Shippers
“Lots of people know how to make money, but are not gifted in the art of preserving it. Frequently the same risk that was involved in making you rich is the same risk that can make you poor again.” – Fred J. Young
Stocks continue to act strongly with a major focus on the shippers, who I’m into.
I have been tweeting my trades all summer and fall and now it’s time to buckle down and open my real-time trading again where I become much more active, focusing on the fastest stocks of the day.
I will still be tweeting my trades @iTraderz until this real-time group begins in 2 weeks.
Miners also perked up today but the metals are not confirming that strength yet.
Perhaps it has something to do with the Soros disclosure yesterday that he upped his stake in ABX last quarter but there is no telling if he’s still in, so this may be a fake-out or sucker play.
(Click on image to enlarge)
Great action from SPY who looks set for new highs anytime.
A little rest would be great but there is no telling the way things are acting lately.
This may be the start of the major leg of this bull market before the blow-off top, let’s hope so!