Folks, now that our friends in the Orient are back on board (for now), it is “game on”. This is the real deal. When we come back from our long holiday weekend, prices will be higher.
Semi’s and energy–especially semi capital equipment and energy services–will give you the most bang for your buck.
It sure looks like we’ve hammered out the bottom of our trading range.
Gosh. I would have loved a dull and boring market that sucks the life out of all volatility , but that is not meant to be. The VIX will be below 28 by tomorrow and that is a very key level seperating fear from some sense of normalcy.
There will be some more “slap-chop” action, but the buyers are real and the volume is good. Enjoy!
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I agree! Although i keep looking up nervously for the falling knives
MTA above 20 day MA, looks good to go
E-Z money and a fat yield. Buy under 15
Rocky, I don’t see why you keep advocating this based on the yield unless it’s a long term play rather than a swing trade as they pay that dividend once a year and it was just paid.
Play the gap fill for a swing otherwise put it in the IRA with a drip and and let it age slowly like a fine whiskey … just saying.
Keep up the good work,
The Donald
PS: Too early to gloat but CEDC & TOT did very well today .. a rally in the euro on short covering from some type of coordinated “intervention” would provide further gains
Agreed on said falling knives.
Scott…I think that may be more USA read of China vs theirs….will know tonight…but I am reading about them looking into Speculator Loans and having them to up their bond interest….just don’t see it.