Hi Board, There is a market signal that has successfully marked 7 of the last 3 major market downturns... meaning that is has flipped false positives before, but has always occurred before a major market downturn... and that is the "Hindenburg Omen".
Goog the phrase "hindenburg omen hovers over wall" for the latest signal info.
I'm not sayin the Tsunami is about to occur, but it would be wise to keep an eye out toward the beach and have plans ready, especially for high beta stocks, should there be a sudden need for higher ground.
i am quite interested to hear interpretations of the current market moves.
for the last few months investors have been worrying about a pull back. hasnt happened so far. that's why market timing is so difficult.
my mostly energy related investments are still holding or up. but occasional profit taking is all part of the game
and i for one will never give thumbs down.
Looking like the larger market is getting pretty tired and in need of a pause/pull back with a slight possibility of a correction/mega sell off. A lot of "toppy" signals are being seen at a time when seasonality punishes the longs : Sept & Oct are notorious bear months after all. Add to this the DC Moron League theater adding drama over whether to pay the bills, or just shut the whole thing down, default and hold granny's breath till she turns blue. (deja-vous all over again?)
Don't get me wrong, a normal pause/pull back would be healthy for the market. Its just with the incompetent federal leadership, this could spin out of control quite easily.
So, not being on margin would be a good thing. Trimming back on a few high flyers, but keeping pat on PGH for now, even buying on the DRIPS.
Volatility should soon be active again. I am going to add to my VIX spreads, buying the VIX131016C00016000 (16) for 1.95 while selling the (21) VIX131016C00021000 for .95. This will give me a 4 to 1 return if the Morons are successful in scaring the vix up to 21. Realistically, I figure I could lose a quarter or make a buck or 2... not a bad side bet on the bad side show.
Sentiment: Strong Buy
Dudes, REALLY??? That was just an informational post for our "wanting to be informed" readers -- Not a specific alert concerning PGH. Only a moron does not want to consider learning something new... Just goes to show that MORONS can be long or short this stock :) Full disclosure: I am long PGH and consider it such a deep value that it is more of a bond holding that pays 8% with the plus that will eventually revert back to NAV, so no change there. Just considering trimming back on the Netflix & Pricelines
IS this like the golden cross voodo? The fact is simple. Financing achived, Dividend stable commited to, Energy is always in demand. We don't bank on Just oil, we have Nat gas as well. Canadian, company survived the 07-08 downturn while us companies got smoked.