3 CHARTS THAT KEY OFF TOMORROW’S TRADING ACTION TO GAUGE THE WEEK AHEAD
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PORTFOLIO UPDATE
During the trading day Friday, I tweeted the following: This is the kickoff of activity targeting a 75% invested portfolio position by the middle to end of this coming week. SPRT is a position that was previously held in the portfolio and a company that I have 8 years of experience with. I previously initiated the position on January 29th at roughly 2.60 and sold on March 29th at approximately 3.15 for a 20% plus gain. The upside target is once again above 3 and perhaps more if market conditions continue to improve. I need long side exposure while at the same time keeping my risk profile intact. I am looking for opportunities but want to be sure that my risk isn't infinite should my trend indicators be in whipsaw mode, with the market attempting to retest the June lows sometime in the coming weeks. Given the conditions, these types of contingencies always need to be considered. Brings me to my next point: My short-term trend indicator did turn on Friday. More importantly, my long-term trend indicator doesn't look like it will turn to the bearish side, signalling the portfolios to move into a 100% cash position. Both of these mechanical events brought me a sense of inner-peace on Friday. I enjoy putting money to work and I see opportunity in this market that would make me despise sitting in cash. Friday brought relief...for the short-term at the very least. I am constructing pieces of the research report for the newest small-cap opportunity currently. It will be released no later than Wednesday. I enjoy sharing these opportunities with all of you and look forward to witnessing the success of this most recent small-cap investment opportunity over the next several months and possibly years. As usual, tomorrow I will be presenting the weekly chart review to assist in navigating the markets during the week ahead. Enjoy your...
THE CULMINATION OF FEAR INVOLVING BOTH BULLS AND BEARS LIES BEFORE US
This is bottoming action. There is nothing pretty about it. There is nothing about it that is meant to give you a sense of peace and understanding. The intention is to make you doubt yourself, whether you are long or short. It is the culmination of fear involving both bulls and bears. Bears are in fear of mass government intervention causing them to wake up one morning to find the grim reaper standing over them sporting a beard and wearing a kippah. Bulls are in fear of a lack of coordination causing contagion to spill over into the financial system, causing the dominoes to wobble, eventually toppling over. I've learned over the years to simply stay out of the fight, choosing to simply watch from the sidelines. There are some traders who love this action. The only problem is that I don't know of many traders who thrive off of trading this type of environment that have made it through any single decade ahead of where they started. It's an action junkies game. And you will get exactly what you want out of the markets. I find myself in a favorable position should my analysis with respect to the June lows being as low as we go for 2012 turning out to be correct. The advantage is that the current portfolios I manage are near the highs for the year while the market has erased nearly all of its gains. These results were born out of the belly of thorough analysis, attention to risk and good fortune. A powerful combination when all three come together as they have. I've received a number of questions regarding the comments I made with respect to the new small-cap opportunity I have uncovered. It is a legitimate opportunity with the potential for a 300-400 percent gain over 12 to 18 months. I will not begin accumulating shares, however, until my trend indicators turn. Accumulating shares in this new opportunity will be a challenge, as it is not a very liquid stock. I want to be absolutely sure my long-term indicator doesn't switch to sell, forcing me into a 100% cash position right after spending the time trying to weave my way through buying this new name without causing waves. Last thing I want to be is stuck as the market falls through its recent lows. As for my trend indicators, the short and intermediate term is currently on sell, while the long-term is still on buy but getting close to a sell. It puts me in a precarious position really. My greatest fear is that the long-term indicator switches to sell while the short-term indicator moves...
ON LOCKDOWN
I've locked myself in sound proof room tonight with no distractions in order to research a new potential investment that I will be communicating to you, my faithful readers, over the coming week. This is, of course, barring a market catastrophe of some magnitude that has me moving into 100% cash. I despise being a buzzkill, but unfortunately this is a necessary disclaimer given the era of debt-driven fear we live in. I am too busy to go into further details, other than to say that the identical amount of effort and due diligence will go into uncovering every nook and cranny so that profits on par with established expectations may be met. In 2012 thus far the research on this site has led to the following profit opportunities: PRGS +27% over 2.5 months http://www.zenpenny.com/?p=3394 PTGI +36% over 3 months http://www.zenpenny.com/?p=3412 GSIG +6% over 3 months http://www.zenpenny.com/?p=3412 SPRT +21% over 2 months http://www.zenpenny.com/?p=3451 SYNC +90% over 2.5 months http://www.zenpenny.com/?p=3794 AUTH +37% over 1 month http://www.zenpenny.com/?p=4042 Is there another in the audience who has documented, time stamped research that has provided such gains in 2012? If so, please stand up and show yourself. Of course, there have been losers as well. The markets are not a consistent trip down a gold paved road lined with roses and scantily clad South American women. YELP, CIS and my current holding in ATNY have not turned out as well as planned. However, they have been managed well. I have either cut them out, avoiding deeper losses in the case of YELP and CIS or I have kept the position small so that the loss can be managed appropriately in the case of ATNY. I have spent enough time on this. Back to my laser sighted focus on the next opportunity that lies in...
CRUDE OIL: JUST A QUESTION OF HOW QUICKLY IT WILL GET BACK OVER 100 FROM HERE
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4 CHARTS THAT WILL NOT ONLY HELP YOU NAVIGATE THE WEEK AHEAD, BUT THE REMAINDER OF 2012 AS WELL
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TICKETS TO THE TRUTH ON SALE HERE
I don't care much for news out of Europe. In fact, the number of minutes I have spent reviewing the news flow out of Europe is equivalent to the minutes I have devoted to palming the tailpipe of Lamborghini Aventador after a 175 mph run on a racetrack. In both cases, I don't like to be burned. And in both cases, by performing a particular act you will get burned. Bias is a deadly psychological parasite that can reconfigure mental synapses in ways that are detrimental to investor performance. You don't realize it when you are partaking in the activity of simply digesting a news story, but biases are being constructed the entire time. The more talked about or legitimatized the story, the stronger the biases have the potential of becoming. If news, data and interpretation of what EU finance ministers say was a means of making consistent money in the markets your typical economist or academic would be high siding through Manhattan in a Bugatti towing a gold plated trailer filled with bikini clad South American models on his way to a luxury submarine outing. The Forbes 400 list would be filled with the articulate incompetents you see on CNBC daily that made fortunes simply interpreting news and then having the market do exactly as expected based on that news. News doesn't make you money. It makes you aware. It makes you a conversationalist. It is a form of ongoing education. It does nothing to benefit speculative activities in the financial markets. The more macro the basis for the article, the more useless it is to act of creating wealth. With that said, later on today I will be providing my weekly chart review that consistently assists those who are interested in finding an edge in the marketplace to do just that. Let the majority sink their teeth into the news out of Europe, grasping for an advantage in the marketplace that they will never find. Tickets to the truth on sale...