Sidewinder…

• Post author:WHC Bassetti
• Post published:June 12, 2009
• Post category:Letters
• Post comments:2 Comments

We are now into the 28th day of sideways markets.  The last 9 days are especially ominous with the market coiling in a very narrow range.  Any minute all hell…

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Chinese rockets…

• Post author:WHC Bassetti
• Post published:June 8, 2009
• Post category:Letters
• Post comments:6 Comments

Instead of roman candles, Chinese fireworks. Over the past two or three weeks Chinese stocks have been rocketing upward.  We know from nothing about the fundmentals of these stocks, but…

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Oil has its reasons the heart knows not of….

• Post author:WHC Bassetti
• Post published:June 8, 2009
• Post category:Letters
• Post comments:1 Comment

We have been talking about oil for sometime.  DXO might be a good way to play it.  We'll be buying some ourselves.

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Bunch of ETFs. Check ’em out.

• Post author:WHC Bassetti
• Post published:June 6, 2009
• Post category:Letters
• Post comments:0 Comments

As everyone knows we are skeptical of the bear market rally. But as everyone knows we are not skeptical of charts, and the charts of a bunch of ETFs are…

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Here we go being clever again….

• Post author:WHC Bassetti
• Post published:June 5, 2009
• Post category:Letters
• Post comments:0 Comments

We're selling GLD   gold today, based on what might be an exhaustion gap up and downgap.  We think (based on gut, no analysis involved) that the breakout is not going…

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