at that headroom

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  2. bionut

    $JBLU on the pullback $WBA starter?

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  3. bionut

    also, look at $LCI and $SUPN in that $ANIP space.

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  4. Marc David

    Hmmmm….how’s that TZA bud? Like a bad SHAK burger sitting in your tum tum? Join the TNA trade. When it breaks past $72.. it’s on son!

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  5. bionut

    Well fack me runnin, I am green on my Twitter trade!

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  6. trashman

    How about that bitcoin? I bought 50 more when it dipped at 230

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  7. bukuhuru

    Which screen in Exodus are you using to find the tickers for the daily hybrid screen?

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  8. boyaj

    RC, which burger (taste wise, not “experience”) do you like the most: Shake Shack, Five Guys, or In-and-Out? Also, which place has the best food besides the burger (i.e. fries, shake, etc.)? Would love your opinion on this. Thanks!

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    • RaginCajun

      Burger – 5 guys.
      Fries hands down – Shake Shack.
      Shake – in-and-out, only because of the price, taste is similar.

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  9. bchu12

    this $1180 has been strong resistance in gold. I think it’s pricing in a no rate hike already so not sure how much more upside there is here

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  10. sethster

    Nice to see the SHAK Review. I provided my own from the Baltimore store… That place sucked!

    I called it an overprices Steak and Shake. I know you have Steak and Shake in New Orleans. Please compare the two.

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