|Re: spoos 1373 ...good analysis... ill bet materials, energy/commodities UYM ...|
materials have had rel. weakness already, take FCX, it loves to lead the market direction by 1-4 weeks: Jan 2010, April 2010, Jan 2011, April 2011...Feb 2012?????
the divergences between XLB, FCX, CLF, BHP etc and the major indices are head scratchers
Brazil and Australia, EWZ EWA , major raw mat. nations, check out last week, very telling imo
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disclaimer: good luck, markets are systems to fool the masses
| Reply to ramaji - Msg #2247545 - 03/12/2012 21:03|
Re: spoos 1373 ...good analysis... ill bet materials, energy/commodities UYM KOL UNG (ugg) FCX etc take it on the chin first but they could bottom first as well so good trades coming there
i do like VXX call if we get a spike soon
and SRS calls, another glutton for punishment trade but the premiums are right and SPG theoretically has downside... wall st crazy for retail stocks for sure
out of the $$ DIA SSO QQQ puts ... Nasdaq is in the full break out and insane prices/valuations...
i think a lot of this will be much lower by summer, though the so called "decent" economic #'s say we could have some downside support...
dont trust it though, seen many times declines in overbought mkts like this start and keep going for months and months
again, its whenever the guys press the "now news matters" button
a year ago we had fukishima, but they said no collapse till august...