MTCH, Match.com / Match Group Inc. Update

 

The Match Group (MTCH) owns many major online dating sites, from Match.com to Tinder to OK Cupid and Plenty Of Fish. 

We posted a chart of MTCH in mid-June which showed a potential breakout to all-time highs.

That happened, and this week MTCH was again hitting all-time highs as can be seen on this chart:

We remain long MTCH at a cost of $12.14 since early May of this year, and will hold on to the stock at least while it's trading above the green trend line shown on the chart above. 


 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Shorting COF, Capital One Financial

 

On the COF chart below we see a trend line of over a year being tested:

We believe that line will hold and sold COF short at $71.90 today. 

We'll cover if it rises above $73 and may even consider going long in that case. 

This level would also correspond to the stock crossing above its 200-week moving average (not shown in chart) which also currently argues for immediate overhead resistance along with the trend shown above. 

COF pays a quarterly dividend of $0.40 which shorts will be on the hook for if remaining short the stock past the next ex-dividend date in early November. 


 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Coffee and QID Update

 

In late November 2015 we turned very bullish on coffee, at around $122 (black arrow on the chart below). 

Click here to see the charts and commentary.

We posted an updated chart in late February of this year, just a few days before the low of the year, as can be seen on the JO chart below (black arrow is our entry point).

In mid-March we noted that coffee had broken a 1-year downtrend.

In early June we had to re-draw the 1-year trend line, shown in green on the chart above.

A week later coffee had shot 20% higher, to $147, and confirmed the break of a 1-year downtrend.

By mid-July coffee went as high as $157, dropped below $140 in August, and in September hit a high above $160 and currently sits over $153
 
JO is the iPath Bloomberg Coffee Subindex Total Return ETN

We remain long-term bullish on coffee, via JO which we entered at $18.91. 


Sunday we announced an intention to enter QID, to effectively short-sell the NASDAQ, if QID traded above $25.20  That hasn't happened yet. 

We're lowering our QID buy-stop level to $24.70 


 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

DJIA Chart

 

A big bearish break looming:

 

 A close below 18100 would violate the red trend line.

 

 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, me, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

AVL (Avalon Advanced Materials) and NASDAQ Charts, Buying QID

 

The chart of AVL, Avalon Advanced Materials, is shown below:

This type of pattern, a large rally followed by a 50% retracement creating a sideways triangle shape, often resolves upward.

The green downtrend seems broken, and above $0.225 we'd say it's a reasonable speculative buy.

We hold an existing position in AVL at an average of $0.16 purchased in April of this year, not previously diarized herein. 


While the above chart looks bullish for one stock, the same can't be said for equities in general.

The NASDAQ has made new highs this month however other major indexes have not.  This is a technical "non-confirmation" and as we can see on the NASDAQ two-year chart below there are possible resistive trends immediately above its current level:

Looking more closely, we also see a short-term and longer-term "rising wedge" pattern that looks due to break.  If so, the implications are very bearish:

We may add to our general market short positions via a buy-stop on QID at $25.20

QID closed Friday at $24.43

If that buy is triggered, we'll close and reassess the position should it close below $22.60 in an attempt to limit risk to roughly 10% from our buy-stop level. 

As previously noted, we have other open general-market short positions which we'll close should the DJIA close above 18850.


It's worth considering that the National Association Of Investment Advisors recently polled as being 100% invested:

"NAAIM’s membership is comprised of Registered Investment Advisors and their Investment Advisor Representatives associated with small regional firms to large national firms with over $1Billion of assets under management, including hedge fund managers, mutual fund companies and a variety of other firms that provide professional services to RIAs."

We believe it's reasonable to say that institutional money is all-in on equities. 

Bulls make the argument that retail investors are due to chase the market far higher.  Given the liquidity and debt situations in the average household, along with vivid memories of the severe stock and housing market crashes within the past decade, we doubt a speculative mania fueled by retail investors is likely any time soon.




 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Junk Bonds Chart, JNK, SJB Update

 

Here's a chart of junk bonds, as per JNK:

JNK is "the SPDR Barclays High Yield Bond ETF tracks a market-weighted index of highly liquid, high-yield U.S. dollar-denominated corporate bonds."

In the chart above, we see that JNK is up against a long-term downtrend (in black) and it looks like it'll collapse once the current uptrend (in red) is broken.

SJB is "the ProShares Short High Yield ETF provides inverse exposure, reset daily, to a modified market-value-weighted index comprising US-dollar-denominated corporate high-yield bonds with maturities between 3 and 15 years."

Earlier this month we noted that SJB had broken a 7-month downtrend at that we had entered a long position in SJB (effectively shorting junk bonds).

In the chart below, we see what could be support for SJB (in black) and the former downtrend likely broken (in green):

Typically a chart like this one resolves upward, and for us it's not a question of "if" junk bonds will collapse and SJB skyrocket.  As for when that'll happen, it's anyone's guess but to us the current setup in equities, in bonds (see recent TBT chart and commentary within the previous link) and in junk bonds looks very good. 

We remain long TBT and SJB as previously diarized, in order to effectively short bonds and junk bonds, with no stop levels in mind as of yet.  We'd be more likely to add considerably rather than sell at a loss if these drop materially. 



 

 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Japanese Yen, YCS and UCO Update

 

Here's a look at the Japanese yen, running up against resistance of the past three years:

YCS is the ProShares UltraShort Yen ETF, which provides a 2x inverse multiple to the daily performance of the yen spot price against the US dollar as measured by Reuters. 

We'll buy YCS if it rises to $60.10 or above, and if we end up holding it we'll place a stop-loss at $58.90 in an attempt to limit risk to roughly 2% while the upside is considerably greater. 

YCS last traded at $59.50

We've entered UCO at $9.19, per our previous posting.  Pending future updates, we'll close out the position should Crude Oil WTI trade below $39




 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Buying Oil Again, via UCO

 

Oil is in the late stages of a pattern that could resolve either way. 

The probable mini-mania after tomorrow's Bank Of Japan and U.S. Federal Reserve announcements could be the catalyst for a move in the US dollar and commodities in one direction or the other for some days or weeks to come. 

Since the world seems ultra-bearish on oil at the moment, and we've done so well on oil and gold this year betting against mass sentiment, we're buying back our UCO position which we sold in June for gains of over 100% from our purchase price in January.

We'll buy UCO, the ProShares Ultra Bloomberg Crude Oil ETF, which provides 2x the daily return of an index that measures the performance of crude oil as reflected through futures contracts of WTI crude, if it trades above $9.10 

If we enter the position, we'll set out of it for a loss should Crude Oil WTI trade below $39. 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

Gold Study

 

On the gold chart below, we can easily see that it's typically a good time to buy when the holdings of commercial hedgers, small traders and large traders are all near zero. 

We can also plainly see that currently there's a massive divergence from zero in those metrics.

Disclosure:  We are currently levered short silver via ZSL at an average cost of $27 and levered short gold miners via DUST at an average of $29.60, not previously diarized herein.

 

  

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

TBT Update, 3-year Downtrend Broken, SJB 7-month downtrend broken, VXX & SDOW

 

Today's 400-point drop in the DJIA (-2.26%), while small-caps dropped over 3%, underscores why we seek to hold hedge positions when market conditions warrant it.  

 

We've been stridently bearish on stocks since the start of 2015, especially since May of that year when the DJIA briefly traded above 18300, with a few exceptions when we were short-term bullish during which times markets rallied tremendously.  Otherwise we've insisted on only holding stocks which pay high dividends and did well with that plan, and so too with gold and oil.

 

Below is a 2-year chart of the DJIA, with the red line showing that the DJIA has mostly traded far below the 2015 break-even level and is now back near that level.

 

 

 

We strongly believe it'll trade far below that red line level again, very soon and possibly for a long time to come.  Accordingly we hold SDOW and also VXX, per this posting last month.

 

As stated in that post, since the DJIA closed below 18450 on August 26 the next market day we doubled our VXX at $36.90 and added SDOW at $13.20 

 

We'll stop out of SDOW if it drops to $12.70 and have no stop as yet on VXX.

 

If you too hold these, or are considering them, please be aware of the risk in holding levered 3x instruments such as these, especially on the short side.

 

Never over commit to such holdings.  Never over commit to any holding; long, short, levered or not.

 

 

TBT has broken a nearly 3-year downtrend.  If you don't have it, or wish to buy more, now's the ideal time.  Here's a long-term chart:

 

 

Here's a close-up look at TBT, showing the long-term downtrend broken:

 

 

Per our posting yesterday, we did buy TBT over $32.30, paying $32.35 this morning.
 

Deutsche Bank says 35-year party is over for bond bulls.  This article relates to TBT because, as we've explained in the past, rates set by the Federal Reserve follow rates set by the much bigger bond market, not the other way around as is popularly believed.

 

Note that the "flight to safety of gold" is also largely a myth.  While it's only a single day, it's worth noting that today's market shock resulted in gold going down (-0.7%) not up, and silver dropped big (-2.9%).  Recall that during the market rout of 2008 gold plunged along with the stock market.
 

 

Today SJB crossed above a 7-month downtrend:

 

 

SJB is an instrument for shorting junk bonds.  Read about it here. 

We went long SJB today at $25.30 


 

 

 

 

 

 

 



We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or publicly traded companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only, and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.

To be notified when this blog is updated :
Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated materially, not if a posting only contains general commentary.

This publication has been prepared solely for informational purposes and is made available on an "as is" basis. RidingTheGravyTrain (RtGT) does not make any warranty or representation regarding the information. The material is proprietary and without prior written permission from RtGT it may not be reproduced, copied, modified, performed, published, distributed or broadcast, in whole or in part, in any form, other than for your own personal, non-commercial use.

Nothing in this publication is intended to constitute legal, tax, securities, or investment advice, or an opinion regarding the appropriateness of any investment, nor a solicitation of any type. Nothing in these pages constitutes an offer or a solicitation to buy or sell a security nor is it to be construed as investment advice.

RtGT is not an investment advisor. The general opinions and information contained in herein should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional concerning your own situation and any specific investment questions you may have. RtGT cannot guarantee the future performance of any investment.

TBT 3-Year Declining Wedge Update

 

Here's an updated look at the ongoing 3-year declining wedge pattern in TBT:

TBT closed today at $31.53. 

 

If trading above $32.30 TBT will be a screaming long-term buy with massive potential in our view.

 

At prices higher than $32.30 it'd be above both the long-term downtrend line shown in the chart above and above the near-term resistance line on the chart shown below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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