General Stock Ideas

[bigworld]

scstocks: We're still building a base of support, turnarounds are usually not one day events. I would use any market weakness to buy GDXJ, KOL and XME. They reliably rise twice as fast as the indices during upward markets. And I think the overall direction will be up, perhaps thru the week of the 4th of July. I expect a new intermediate nominal high in the S&P, enough for the chart slaves to think we're in an upside breakout and for the momo crowd to go long. I think that would provide the necessary pent up energy to cause a reversal and a 30% drop in equities between July and October. Todays late sell off looks to be A drop in the Euro and strength in the Dollar which caused a sell off in equities and commodities. But it will be short lived. Don't hold your shorts too long.