|Quick break before lunch after going one on one with east porch roof this morning:..)) Thank God for some dry, painting, weather the past week. Anyway...|
Glad I'm no longer an active trader. Some of the wildest whip saw swings I've ever seen in the PMs and energy stocks with the exception of a tiny handful of big cap energy names, such as CVX and SLB. My wag?
This "Whip Saw City" is textbook bottoming action. MMs do everything possible to repeatedly run all the stops in order to build inventory before every major Intermediate or Long Term bottom is confirmed. That signal stands out as a powerful breakout on a massive volume surge confirming a completed bottom in daily charts, then the weeklies. The trend will be the bulls friend thereafter.
Do I know exactly when that happens? Hell no!<lol> Mr. Market will show us when he's good and ready. Until then? My opinion and a couple of bucks will still buy you a cup of coffee at Starbucks...))
Mentioned a few fav energy names, on my own board, that should greatly outperform large caps in profits between now and 1st qtr next year. HOWEVER...
Am yet to buy anything. Anybody who wants to front run me is welcome to do so. I'll gladly pay a higher price/share for the better risk/reward ratio outlined above...))
Have to log back off for awhile. Lots of seasonal harvesting yet to do, AWA finishing work on this large 19th Century house, before winter.