After The Kelly Letter’s oil investment rose another 8% yesterday as Israel pressed its offensive in Gaza, and Russia further tightened gas supplies to Ukraine, I set a trailing stop this morning. The position is up 69% since its Christmas Eve close, yet economic data continue pouring in negative, reinforcing my view explained to subscribers […]
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New Year Themes
The Kelly Letter’s call for a year-end rally played out according to plan, but is it all just up from here? Are we really out of the woods just because the news people are so happy and keep saying so? Same with our oil investment. Sure, oil is up on concerns about the Israel/Hamas conflict […]
Merry Christmas!
It’s the happiest season of the year, so why the long face? Any investor knows, of course. We’ve all been through some of the roughest waters the market ever stirs up. But it’s Christmas, and happy, and I have a little story for you. I was playing Monopoly with my family and the game began […]
Oil Update
Just sent an oil update to subscribers, with this tidbit from today’s Bloomberg: Crude oil will rebound to $93 a barrel as technical indicators show that the current price decline has exhausted itself, according to fund manager Daniel Bruno Sanz. This is one of the ideas I mentioned in yesterday’s article directly below. To follow […]
Current Ideas
Here are three ideas I’m focusing on as the year winds down: Oil Rebound: Scaling into a long bet on the price of oil looks smart. Futures and futures-based investments are barely budging as oil makes new lows (for this cycle) under $35, with $40 still acting as a strong tug upward. Most analysts peg […]





