Devil in the Details

A week ago Friday the street was excited about the stimulus package. Last Friday as we awaited the vote things were not so positive. Investors exited positions coming into the Presidents Day long weekend and it would appear want more details before they put their money on the line.
We are however still in this trading range waiting for some direction. I know it sounds like a broken record but patience is key and rest assured there will be action soon. I am still expecting new lows and expect more individual stocks to pull a RIMM, slowly crawl a wall of worry only to be hit with reduced expectations and a slamming from the street. Be careful out there.

In the meantime although I did get out of gold last week I did re-enter on Monday but took silver for a ride this time. It is definately in a 3rd wave here, a beauty to behold.


In the meantime OIL and GSG continue to make new lows as we await signals to get long.