Is Bitcoin Stock a Good Buy?

Wednesday, May 24, 2017 | 0 comments »

The online currency Bitcoin has seen its price skyrocket lately. This has spawned a lot of other cryptocurrencies and over the counter stocks. One such liquid stock is Bitcoin Investment Trust GBTC. Is now a good time to buy bitcoin? I believe it is currently in bubble territory. It is heating up right now. There's mania. It's going to be like any bubble in history. The bubble isn't over yet but its not prudent to risk a big investment right now.

I anticipate a major crash at some point soon. The crash will be a great buying opportunity of Bitcoin itself. The chart analysis is telling me the end of the run isn't here yet, however it is getting closer. I alerted GBTC on my Twitter in early May. If you aren't following me on Twitter check it out!

Market Direction, ETF's

Friday, April 21, 2017 | 0 comments »

Major stock market indices continue to consolidate. It is prudent to diversify and take some risk off. Instead of traditional hedging stratagies like shorting I see more opportunity in low beta vehicles. This allows one to continue to stay bullish and capture any further market gains while hedging slightly. I really like difersifing onto gold GLD, US Treasuries via ETF TLT and alternative ETF CGW.

Technically gold and Treasuries are clearing resistance here and are moving inversly to the major indices. Water ETF CGW is also very uncorrelated to the market over the past few weeks. If there is a major crash history shows US Treasuries to be the best place for safety. In 2008 us treasuries surged. It also seems reasonable to allocate some of this bond position into foreign bonds.

I believe these three ETF's can add some diversity to a portfolio while giving it some protection as well.