Jan 3, 2017

Oil is Building a Lot of Support Above $50

That trend is going to continue. Oil is building a lot of support above 50 dollars a barrel. We are trading between 52 and 54 but I think we are heading higher in 2017. (United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE))

Jan 2, 2017

The Dow 20,000 Party Will Have To Wait

The Dow Jones Industrials Average (DJIA) 20,000 party is going to have to wait till 2017, although I would not necessarily buy a ticket for January as he will see if the sell-off that started last week may resume in this first week of the New Year. (SPDR Dow Jones Industrial Average ETF (DIA), SPDR S&P 500 Index ETF (SPY), Nasdaq 100 Index ETF (QQQ))

Dec 28, 2016

Gold: We Will Have A Bull Run Next Year

I think we will have a big bull run next year. I think next year gold will finish the year strong as opposed to having this Trump related sell-off. (SPDR Gold Trust ETF (GLD), Market Vectors Gold Miners ETF (GDX), Market Vectors Junior Gold Miners ETF (GDXJ), Newmont Mining (NEM), Barrick Gold (ABX), Goldcorp (GG), NovaGold (NG))

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