Follow Up On Shippers

DRYS made the push I was looking for in the last post. That was the move. FREE still has light sell volume on this consolidation so the set-up is still there on a strong intra-day move on volume. It needs to run to atleast .26 tomorrow before it is a good set-up. It needs to atleast break above the prior days high.

Watch The Baltic Dry Index and Shippers

The Baltic Dry Index has formed a little base recently. It is far from a confirmed bottom but it has held this area very well. Very big blocks of shares have come into the shippers that haven't been seen in awhile. I really like NEWL FREE and DRYS with a long bias here. Watch FREE, DRYS and NEWL this week.

Gold Technical Analysis January 2013

Gold is still in a secular uptrend. The yearly charts are a lot more choppy. There was a spike bottom in the chart below that is getting retested. I don't see any good signals here because of how choppy the long-term chart is. Crude oil is equally range-bound and in an uptrend the past couple weeks.

Some Cool Economic and Market Videos

Economic discussion on currency and gold from the most unique economics blog on the internet. Below is a short talk about market cycles, bubble jumping and the challenges of pure investing. The video quality is bad so just listen to it. Part 1 Part 2 Part 3

Quantitative Easing and The Stock Market

As you may know it is widely hypothesized that quantitative easing has contributed to the rise in asset prices the past couple years. Here is that in pictures.

click to enlarge

I think in the near-term any QE3 would probably more than likely continue to lift assets. I find now that getting a grasp on major economic trends locally and globally can make industry and equity selection much easier as well. As any QE continues stocks and commodities will rise especially metals like gold and silver. Same dance, only a new song.