Watch For Clear GLD and SLV breakouts to buy and/or add to longs Chart 1: Nice high volume rally in gold puts it on the edge of a confirming breakout. Courtesy B ... Read more

We’ve been 100% sidelined in T-bills through this incredible market meltdown and now we should look for a possible base – for either a catchable bear market rally into year-end or possibly something more. We’ve had a 90% up-day in terms of volume and breadth and minor follow-through. W ... Read more

Hanging Out on the Fence Until the Fireworks are Over We've been emphasizing being fully on the sidelines in T-bills in recent columns and this market environment is a good illustration of why.  Shorts get decimated when short-sale rules are adjusted or bailout package rallies unfold ... Read more

Sidelines Continue Looking Good In our last article we suggested taking profits on dollar longs and short commodities and moving fully to the sidelines.  One of the beautiful things about investing in markets is that you can pick and choose when to take a risk, and WHEN NOT TO.  ... Read more

Let's take profits on dollar longs and any short commodities for now   Chart 1:  EUR hitting monthly trend-line support here - take profits long dollar UUP.  Courtesy Bloomberg We've suggested long UUP since the dollar broke out.  However the dollar is getting wa ... Read more

Market Needs to Show Volume and Breadth To Signal Next Move. The stock market is gyrating in summer doldrums without much external movement.  Breadth has been poor on both the upside and downside.  Stocks will need to breakout or breakdown out of their recent range on strong volu ... Read more

Watch Interest Rates Next For Clue as to When Downside Risks Dominate Again. In last week's column we suggested watching to dollar for an upside breakout and going short the Yen or long the JPY.  We suggested buying UUP if the dollar broke out.  As you can see from chart 1, the d ... Read more

Watch dollar longs and commodity shorts. Weeks back we wrote an article suggesting all kinds of actions to take should the dollar index clearly break down under 71.80.  But the dollar never closed below that level, and now it is not only threatening to breakout on the upside over 74.50 ... Read more

Watch oil, the dollar index, and bonds for clues. In our last article we discussed the importance of oil and its first critical support level.  Crude broke its first support level (130 level basis nearby crude in chart 1) to signal an intermediate-term top that may prove to be a pre-r ... Read more

Potential other asset class trades to watch during bear market In last week's article we talked about the market transitioning from a 2-way market where select longs against select shorts was an appropriate strategy, to a more bearish biased one that was more difficult.  We suggested ... Read more