yep, uspix has paid off big so far this year, fund is up over 15% ytd..I once again sold at the close, and actually did a 180 and bought uopix for a dead cat bounce..My guess is, I will be out of it at the close today and step back to re-evaluate what is going on<g>..but I have no complaints, my portfolio is up 8% ytd..Should note that uspix finally did reverse up into the X column on the P & F chart. By definition, demand has now outstripped supply..Next resistance level should be around 19.00( but a small pullback should be expected)..I will for sure be back on the short side by Tuesday..I don't think sitting in cash is a bad idea either..
stockcharts.com
API #'s should be real interesting this coming week, I've been below 0 degrees every day this last week..Should be very high heating demand in the NE..Still looking for one more big spike in energy prices prior to a slow decline into Spring...
My 10 day forecast is still looking very chilly here in VT, especially this weekend.
intellicast.com
PPS: IMO, the lack of inflows to the market is signaling the upcoming real estate bubble bursting is nearing, pattern is very similar to the early 90's,,which was the last time this January lack of inflow phenom occured
Wood stove has been loaded up, now back to bed..;^)DD |
