I’ll be returning to Denver Monday after 18 days on the road. Over the time I’ve been away a likely bear market has shown its claws. There will surely be many opportunities to profit in the months ahead from both the long and short side, but my focus most immediately will be on intraday setups that would allow us to get short with as little risk as possible. If you’d like to stay on top of real-time trading opportunities that might result, I recommend signing up for ‘E-Mail’ notifications on your ‘My Account’ page.
Exploiting a Likely Bear Market
- June 4, 2012, 3:55 am
RICK — I TRADE SLV , ZSL , GLD , GLL , FAS , FAZ , TNA AND TZA . I THINK THAT THE NEXT SEVERAL MONTHS ARE GOING TO BE ESPECIALLY INTERESTING FOR FAZ AND TZA AS THE FINANCIALS AND THE SMALL CAPS LEARN TO FEAR THE BEAR BIG TIME ….. .
I LOVE “RICK’S PICKS” WHICH I JUST DISCOVERED AND SUBSCRIBED TO A COUPLE OF WEEKS AGO . LOWRY’S HAS HELPED ME TO IDENTIFY THE INTERMEDIATE AND PRIMARY MARKET TRENDS FOR MANY YEARS AS WELL AS GIVING ME THE BEST , SPECIFIC HIGH MOMENTOM STOCKS WHICH REACT TO THE UPSIDE QUICKLY IN A SHORT TERM RALLY . IT LOOKS LIKE TO ME THAT “RICK’S PICKS” IS SUPER IN HELPING ME TO IDENTIFY SHORT TERM TRADING POSSIBILITIES ESPECIALLY IN GOLD , SILVER AND THE S & P .
INCIDENTALLY , I AGREE WITH YOU THAT , SHORT OF A WAR WITH IRAN , OIL IS GOING AT LEAST TO THE MID $40’S AS THIS GLOBAL RECESSION /DEPRESSION DEEPENS . MY STOCK BROKER FRIENDS LAUGHED AT ME SEVERAL WEEKS AGO , WHEN I SUGGESTED $80 OIL SOON and $45 OIL WITHIN A COUPLE OF YEARS , WHEN OIL WAS TRADING DAILY BETWEEN $100 and $105 PER BARRELL .
I THINK THAT BOB PRECTOR IS FINALLY RIGHT WHEN HE SAYS TO HOLD CASH , SHORT THE S & P ,
AND RELAX ON A BEACH FOR TWO OR THREE YEARS . PRECTOR BELIEVES THAT WE WILL EVENTUALLY SEE ANOTHER BUYING OPPORTUNITY BETTER THAN IN MARCH OF 2009 , AND I AGREE WITH HIM .
AGAIN , THANKS FOR A SUPER TRADING SERVICE .
BEST WISHES ,
J.Y.