Catching Up

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I'm going to make this a real blog again, for several reasons:

1) I'm making a conscious decision to *not* fuss about intraday market activity. I can do just fine fussing after market hours. Then I can focus more on being a musician and and daddy. I find I waste endless hours accomplishing very little, money-wise and other wise, when I stare at the averages all day. It's bad for ya...rots your brain...

2) I'm not going to spend so much time at www.SlopeofHope.com, because recently I got verbally mugged by a thug, after which I started to get verbally scrappy and he started to get extremely personal with his insults, after which I started to get a bit twisted. So obviously it's a moderated board only if one agrees with Tim all the time...otherwise, idiots rule. I could get into it, but then the prospect of another pointless flame war caused me to leave the field instead. I don't mind criticism at all, but I do mind rudeness, and boorish attacks...I mind that quite a bit, and that in itself is enough to make me change my computer habits. I'll miss my on line buddies, but such is life and all.

3) I'll instead post my general thoughts on these markets here, not as fancily as Tim, because I have neither the time nor the inclination to get so fancy. Besides my trading isn't so fancy either, and I like it that way.

Big themes on my mind: commodities, inflation, the US dollar, the prospects for the major US averages and the major international averages, leading sectors, lagging sectors.

Leading sectors are easy: commodities, energy, and leading growth stocks. When I go long again, these sectors will probably get my major attention.

For Example, here's First Solar, a leading solar stock...

Notice that the current round of weakness seems relatively minor so far in the greater scheme of things.





Now FXI looks somewhat similar, which is not surprising considering FSLR is chinese.
NB a couple of things about this chart: 1) FXI has already had a hellish multi-month drop. 2)bullish MACD cross 3) weekly slow stochs growing more oversold as the weeks go buy. 4) IMHO a break above 160 is very buy-able, not sell-able!



That's all for now. I'll get into the weakest sectors (financials) a bit later.





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