Subscribe in a reader Crude is pulling back here let's enter a 1/4 position @ $37. ITZ was and continues to target $36/$35 to add to position.
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Wednesday, January 23, 2013
Enter Proshares SCO- Short Crude Oil
Subscribe in a reader Crude is pulling back here let's enter a 1/4 position @ $37. ITZ was and continues to target $36/$35 to add to position.
Tuesday, January 22, 2013
Lower Crude Prices- Time To Enter SCO?
Subscribe in a reader WTI Crude Oil nearing $97 today, it's been trading in synch with the S&P500. ITZ is looking for a bit more upside but a near term pullback to come.
click on charts to expand images
CNBC's Sharon Epperson discusses
the day's activity in the commodities markets as oil hits a four-month high. And
Nebraska's governor approves a new route for the Keystone pipeline.
Monday, January 21, 2013
ITZ Index Update - Overbought?
Subscribe in a reader ITZ takes a look at several index indicators, markets look overbought nearterm.
Tuesday, January 15, 2013
Apple Trades Below $500
Subscribe in a reader Apple reports Q1 '13 earnings next week, company CFO guidance is for $52 billion revenue & $11.75 diluted earnings per share.
Q1 2012 were $46.3 revenue & $13.06 eps.
The street estimates are $54.4 billion & $13.40 eps.
Phones sales have been reported to be strong, Q4 '11 Verizon had 4.2 million unit sales, currently they see 5.2M; AT&T 7.6M currently 8.1M a total increase of 13.6% from both companies.
ITZ believes Apple will beat the street number coming in closer to $14.00 earnings and $55 billion revenue.
What Apple’s Stock Price Says: Murphy LINK
Tom Demark, founder of Market Studies, says the Apple rally
could be more than 20 percent.LINK
ITZ posted this chart 2 months ago
A shift in Apple's growth rate means "tremendous turnover in the shareholder base," Sanford Bernstein's Tony Sacconaghi says.
Saturday, January 12, 2013
Silver Is A Buy...followup
Subscribe in a reader ITZ follow up to its recent post Silver Is A Buy
Looking a the Euro correlation to the Gold Silver Ratio (G/S Ratio). ITZ favorite play remains Silver Wheaton (SLW).
Monday, January 7, 2013
ITZ Portfolio Update
Subscribe in a reader ITZ Current suggested positions:
Apple AAPL entered 1/4 positions 5/17/11 @ $539; 7/23/12 @ $588; 7/25/12 @ $572 & 10/9/12 @ $626 = average cost basis $581. Chart
ITZ has posted several posts and continues to be bullish on Apple most recent post link
Apple reports Q1 '13 eps on January 23 2pm PST Company estimates call for $52B revenue & $11.75 eps. The street is looking for $54.4B & $13.40 eps. Key number to be watching will be 'margins' read report
Kodiak Oil & Gas KOG 1/4 positions 12/3/12 @ $8.25 & 12/31/12 @ $8.50 with a stop @ $9.00
Chart Post
National Oilwell Varco NOV 1/4 positions 12/12/12 @$66.75 & 12/14/12 @$65 Chart Post suggested stop $69
Silver Wheaton SLW 1/4 position entered 1/4/13 @ $35.10, plan to add to position down to $33 Chart Post
*First Solar FSLR was stopped out 12/7/12 @ $30 for a 5% gain
Proshares Ultra Crude Oil ETF UCO 1/4 position 9/19/12 @ $32; 1/4 position 10/11/12 @ $31 & a 1/2 position on 10/15/12 @ $29.75 avg cost $30.60 Chart STOP on entire position @ $29.50
Gold Oil Ratio Stochastics & RSI on weekly chart are signaling SELL, lets use a trailing STOP on UCO - currently $29.50. ITZ has a $35 PT. Most Recent UCO Post
Friday, January 4, 2013
Apple Update
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Apple appears to be setting up a Falling Wedge pattern, it reports earnings in 3 weeks that could provide the catalyst breaking it higher.
WTI Crude Oil Hitting Resistance
Subscribe in a reader WTI Crude Oil hit the $93/$94 target and most likely could see a pullback here towards upper $80s. But a break above this resistance places a price objective of $100 a barrel.
Oil slipped on Thursday, after prices hit 11-week highs, on worries about looming U.S. budget battles and signs of growing concern by the U.S. Federal Reserve about buying bonds to spur economic growth. The uncertainty because of the budget cuts and the ceiling debate seems to have tempered the markets' enthusiasm that things were getting better and that's why things have stalled.
Data from the American Petroleum Institute, released on Thursday after the settlement, showed crude oil inventories tumbled by 12 million barrels last week, led by declines in the Gulf Coast, where refiners typically draw down stocks for end of the year accounting purposes. U.S. government's Energy Information Administration (EIA) data out at 11 a.m. today.
Thursday, January 3, 2013
Silver Is A Buy
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Silver almost tripled since the end of 2008, lagging behind only platinum in gains for precious metals this year as policy makers from the U.S. to China to Europe pledged more action to boost economies. That’s attracting investors betting that stimulus will stoke inflation and debase currencies. It’s also luring those wagering growth will strengthen industrial demand for silver, 53 percent of which is used in everything from televisions to batteries.
Read More
ITZ favorite play in the silver market is Silver Wheaton (SLW). Having traded it in the past has proven very profitable.
Silver and SLW are attractive here, we had a nearterm run up & today a sharp selloff on Federal Reserve news. But ITZ is basing the rise on silver as well as gold on the rising debt ceiling. The upcoming problem Congress will face, will most certainly mean our nation will raise the debt ceiling...again.
ITZ favors silver over gold and in the silver sector Silver Wheaton (SLW) is best of breed.
Wednesday, January 2, 2013
Index Review 2013
Subscribe in a reader ITZ posted this $SPX chart earlier today on Twitter
Looking at the QQQ (AAPL) & RUT
Proshares UCO Hitting Resistance
Subscribe in a reader Proshares Ultra Crude Oil (UCO) is testing resistance around the $30 level. ITZ believe it has more upside targeting $35. The GOR Gold-Oil Ratio chart as posted in previous posts, although raising a caution flag, still has some more to go. ITZ average cost basis $30.60 on UCO.
Thursday, December 27, 2012
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