In the latest update, we have several buy signals. Gold and oil is still a hold. EWM – the country ETF for Malaysia has signaled a buy. I was disappointed that Ford (F) did not signal a buy, because personally I think it is the strongest automotive stock for the long-term. Interestingly, the Inverse 30-year Bond (triple leverage) Bear fund has signaled a buy. What does that mean? Rates may be bottoming. Maybe we have these buy signals ahead of another major bull run. The Republicans may win big this Tuesday, which will be a big positive for small business. The Democrats have shown a willingness to punish business big or small. And, they want to punish the wealthy, who provide us jobs, give to charities, etc.
Marketcycle360 Results for Oct 29, 2010