If I had an hour TV show – save the hate – it could happen, the first 20 minutes would be disclaimers.
After that, today’s show would be all about the possibility of Nasdaq 3,000 and Gold at new highs.
Other than that Chinese ‘search’ hole of death of late Baidu (BIDU), my stock screen is green. They report earnings today by the way and it could go to 80 or 130. No idea. Just holding.
Internet – Yahoo the dog – check
Guns – Smith and Wesson – check
Consumer crap – Nike – checkamundo
Railroads – KSU – checktosterone
Gold and Silver – chacheck
Anyways, I was perusing my Degraaf Charts this AM and noticed this little gem. I have no idea how to make them look right here, but trust me it’s interesting.
It seems that no one owns tech ( I agree with that) and yest the Nasdaq is ominously close to cranking higher. As they say, something has to give.
I have been slowly dragged back onto margin in my stock account the last few weeks and although i am nervous, it feels right.
Shoot me some tech ideas if you agree! Buffalo Wings is not a tech idea FLY!