"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

Thursday, March 12, 2009

Bull

I do believe the market is telling us that the USD will fail the [back] test. If today finishes positive, this tells us that Hope '09 may finally be kicking off and the pump is on. How long it will last is another question. I have picked up a couple bull equities in the last couple days in sectors/markets I think can gain a bid in the current environment. More on these in this weekend's NFTRH24.

BTW, a quick note to subscribers: NFTRH will likely be out on Sunday as opposed to the usual Saturday. That is because Saturday morning we have a Karate tournament to go to that my daughters are participating in. It's the coolest thing. At the last one (their first), my younger daughter, who is normally pretty shy, got a 2nd place trophy in sparring. Quite aggressive I must say.