- Rank: 15
- Followers: 88
- Votes: 414
- Years Member: 11
- Last Update: 28 January 2020, 20:55
General Market Commentary
Gold JNUG ***** TRADE THIS 1 Hr 45 day Area, 1280. Silver down hard. Trading these as usual is always fast, fast, fast. Broad market trying to get legs... but chart of $BPSPX says not yet.
Last week: SOXL and TECL were hot, hot, hot.. This week: not, not, not... Are we at a turning point in the US and global broad markets?
Reasons to possibly acknowledge this: Above average P.E. ratios, ample cash with extended low interest rates for company buy backs, huge borrowing for margin accounts, market greed, political turmoil, extended debts of many types and now a new coronavirus trying to mutate abroad with chance to mutate world wide.
So here one needs to proceed with caution.
When trading, if price drops below purchase price, sell and wait for another entry. Patience and Discipline... Patience and Discipline... Patience and Discipline..! ! ! . Whew! Amen to that! Have a safe and fine day. Will be away from the markets some with phys. ther. for Nancy. Appreciate the support and votes.
Jan 24 Fri 10 am > Nancys knee surgery went well! Home yesterday with a walker and today using her rollator. She will have phys therapy 3 days a week for about 2 or 3 weeks. All a Blessing from the Lord.!
Nancy and I are celebrating our 53rd wedding anniversary! And the old man being home from Nam 54 yrs ago. All a Blessing from God!
Proverbs 3:16 Blessed is the man who gains wisdom, the man who gains understanding.
The gift of giving is good, the gift of learning is great.
Acts 20: 35. It is better to give than to receive. Wealth is good, health is better, and God is Great!
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