Thursday, February 23, 2012

Things looking surpisingly strong.

Looking around this morning.
Copper strong. Silver and gold remain strong
The speculative favorites from years ago showing signs of life. Are the "animal spirits" returning to the market. It is still early. But..... ADY, FCEL, BLDP, NATI, NVAX, DRYS, the specs.....
CDE may breakout here. It was a favorite a couple years ago. I remember they couldn't pronounce it on CNBC. (kor' duh lane) It is up in Idaho.....

Biotech is hot.
But Dr. Copper is the big chart.



Copper looks to cross above the 200 week moving average......
And finally, TLT finally looks ready to go down. In the past the up days numbered 3 to 4 in a row. Yesterday stands alone, so far. There may be coming an "Oh no!" moment soon when the longs realize their error. Also know as a "Minsky moment" I think. LOL


We'll see.
Control your risk.
gh
EDIT: @ 1107 PST....TBT is giving ME a Minsky moment today!  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