Jan 10, 2017

Bitcoin is Not Good as Money

Bitcoin prices just collapsed in a very short period of time. This is huge volatility, we are talking about the price of Bitcoin changing by more than 25 percent in less than a 24-hour period. That is a huge drop in price! That is massive volatility, which is the reason why I have been saying that Bitcoin is not good as money because its too volatile!

Jan 9, 2017

Stock Market: The More It Rallies, The Harder The Sell-Off Will Be

I think the more the stock market rallies before Trump is inaugurated the more it is going to fall after he is sworn in. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ), iShares Russell 2000 Index ETF (IWM))

Jan 5, 2017

Gold: A Very Strong Start To The Year

Gold up (SPDR Gold Trust ETF (GLD)), U.S. Dollar down, gold mining stocks (Market Vectors Gold Miners ETF (GDX)) up quite a bit, so far the year is not getting off to the type of start that all the experts were predicting. Again, I think that Wall Street experts are in for a big surprise based on how 2017 is going to shape out.

Jan 4, 2017

Stock Market: The Energy Rally Still Has Legs

I have a lot of energy related stocks in my portfolio. This energy rally (oil and energy related stocks), I think still has room to continue. On the contrary, the recent rally in financials is probably just a suckers rally. I am sticking stick with the energy related stocks, I am sticking with the miners. (Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Energy Select Sector SPDR ETF (XLE))

Jan 3, 2017

Oil is Building a Lot of Support Above $50

That trend is going to continue. Oil is building a lot of support above 50 dollars a barrel. We are trading between 52 and 54 but I think we are heading higher in 2017. (United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE))

Jan 2, 2017

The Dow 20,000 Party Will Have To Wait

The Dow Jones Industrials Average (DJIA) 20,000 party is going to have to wait till 2017, although I would not necessarily buy a ticket for January as he will see if the sell-off that started last week may resume in this first week of the New Year. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

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