Archive - Dec 28, 2009 - Blog entry

Today's market action was rather uneventful, however "lazy" days like today can often provide highly accurate and effective trading signals as a direct result of price immobility within narrow ranges. With a practical knowledge / understanding of technical analysis, one can utilize such signals to profitably scalp futures, stocks and ETFs with ease.

The Abu Dhabi Investment Authority and CPPIB are reportedly planning to make a joint bid for EDF Energy, the giant U.K. electricity distribution network owned by France's Electricité de France.

In this 12.28.09 edition of the Fibozachi Technical Update (FTU), we present 10 technical profiles of Gold, Silver, the US Dollar Index, the VIX, the BKX (Bank Index), GS (Goldilocks), SKF and the Cult of Cupertino, er, crAAPLe, er, (snap crackle) AAPL.

Feed the ducks while they're quacking

If we tackle all flawed arguments against gold on the basis of logic and from the perspective of understanding that from time to time, bankers execute artificial schemes to depress the price of gold to serve their own purposes, then it should be quite simple to ignore your local politician and economist when they tell you that you shouldn’t buy gold because it is a bubble.

So, now the buy side becomes the sell side?!?!?!
I am here to weigh in on the increasingly popular marketing battle over GGP's (General Growth Properties) value in, and out of bankruptcy. The players in question are Ackman/Pershing square - long the company's stock, Hovde Capital Advisors - short the stock, and Reggie Middleton - the original player! [and the first guy to call GGP's downfall two years ago at $55 with an investment grade rating and multiple sell side buy recos!] Being an early mover who was right, and having no position in the stock now gives me a position of credibility to pick a winner in this fight. And the winner is...