Happy Labor Day Weekend!! The market experienced a nice change in the sentiment this week, pretty much in accordance with my forecast, which we’ll review tomorrow. Tuesday’s weekness gave the market a quick headfake. Nevertheless, we had another very nice week, with only 1 trade in the red. We used puts on V as a [...]
Daily Archives: September 5th, 2010
Baltic Trading and the Baltic Dry Index
September 5, 2010 – 8:46 am
New shipper company Baltic Trading (BALT) completed its initial public offering on March 15th. The new company immediately took its 228 million and began buying ships – a selection of cheap ships of varying sizes. Was this really a good time to do a shipper IPO, with shipper stocks suffering the disdain of the market? [...]
A Grand Week For Stocks
September 5, 2010 – 8:44 am
A super turnaround this week as the bulls took charge when the 1040 level held once again. This area, an old support/resistance area from earlier this year was tested three times, but that was the charm. Late Tuesday in trading we saw some big buy orders coming through, the last 10 minutes in fact…vaulting the [...]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
