Percentage of DEBT to GDP : 104.17
Shiller P/E : 28.2 (68.9% above historical Mean)
S&P, DOW J near record HIghs
ETFS are no safe haven.
www.sec.gov
Wheres the market going?
I have no idea but based on historical data we can see some clear indications that should be alarming to those conservative investors.
Based on technical data if you zoom into 2016 we...
Completion of reverse split saw consolidation about 1.90 and looking like its going to jump to 2+. Going to buy on any dips below 1.9 to lower cost basis. 6 month PT @ 3.00+.
Oil locking into this channel over last couple of weeks and were going to see more of this continued pattern volatility. Anything converging above red line is a short and any diverging below will be a long. Emphasis on the down side.
Following this simple step down procedure over the next week, I am assuming we will test 13.25-30 in the next day or tomorrow followed by another dip in the weekly low and retrace to test the 1320 area until more information comes out about our economic outlook throughout the week.With good support levels around 1313-1310 are broken we can see further down side...
The simple fact that rexx is still actively fracking and exploring for natural gas, and managed to surprise analysts with the latest ER is a good sign for times to come. I personally feel that Rex is undervalued. I will be accumulating Rexx and I wouldn't be surprised to see a 2X+ return on that investment within the next couple of years once the pipeline...
I've taken positions in SLM in the past and think we may see a small dip here in the next few days followed by a continued rise in price until the eoq. I would keep an eye on unemployment and interest rates as they will indicate the ability of slm debt holders ability to pay back on their loans.
Im going long on Insy. I've been tracking and accumulating small positions over the last few months(with a purchase at 14.80 & out at 17 most recently. ) and I think this is going to break out of this current zone and enter into a new era leading up to the end of year DEA rescheduling. This will track around 25-30$ until then and we may see it revisit levels from...
