BROADCASTS.com

\nTim Reazor
\nChief Investment\xa0Strategist
\nNorAm Asset Management
\nSince everyone in financial media will be talking this week about the obvious \u2013 I\u2019ll be writing all this week about the not obvious. \xa0What good is a newsletter that just parrots what you know? \xa0Quick recap…
\nYou know\u2026 the Nasdaq is in trouble. \xa0It\u2019s below the 50-day simple moving average and most stocks that are perceived to over-priced / over-hyped will most likely capitulate to lower prices. \xa0You know that any moves higher are like that second helping of desert you seem to have most nights\u2026 you know you shouldn\u2019t, but you can\u2019t help yourself\u2026. Well this week \u2013 help yourself \u2013 don\u2019t go long the Nasdaq \u2013 every time it tries to suck you in tell yourself it\u2019s a trap.
\nWhat is not obvious? \xa0 For two week\u2019s I\u2019ve been talking about the rotation into energy stocks and crude oil ETF\u2019s. \xa0This hasn\u2019t been obvious unless you look at the relation of sectors and sub-groups. \xa0 Where\u2019s the institutional money headed? \xa0Oil and gas stocks \u2013 the oil and gas exploratory group in particular. \xa0Three weeks ago this group was ranked 164 out of 197. \xa0This week it\u2019s ranked 45th.
\nThere are several stocks in this group that I\u2019ll be watching this week for our clients here at Noram Asset Management. \xa0If I see our signal we\u2019ll start taking pilot positions.
\nWhat also may not be obvious is the gold trade. \xa0If you read me regularly or have listened to me on the radio you know I\u2019ve been bearish on gold down to $1,288. \xa0That changed Friday. \xa0Gold looks like $1,288 will hold. \xa0I\u2019m not entering the trade just yet. \xa0I\u2019m waiting \u2013 there may be some more volatility to shake out the weak hands.
\nI talked about specific stocks and gold levels on this week\u2019s Wall Street Shuffle Radio Show if you\u2019d like to listen – http://www.thewallstreetshuffle.com/category/podcasts/
\nI also created a short video that talks about the energy trade – \xa0http://noramassetmanagement.com/wp-content/uploads/2014/04/Wall-Street-Shuffle-Video-Update-4-5-14.mp4
\nIf you have any questions or want help navigating this market from the team here at NorAm please email me \u2013 Tim.Reazor@NorAmAsset.com
\nIf you\u2019d like timely updates to key market levels and trade ideas follow me on twitter. \xa0My handle is @TJReazor
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\nBest Regards,
\nTim
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\nThe information presented is for educational and entertainment purposes only.\xa0 Opinions and information expressed are based\xa0upon information considered reliable.\xa0 However, factors are constantly changing and should not be relied upon. You need to do and verify your own research. \xa0
\nMoreover, no reader or listener should assume that any information or discussion presented serves as personalized investment advice from NorAm Asset Management, Inc. or from any other investment professional, and is not an offer of solicitation for the sale or purchase of any specific securities, investments, or investment strategies.\xa0You need to have your own, individual investment advice suitable for your personal situation.
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\nInvestments involve risk and unless otherwise stated are not guaranteed.
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