Sometimes we win, other times we lose and still other times we sit there and think 'Oh #%$@&!!!!, why did I nickel and dime this thing yesterday in trying to…
If we are correct in viewing the beaten down US manufacturing sector as a better place to be long (ref. recent ISM data) than the over valued likes of the general market, then we would want to focus on ‘best of breed’ in the sector. I have often noted Faro as being a great and innovative company. I have had a lot of negative things to say about 3D Printing as an investment destination (though the technology itself is fabulous). But Stratasys is in my opinion best of breed in this beaten down space.
In the weekend report we used weekly charts to show that gold has taken a good chunk of its apparent price risk out as key support was not too far away beginning in the 1180’s. Silver had lost the breakout above the would-be supportive EMA 55 and HUI was well above key support, now 140 (lateral support at October highs) to 148 (gently rising EMA 55). We have also been noting 211 as the point that greatly improves the prospects of a bull market, technically (I think the probabilities are that one is in progress, but the technicals are what they are).