- Posted by admin
- on June 16th, 2014
We used to blog a lot more before Twitter. It seems that at least for us both mediums draw from the same energy source. We tweet, and blogging suffers. But we used to do this “Random Thoughts” posts quite often and are looking to resume the tradition. So without further ado:
— as long as the Russell is outperforming the $SPY we are not worried. We are trying to keep things simple — 115 was our zone last week and the $IWM has defended it like a champ. If that goes, we go to cash.
— theme here is solar/alt energy. They are right now the best looking sector along with energy and semis.
— If we had one indicator to choose from and nothing else it would be Bollinger Bands (standard deviation 1 and 2/20)
— Einhorn bubble stocks are inflating again but we can’t find any good set-ups there — but glad to have them back in the game.
— pretty interesting how market is completely ignoring the situation in Iraq (except for crude oil spike). Maybe they figure that fight (Sunni/Shiite) has been going on for 1500 years so what’s the diff? Whatevs? But this grizzled QE loving wolf of a market now post-financial crises/Euro contagion and countless other headline crises does not get panicked easily. You know how it goes — doesn’t matter until it does.
— we’ve been trading for over 17 years but it was HCPG 8 year anniversary on Friday. Woot! Things change, but not really. Still trade off daily charts, still look for bases to buy against…
Let us know if you like these type of posts — give us some feedback and if the reaction is positive we’ll go back to doing them. HCPG
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