Seeking Alpha

Thomas Kelly's  Instablog

Thomas Kelly
Send Message
View Thomas Kelly's Instablogs on:
  • Big Selloff A Possible Technical Top
    A big down day on higher volume...deteriorating breadth of late...First negative economic news in a while with China downgrading their growth forecast and negative PMI for the month. Looking more and more like we're setting up for a negative surprise for equities and a potentially big ramp for the USD. Possibly a tough time for commodities although oil acts relatively strong due to Iran and gold holds up on the reintroduction of the QE3 idea.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: GLD, USO, UUP, dollar, gold, oil
    Mar 07 1:48 AM | Link | Comment!
Full index of posts »
Latest Followers
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.