Well, coal miners that is, namely Walter. Precious metals miners are bouncing, too, and offering high beta trading.
If yesterday’s lows hold on the gold miners, the many “inverted hammers” printed yesterday on the daily charts point to a tradable bounce. I also have the actual precious metals themselves on watch.
As for equities at-large, it is another lethargic morning where the Draghi QE faded like a puff of smoke (and mirrors).
It is still early, though, and Tesla is firm after earnings, not to mention WFM.
I suspect the IWM under $115.30 would unlock more selling today. Otherwise, I expect choppy action.
Like a windy sea; nothing but chop. Tried a short in BIDU from 238. We shall see
I bought some $chk today. If oil stays low that will help natgas prices.
Bought JNUG this morning. Stop at days low
Chess, Curious about UNP. I figure you have been stopped out(118), but why UNP and not short CP which has really gone further faster since 2012. Thx
I stopped
Chess-
You mentioned KMX as a Short last week. Do you still like that play with the consolidation that is happening here after reaching all-time highs?
Thanks
under 55 yes
Thanks for the reply.
Cheers!