Markets rose again as nothing seems to stop the bullish momentum (this happens when the FED is literally printing money). The only exceptions were some commodities such as gold and oil which declined slightly. The API oil inventories came out after the close which naturally showed an increae of 1.6 million barrels. This is the 12th straight increase in the weekly inventories but nothing seems to matter to crude which seems oblivious to market fundamentals. Natural gas enjoyed a rare up day and remains one of the few commodities I am willing to buy.
While I am not terribly bearish I am waiting for a significant correction before establishing any new positions. I am looking at NPK, ATRI, LZR, ACFN, and POT to buy on a pullback. I am also coming up wih a list of junior miners to purchase.
Black Swan Insights