An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Monday, November 12, 2007
JBLU
Because I just can't get enough, I bought back JBLU this morning at a significant discount to where it was unloaded once the XAL broke down. Will watch this trade like a hawk, but that capitulation JBLU (and the XAL) made last week looks interesting and this sector remains a 'bearish on oil' play. But it's just a trade... again. Separately, the gold miners are getting clobbered and gold is doing what our over bought charts (& CoTs) said it might. Worried? Not me.