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Market Summary Mar 9 2013


This week I have a couple of momentum plays, these are get in get out trades.

First off a play on the dramatic up turn in lumber prices if you like to play the Canadian exchanges WFT West Fraser Timber



In the American financials why not ride the share buyback news in Citigroup.



If you prefer the stability of an ETF and want some global exposure, check out Turkey -- still performing and rocking the Blue Mosque! Symbol TUR



Finally you want a long term hold? OK if you are really not trusting this rally pick a rocking Value ETF like RPV the pure value ETF.




If you know me -- you know I think gold is a bubble!! (http://cme4pif.blogspot.ca/2012/06/after-gold-rush.html) In Gold I am expecting a very short upturn and then right back down again. The big move out of gold has begun. Articles about the dumping of physical gold by the GLD ETF abound this week. So far 140 tons of Gold has been dumped in this year by Major ETFs. Last week I made 13% on double short gold in just one week!







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Yet another parabolic up week for the markets. Honestly folks valuations are really stretched here. The air is so thin at this altitude. Then again the markets can and do (on a short term basis) anything they want. Still I would expect a little pull-back in the next two weeks.


Lets see what is in the charts this week:

CLICK HERE: To see the 100 and 200 series charts



101 Bull Bear Bull market (dark green over red) and now the short term (light green) is up sharply. Also note the dark green 50 day average is in a firm uptrend. NOTICE THE SLOPE (second window), this could be part of a new long term uptrend.Bull market -- expect bullish outcomes…