Thursday, May 17, 2007

Case Studies by Jeff Kohler

Something worth sharing: some entries and exits with charts by Jeff Kohler (link).

Market seems incredibly strong, with buyers coming into every dip. Options expiration is tomorrow (Friday). It will be interesting to see if the bullish bias continues, or even picks up after option expiration.

If I had to buy today: EWJ Japan Fund ETF and BRKB Berkshire Hathaway
If I had to short: AMZN

Gold continues to be high risk, low reward for longs. Clive Maund observes a continuing large number of commercial shorts and speculator longs, making for very high risk for short term longs at Kitco Commentary (link). I don't see it as a good time to be short gold either.

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