"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, April 12, 2010

RUT [not] Roh

Small caps are in the middle of a thick zone of resistance, setting sights on its upper boundry. The target off the inverted H&S is just above and our projections for a potential next leg up for this and many other markets are out the window, for the next year or so at least.

So enjoy As-Good-As-It-Gets '10 for however long it lasts, because this expression of hope and greed could not even afford a healthy interim correction.

Risk v. reward? We know what that profile looks like.

NFTRH is holding two small cap stocks ($185 M & $358 M) outside the precious metals and uranium sectors. But they are 'bottom feed' type plays like the now departed JOF. If ya can't beat 'em, I suppose you join 'em for a while; with limits and rules.