Still listening

The markets are quiet. Investors have been lulled back to sleep after the bear raid. The low volume melt up has been astonishing and yet again record setting. The megaphone (topping) patterns I've been watching are quite astonishing. (Target of pattern is 1740 on SPX). Stay alert. These same patterns are apparent in the Dow and more or less Nasdaq .The R2K is rolling over in its own manor as well. Stay alert.

http://www.zerohedge.com/news/2014-11-12/sentiment-charts-bullish

Check that out as well.

While the easy way is to follow the crowd; because the crowd is usually right; for a period of time. At some point one needs to ask themselves what is more important; preservation of capital or return on capital.

Another good read on the current markets and the over used word ; polar vortex.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/11/12_Massive_Volcanic_Eruptions_Wreaking_Havoc_On_The_World.html


My market views:

I'm still bullish on the miners. That is my bias and my theory where I believe significant value lies. I continue to say accumulate. I don't see any major sustainable moves higher to begin until gold is above 1400. I've said this many times and I still continue to see that as the level that will entice big money back into this market.

I'm still bearish the broad markets. The risk reward is not there to be long unless your a money manager forced to meet your benchmarks (article attached). It makes sense.

I'm still bullish on India big time. With Modi's presidency and the growing middle class. You have to be long time accumulator of Indian shares.

I'd like to begin buying these nat gas related shares on dips. (EOG).


Still believe the market is topping here which will take some more time to mature. Signs continue to mature.


The quality over crap ratio (LQD:HYG) continues to trend higher since the turn of this year.

It's been noted that when Dow outperforms; the ending stages of a bull market are nigh.