Last quote by David Seaburg
David Seaburg quotes
I look at gold and say, from a trade, near term, maybe you get a little bounce. Stay away from it. Rates are going higher. We are clearly in a risk-on environment right now. We're seeing that rotation occur.
I don't believe the transports right now or the rails in particular are telling us something any different than they did a year and a half or two years ago.
But they bolted on some strategic initiatives that have allowed this company to sort of have a second life.
But again, at that $125 level, I'd be a seller of the stock.
Below 100 bucks, you buy this stock, and I think you can trade it up, and you can trade it in a range of $100 to $125. I really believe it's a buy.
We are seeing something occur very different on the desk here. We're seeing people versus selling every rally, or shorting every rally, coming in now and buying every dip. We're seeing a big sentiment shift in general; people getting very comfortable, and that's mainly right after a lot of big-cap names have reported good quarters, decent guides.
From a trading perspective, I do think they are overpriced, Trading Nation. [It's] overvalued when you've got 86, 87 percent of the names within, the XLP trading above the 200-day [moving average].