Tuesday, January 5, 2010

Time To Sell Stocks

Hi Folks,

I belive you need to exit the equity markets over the next 3 days. The technical move that I saw in my charts is coming to an end. I thought we might carry through March intially but now it appears as though the ride is over.

I still believe there is more room to the downside in GLD. The dollar looks poised for a new breakout to the upside. It will be short lived(a couple of weeks) and then I would recommend exiting the short GLD position and taking a short term long position in GLD at that time.

I am also recommedning that you exit the long USO position in the next few days as well. Although it has risen in the face of a rising dollar, I am willing to take my profits here and reevaluate in the coming weeks.

For the record I am still long AAPL but more cautious due to the outlook on the rest of the market.

I will also be exiting my long positions in BAC and GS in the next few days. With a quick 10% gain, I can live with those profits.

I will keep you posted.

Thanks and Good Trading,

Tim Winters

Sunday, January 3, 2010

Time to Buy the Financials

Hi Folks,

The old saying "as the financials go, so does the market" should hold true. I know that there is a lot of concern about the financials in the coming year. I share some of the same concerns. With that being said, NOW is the time to buy the financials. Looking at the XLF, we are poised for a breakout. Same goes for many of the individual names. I like BAC and GS here.

I will keep you posted.

Thanks and Good Trading,

Tim Winters