Lee AdlerNote: Holiday Publication Schedule- I’ll be taking a brief break from publishing over the holiday week. I expect to resume publishing on July 6. Enjoy…
But it looks like a dead cat at best. Subscribers, click here to download report. Try Lee Adler’s Gold Trader risk free for 90…
Cycles are topping out. That includes the big ones.
Yet again, whenever I pick a few shorts to add to the list, the market smacks me upside the head. Fool me once, shame on you, fool me twice, shame on me. It’s like our permabear friends, whose names I’ll withhold out of respect for the dead, who have been warning for 12 years that the market is about to crash. They will be right one day. Well, every few months I’ll see a few short picks that I like and add them to the list. We’ll probably keep losing money on them, but one day, I’ll be right. You’ll see! 😆
The balance between QE and Treasury supply will begin to shift in July. The underlying bid it has provided for stocks and Treasuries will begin…
Gold and the miners went from precarious to ugly, fast Subscribers, click here to download report. Try Lee Adler’s Gold Trader risk free for…
Cycles are topping out. That includes the big ones.
Existing picks, all longs, held up pretty well in last week’s selling. 3 of them dipped below their stops, with gains in two of the three. The newest pick, XXXX (subscribers), added last Monday, did surprisingly well. This week, I’m adding one long and three shorts.
In Part 1 of this report, I covered dealer positions, financing, and hedging. Dealers have mitigated a significant amount of risk by selling paper to…
Gold is in a very precarious place on the charts. The only thing we have to fear isn’t just fear itself. Here’s what I’m worried…
Cycles are mixed, and cycle screening measures are deteriorating, but there are still reasons to expect the averages to head higher. Here’s what they are,…
The volatility subsided, but the range remained. 4 picks dipped below their stops. Were they too tight? Or is this the beginning of the end for the longs. Time will tell.
Meanwhile, list performance improved slightly to an average of +2.4%, up from +0.2% the week before, on an average holding period of 15 days, up from 10 days the week before. The percentage change assumes cash trades, no margin, no options.
The stopouts left just 4 picks on the list. All are longs, and all look ok to hold, with stops adjusted based on trigger lines in the charts. I added two more picks from Friday’s screen.