The Inflationist - Making Money in Stocks, Bonds, Forex, Commodities, Agriculture

Sign In


Subscribe to The Inflationist

Posts Tagged ‘ General Electric ’

Jun 25

Dead Cat Bounce ?

Filed under Stocks, Technical Analysis

We are closing out on our long German Dax at 4840 - taking a profit of 93 points (after spread) x $5 ($465). The Dow is now at 8480, the high of the night and up 2.2%. Looks like our order to open at 8500 will be filled soon. We are concern this will go higher to squeeze the bears who have been talking very loud of late. This reversal may take a few days to roll over to suck in more bulls. 8600 is within reach, so if you plan to start shorting, be sure to have fire power to hold out to 8600. We will move our order to short to 8550. The Euro/NZ needs to collapse more before markets collapse (which usually leads to Euro/NZ going up). 2-3 days of trying to break above the 8600 will be good enough for the Euro/NZ to seal its fate in a continued downtrend. Using the Warren Buffett Index as a benchmark, our WBI portfolio is down quite significantly. Conocophillips (COP) and General Electric (GE) are below levels of WBI’s inception.

We wrote 3 hours ago:

We expect markets to remain volatile, and will not be surprised if the Dow recovers. The Euro/NZ is down and Gas is starting to recover - which could be a leading indicator that markets may reverse tonight. Bad news at the start of trading which send markets acutely lower usually is a false move. Rarely, it goes down and stays down. We just opened a long Dax at 4745 (minus 100 handicap is good enough for us) at $5/point. We will take profits (at least half) if the Dax does an intraday reversal.

All entries filed under this archive

Friday Analysis
no responses - Posted 06.19.09
We partially (10/point) closed our NIFTY shorts at 4200 - $1420 profit. The mighty Indian have fallen for 3 consecutive days for almost 9%. Although we expect it to go down further, we hope to reshort at higher levels after a bounce. The Dow is currently at 8600 - resistance ...continue
Should I Invest in General Electric (GE) | Complete Overview of General Electric
2 responses - Posted 04.21.09
"GE is the symbol of American Business to the world" - Warren Buffett. For years Warren Buffett sat on his pile of cash and waited. And waited. In the midst of this economic Pearl Harbor whilst everyone was running for the door, Mr Buffett invested $3 billion dollars in GE and ...continue
Markets Fall Monday | Investing in Natural Gas
no responses - Posted 04.20.09
Markets have turned (finally), after 5-6 weeks of rallying hard. Even though we were confident we were topping or have topped, we were hoping for markets to rally first prior to opening more SHORTs as per our trade plan. Our Dow Jones target of 8137 was close to the top ...continue
Thursday Turn
1 response - Posted 03.26.09
Last nights 300-point roller-coaster ride would have shaken off quite a few longs and shorts - clear manipulation at play. We held on tenaciously to our last Dow long position, but do aim to unload it tonight as close to out entry 7950 as possible. We will accept a small ...continue

All content and source © 2008 The Inflationist - Making Money in Stocks, Bonds, Forex, Commodities, Agriculture |