Friday, October 11, 2013

End of Week Review

Today is expiration.  What a ramp job.

I wonder how many bears were salivating over their put profits which vaporized into burnt bear?

Usually Thursday and Friday of Expiry are fairly boring with some quick ramping action to scare people out of option positions.   This one was not like that! 

Then usually after Expiry, Monday and Tuesday show some big moves.   Not sure if that will happen here as this has been atypical.   

Below are an assortment of charts and indicators, all are proprietary ratios or charting methods.

I went long gold futures based on the Egg Pierce and the Bernoulli 50 support.

Palladium looks like a no brainer long, and it has a great story, plus it has an excellent inverted head and shoulders and we are at the end.  


Thursday, October 10, 2013

Feds keeping their media "communicators" paid with $445M

Bottom line---control over the media is more important than paying the families of those who gave their lives for their country.    
Funding for clinical cancer trials and other life-saving research under the National Institutes of Health was cut off in response to the government slimdown, but it looks like the cookie monster will still be knee-deep in chocolate chips (or is it carrots now?)
According to the Daily Treasury Statement and first reported by CNS News, the administration dished out $445 million to the Corporation for Public Broadcasting (CPB) on the first day of the slimdown, which means funds for the likes of PBS Newshour, NPR and “Sesame Street” are being spent before cancer research.