Saturday, August 23, 2014

Still in Limbo

The Catholics have this wonderful place that is between heaven and hell. It's called limbo. We are still drifting around in a narrow range that is neither heaven nor hell but somewhere in between. Following the charts I went long Wednesday on DDM at $122.14. Chart below. 

 Updated Model Portfolio is posted below. As you can see my short of crude oil is up 13.61% in just a couple of weeks.


DDM100122.14122.61$-39.00$+47.00+0.38%$12,261.00

SCO10026.3829.97$+20.00$+359.00+13.61%$2,997.00

Total


$ -19.00$ 406.00 2.73%$ 15,258.00
 I still feel we have correction coming up between now and November with a monster blow off rally after that which will bring the Dow up to 20,000 before the whole house of cards comes tumbling down. I think we are ok out to early 2016 but before the next Presidential election things are going to get very ugly. As usual I'll keep you posted.

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