For what its worth this market's indecision is helping me cash a little on both the long and short side with out much waiting. The market can start off down two hundred on the DOW and manage to break even by end of day. What this has created is day trading opportunities. Not a type of trade I like settling into because it is effecting my main job, nothing to do with stocks, watching tick by tick every minute to pin point tops and bottoms.
We are set for something big either up or down and all participants are picking a side. I on the other hand have been going in and out of stocks which will make an interest end of the year tax return.
For now I am long AG @ 13.85, and it got as low as 13.70 and wish I was in front of the computer to command the trade. I see silver and gold prices actually raising on what is to start a terrible down day on stocks. With anticipation for more stimulus from all countries due to Europe's' problems I believe gold and silver prices will have to increase. Also since the past two months commodities prices have been hammered yet in the past week prices stabilize. I was in EXK last week and got out with a small gain. I expect AG to get near 14.50 as a good point to re-evaluate the trade. I anticipate to hold onto the stock for some time if the world really ends and AG falls way below by bought price because I don't have an exit plan.
QQQs and DJIA Correlation Turns Strongly Negative
4 months ago