Last week, I thought gold and NUGT would rise, and it did, but not impressed with the move, and it looks likely to fail. I am staying away from it this week.
SPY is being capped pretty hard by the 161 fib line from the 09 bottom and it is trading back and forth in a range, and now a wedge. Friday was interesting as 40 points from Thursday's high evaporated like it was nothing. Any real selling could cause some grief for the markets.
I don't know about you, but does anybody believe that the Fed will raise interest rates anytime in the near or far future? We are triple zero; rates, wages, and GDP. I think the Fed is out of bullets, and the Govt is stuck as there is no way the Republicans are going to allow pump priming going into a national election. Plus, I seriously doubt the Fed will allow the politicians to paint a bogey on their back blaming them for the economy due to rate increases.
Therefore we will see input costs continue to collapse, and I am pretty sure we will see thirty year no cost mortgages in the twos before the next elections.
Finally, I appreciate all of the support and new clients with the stock signals. They performed very well. I am now in the process of adding a long volatility signal, NUGT/DUST, SPY, and TNA/TZA. I will be testing for the next few weeks, and release some time in May. My plan is to keep the price the same for all new subscribers for these additional signals, and keep the price locked indefinitely for those who are subscribed by June 30. I also may cap it at 300 subscribers to keep it manageable. The price is about a 1000 share commission, a month ($12.50. The program creates the signal and immediately forwarded to you via text through Twitter. This is the best deal in stock education. No guessing, no pontification, just math. You can sign up at the top right.
Ok, here are a few charts, enjoy.
bob.. just a clarification.. current subscriber fee is $12.50.
ReplyDeletewhat exactly do i get for that? twitter message?
how does subscription differ from your free twitter sight?
if you create TNA/TZA & SPY signals - will those signals be an additional $12.50 or included in your current $12.50/mth fee?
$12.50 for all signals mentioned above. The difference is this signal is automated. My free signals are posted by me as I see good trades.. Signal is delivered by Twitter direct to your phone.
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