Ricks Picks header image

Nervous Tedium

1 comment

It’s hard to say who got the worst of it yesterday, bulls or bears. Although the broad averages declined moderately, the selling did not significantly impact any of the ‘lunatic stocks’ save Chipotle. With the outlook for Wednesday looking like a coin-toss bet as we went to press, I’ve advised only a cautious play in the E-Mini S&Ps. However, if the stop on the trade is hit, that could herald a promising day for shorts.  As for Gold, although it may have acted like it was sedated yesterday, the bigger picture remains encouraging.

Please do not ask trading questions!

  • Bob Harvey March 8, 2016, 8:29 pm

    With gold only down a little, the junior miners and explorers were pummeled today. Just a little profit taking, or something else?

    &&&&&

    The juniors, understandably exuberant over physical’s ability to sustain a rally for more than the usual week or two, got a little ahead of themselves is all, Bob. RA


Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Join our Take Request Session on May 04th!

No, I'm not Interested

Do you want up-to-the-minute technical analysis and forecasts for your favorite stocks, commodities, ETFs? Join our Take Request Session on April 20th!

No, I'm not Interested

Discover WHY Crippling DEFLATION Is Upon Us and Your Best Wealth & Financial Defense Plan Against the Looming Collapse!

Join Us Friday, Mar 19th @ 1pm ET For a Live TELL-ALL Webinar

No, I'm not Interested

Free Butterfly Spread Video Training

Discover an ultra-easy trading strategy that delivers darn-near-zero risk in this free 1 hour video training.

The Story You Haven’t Heard About the GameStop Saga...

Join Us Thursday, Feb 11th @ 12ET For a Live TELL-ALL Webinar

No, I'm not Interested