Trucharts.com Market Update 10/30/2014

Trucharts.com Market Update 10/30/2014

Well we are definitely getting a wild roller coaster ride today.  Stocks we picked yesterday are booming today from our watch list - stocks like V, MA, BIDU.  BIDU is a breakout and relative to Google valuation - it is still cheap.  V and MA look very tradeable here.  We shorted AEM - gold is definitely heading lower and the gold miners will get crushed even more.  We had covered our short on AU too early.  

Also check out this news article on China bad loan problem:

Also check this link/news about China bad loan problem: http://www.zerohedge.com/news/2014-10-30/bad-debt-chinas-and-worlds-largest-bank-surges-most-ever

Long V, MA, BIDU - short gold and gold miners.

Trucharts Team