Saturday, February 18, 2012

Saturday Feb. 18,2012

Gonzalo Lira posts a good blog about the inflationary/deflationary ramifications of a war with Iran: http://gonzalolira.blogspot.com/

I looked through my defense stock charts. Here are the two that really stand out, besides Boeing.
Teledyne and L3. Teledyne is a picture of a long term uptrend. And LLL is a potential breakout.....



Oil us up around $103/barrel. USO chart:

And finally TBT has been giving me fits but I'm hanging in there with a long position here:
It is hard to reconcile a bearish outlook on the stock market and a long here.......
gh

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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh