joining us this morning with trading strategies, larry shover of sfg alternatives and tim biggam of tradingblockood to have you on the show this morning. > > thank you. > > good to be here angie. > > larry, we'll start with you this morning. what are some buy or sell signals you're watching? > > i'm looking at volatility in all asset classes. i'm looking at foreign currency volatility - very, very cheap. gold volatility - very, very cheap. i might be worried about the fiscal cliff, but the markets clearly are not worried at all. volatility continues to dip lower every day. > > tim, what does that tell you? the vix seems to be having no fear. > > absolutely. with what we've seen over the past week and some of the concerns out of both the u.s. and europe, the vix right around the 16 level is kind of complacency as well, which, from a contrarian standpoint, gives me a little bit of pause, but also the fact that we had this nice sell-off. remember, cliffs are meant for lemmings to go over, and i think it's time to start making a laundry list of stocks. i kind of like the combination of yield and a l

time now for some chart talk, and larry shover of sfg alternatives joins us now. good morning to you larry. the charts have been very strong for a number of stocks, but as we get into fall and into that fourth quarter, what are some stocks that are of great interest you? > > for me specifically, i really like anything to do with the home builders, because we are underestimating as a country, as a market, the tailwind our recovery in the housing markets can provide to these stocks, whether it be lowe's, home depot, caterpillar, even some of the mortgage providers. we've fallen down a five-year flight of steps in terms of housing prices, and it seems like the market is just starting to get better. it's going to be a long-term thing. i don't expect any one of these stocks to double overnight, but i think we're in for a long-term recovery, so i like anything to do with home- building, housing, or the mortgage market. > > are there stocks or sectors you would stay away from? > > you know, right now i would stay away from technicals, or technology, i should say, or i'd l

larry shover of sfg alternatives joins us now for a closer look at today's trading market. od to have you on the show larry. always good to see your smile. a lot of reports were surfacing yesterday that harry reid actually moved the market because he said that talks had stalled out over the fiscal cliff. do you buy into that? > > perhaps. right now, the market seems to be shrugging its shoulders at every headline that comes in, because we are hearing so much. but what harry reid said was really a game- changer, about perhaps trying to curb filibusters. that would be a game-changer, and would put a lid on the stock market. > he could have that much power? unbelievable. all right, let's move on to our next question and talk about greece. for now it looks like greece will not go bankrupt. is that helping the stock market? > > i think it is, but i think it was priced into the stock market. i think the stock market realizes that greece's debt is unsustainable, so anything they can do to prolong that pain until the inevitable happens where there's debt forgiveness is a good thing

good morning to larry shover of sfg alternatives. good to have you on the show larry. there seems to be a shift in the market. everybody is so fixated on this fiscal cliff. is the market going to be rather lackluster for a couple of days here because of that? > > i think it is. i think people are really concerned about something they should be concerned with. but the fact is, something will break. they will reach some sort of compromise. it might not be something that everybody likes, but i think the market will end up liking it, because there will be stability, there will be a compromise, at least by the end of the year. > > oil is big in this country. apparently we are going to overtake saudi arabia by 2017. so what do you anticipate from the oil trade going forward? > > right now i think the oil traders are bearish on oil. not overly surprised, but maybe not because we're going to become a big exporter, but really because where we are in the business cycle, we don't need to have oil at $85 a barrel. it's a lot better than being over $100 a barrel where it was a few

larry shover of sfg alternatives joins us now. those reports larry of cease-fire coming out of israel really rocked the oil market yesterday. what do you anticipate for today? > > i anticipate the trend to continue. keep in mind, before we had this cease-fire, a month ago, there was a big downward trend in the oil price. so i just expect that momentum to continue. refinery margins are really high, there is a lot of supply. i expect oil to continue to lower in price. > > what about greece? will we be able to get any closure there with the bailout money? > > i think the only way we are going to get closure is when people are willing to forgive and write down their debt, because that is the only way it's going to work. right now they are 180% debt-to-gdp. they need to get it down to 120%. it's just not going to happen. they don't have the money to be able to do this. they are going to have to forgive debt and take a haircut. > > month after month, traders are watching better-than- expected news come in from the housing sector. can we