Stocks To Buy On A December Dip
Notice the Flexibility for whatever the market direction. Both the VIX and SPXU protect against declines while the UDOW and various stocks are from the long side. Last week the UDOW long lost 10.3%. However the VXX gained 29.7%, while the SPXU added 10.3%. We said last week, The UAL has had a nice run but should now be sold. Last week we mentioned We would also sell the BELFB . We sold Canadian Oil Sands COSWF. The XOM was stopped out with a profit. We bought shippers in both wet and dry cargo.
Symbol | Name | Business Description | PE | P/S | MV mln | Price | Buy Limit | Stop Loss Or sold |
AA | Alcoa | Aluminum and Metals | 14.30 | 0.8 | 17.53B | 14.87 | 14.57 | 13.60 |
DSX | Diana Shipping | Dry Cargo Shipping | N/A | 3.7 | 611 | 6.63 | 6.60 | 5.60 |
STNG | Scorpio Tankers | Oil Transportation | 26 | 5.6 | 1.47B | 8.53 | 7.46 | 6.48 |
IIIN | Insteel industries | Metal fabrication | 29 | 0.7 | 411 | 21.64 | 21.22 | 21.22 |
KR | Kroger | Retail Food | 17 | 0.24 | 24.6K | 61.48 | 48.90 | 46 |
XOM | Exxon Mobil | Energy | 13.4 | 1.1 | 420K | 86.94 | 90.50 | 92.50 |
UAL | United Cont Hld | Transportation | 16 | 1.2 | 18.1K | 64.27 | 46 | 48 |
UDOW | Ultra Pro Dow 30 | ETF | 130.28 | 104.81 | 131 | |||
DE | John Deere | Farm Equipment | 9.4 | 0.80 | 29.0K | 86.56 | 80 | 83 |
BELFB | Bell Fuse Inc B | Electronics | 9.5 | 0.74 | 276 | 25.28 | 23 | 24.50 |
SPXU | Ultra Short S&P | Hedge purposes | 41.60 | 43.20 | 38sco | |||
DD | DuPont | Chemicals | 21 | 1.71 | 61.3K | 69.48 | 64.80 | 63 |
VXX | VIX Volatility | Hedge Portfolio | 33.86 | 27.10 | 26 | |||
MOS | Mosaic Company | Agriculture Chemicals | 70 | 2.10 | 15.3K | 44.63 | 42.28 | 42.70 |
Market Strategies Cycles
Just two weeks ago, executives from Goldman, and JPMorgan were hauled in front of a U.S. Senate committee and grilled about their "control of physical commodities and related businesses". http://www.zerohedge.com/news/2014-11-20/here-are-highlights-senates-fin...
Regulators fined six major banks a total of $4.3 billion (2.73 billion pounds) for failing to stop traders from trying to manipulate the foreign exchange market, following a yearlong global investigation. Gold might be trading at much higher levels if it weren't for their manipulation.
There is undoubtedly a large amount of rampant speculation by large moneyed groups including their high-speed traders. The CME Group just raised the collar on gold to $ 100.00. That means after it moves by that amount it ceases trading after a specified period of time. Could this latest move by the CME Group be a signal that The Banks will soon be forced to exit ALL of the metals and commodities sectors that they currently control? Maybe. We can only hope.
Let me begin this dissertation by stating that Gold is in no way in a bull market. It is in limblo.
Veteran gold trader Jim Sinclair quickly offered an answer on his website: 'Manipulation such as the sale of $1.3 billion dollars worth of paper gold at an illiquid time period today is not to protect the dollar or bull the general equity market. 'It is to make money for the manipulators that want here to cover their shorts and initiate to expand their long positions. That sale was a pure construct as there was no news to sustain the sell or to initiate it in the time span of its occurrence.'
It is not often that manipulation is so blatant. But the timing so soon after the Bloomberg piece on Goldman's bearish stance on gold is perhaps mere coincidence. Gold prices are up almost a $100 in the past few trading sessions while in percentage terms the advance in silver prices is a cracking 17 per cent to $17 an ounce, eliminating losses for the year. The recent sell-off in precious metals seems to be over with a massive increase in long positions in the Comex powering prices to the upside.
Why did the naysayers at Goldman Sachs get this wrong? A cynic might suggest they have been the biggest buyers having pushed the gold price down too far. More realistically what looked like a breakdown in the gold chart actually proved to be a capitulation bottom.
Let's consider a stock that mirrors the price moves of copper. The chart below has Global Brass and Copper Holdings (BRSS) prices overlaid on copper. This company primarily operates in the U.S. as a converter, fabricator and processor of copper and brass products. BRSS is not a mining company; they are essentially a recycler that produces sheet, strip, foil, rod, tube and similar products from processed scrap, used copper cathodes and other refined metal sources. Although based in the U.S., BRSS also has some operations in China, Japan, United Kingdom and Germany.
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This information is part of the December 15, 2014 Market Investing Strategies and Stock Options Trading Newsletter covering:
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Options Trading Alerts
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Where To Invest Your Money in 2015
Undervalued small cap stocks for 2015
Stocks to buy December 2014
Where to invest for profits in 2015
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