Jeff Pierce

Market Outlook: Bulls Losing Momentum?

I wasn't suggesting that the market was heading back to March lows, but the indicators above were looking like they were heading back down to the area where there were in March. Obviously the indexes would follow, but even I don't try and predict that far in advance.

Let's start with a healthy 10-15% correction to get rid of some of the froth in the markets.

Don't Buy Yesterday's Hype

Thanks everyone for the endorsement. Timing the market is not about being right all the time, but being right when it counts. Of course I'm wrong every now and again Ranger, but my timing system kept me out of every major decline last year and 08' was a difference experience for me than most.

Best of luck to all in these volatile times.

Military Budget Changes Boost Defense Stocks

Maybe they know something we don't, such as Obama boosting our troop count in the middle east which would be awful and I'm totally against. They need to stop policing the world and bring everybody home.


On Apr 07 10:32 AM Philly Jim wrote:

> Dude -- the defense stocks should all be dipping right now, not going
> up. The DOD is cutting future contracts and freezing projects that
> are over budget or behind schedule. In other words, It's crunch time
> for the DOD. Add SAIC to that list above and head's up.

Why It's a Good Time to Consider Chinese Stocks

I'm not trusting anybody but the charts.


On Mar 29 11:59 AM notsosmart wrote:

> well-its your hard earned money.can you really trust this communist
> dictatorship that own us?

Why It's a Good Time to Consider Chinese Stocks

Sorry Adman, I don't subscribe to any subscriptions anymore. Years ago when I got started I did, but I actually enjoy creating scans and building my own watchlists.


On Mar 29 11:56 AM EX-AD-MAN wrote:

> Your list looks a lot like subscription newsletter editor Robert
> Hsu's - so I'm curious, has he added all of these solars recently?

Why I'm Not Ready to Join the Bull Camp

Fred,

I haven't stated I'm buying long positions to hold them any longer than maybe a scalp here or there. I'm fundamentally bearish on the economy and buying high and selling low is not in my trade plan.

You shouldn't be so quick to judge, in fact you should put your investment performance up on covestor then you can pass judgements because all your trading is out in the open.

On Mar 26 01:23 PM Fred Voetsch wrote:

> So you missed the move up and are now playing it long? I like that:
> buy high and sell low.

Worrisome Divergence in Gold, Miners ETF Charts

Hern,

I wish I could give you a detailed, value investor oriented response, but I trade only on technical analysis, and the charts point to lower prices right now. But if you're time frame is longer than a few weeks, then it's up for you to decide how to handle this position.

best of luck


On Mar 16 04:14 PM The Hern wrote:

> Jeff, how come GDX was trading around 50 when oil was at an all-time
> high and the price of gold was similar to now, yet now that oil is
> almost 5x less and gold is roughly the same price, GDX is trading
> around 30? Isn't oil/gas a huge component of the costs of miners?
> Why wouldn't this be reflected in the price of GDX? I jumped into
> GDX at 20 but I still see no reason yet to sell...

What Is the Tick?

I use stockcharts with the symbol being $tick.


On Mar 12 10:30 PM norespect wrote:

> where can i find the tick

What Is the Tick?

jack,

your absolutely right. i should have thought before I typed. will remember that next time i read one of these comments.

What Is the Tick?

agreed tck1. It's not what I would consider a primary indicator as I use it more as a confirming one.

What Is the Tick?

Gold theory

I've been trading for over 10 years,exactly how much experience do you want me to get? My record on Covestor speaks for itself. Have a great day and if you're going to be rude go comment elseware. It's people like you that make me want to keep my articles exclusing to my site.

This Morning's Bull Stampede: Proceed with Caution

I would have really liked to see a flushing out before we started moving higher. The lack of a true catalyst is another reason I'm cautious and believe that much of today's rally is just short covering.

I'm not going to remain stubbornly bearish and refuse to trade this rally should it morph into something sustainable, but I'm also not seeing any good long setups. Financials led the way today and it was more of a dead cat bounce than anything else.

All of my proprietary indicators are pointing down still (after todays rally) and sentiment among option players are extremely bullish (very bearish for overall market). This totally feels like a suckers rally to me.

I talk about a lot of this stuff over on my blog and there are posts that don't show up on SA. Hope to see you over there.


On Mar 10 03:06 PM joethebull wrote:

> Jeff, many analysts have been projecting an upcoming rally for a
> few weeks. Nobody has successfully predicted the actual start, but
> nonetheless the prediction of a sustained rally for a few weeks is
> echoed frequently. What indicators are you using to suggest that
> this current bull stampede is not actually the start of something
> sustained?
>
> Not criticising your conclusion, as I think your advice is very sage
> and well-suited for the market conditions. I just respect your opinion
> greatly and would love to know the basis for this particular conclusion
> within the context of the other analyst predictions.
>
> Thanks :)

The Bullish Side of the Market You Might Not Be Considering

Lioncub,

Thank you very much for your kind words, as well as everybody else that shares that opinion of what I do. And you are exactly right, I only offer up scenarios based on my observations.

I try to use what I've learned in the past to guide me in such a way as to help others who may have not been doing this as long as I have. I do not get paid to write any of this and have no vested interest in influencing traders.

No Good Reason to Buy

Being caught on ultra quick reverals like today is what you as a trader are trying to avoid. Many of those stocks are suffering big down days today and unless you were quick to take profits you could be stuck in losing positions as well. Respect this market and realize it must suffer a big down day (10+ percent) to cleanse itself before any significant rally can be had.


On Mar 04 03:00 PM drbob66 wrote:

> FLR is up 9% today. JOYG up 13%. AAPL up 4%. PFE up 6%.
>
> Yeah, no good reason to buy.
>
> Nice call.

Some Dogs of the Dow Need Replacing

hwood007,

It's one thing to have stocks that are beaten down, and it's totally something different to have worthless penny stocks that nobody really can invest in because of constant government manipulation.