With the action of the last two days we are basing our big cycle actions on the following S&P pivot point, support level, and objectives. The pivot point is 1237, support is 1185, first objective is 1289, second objective is…Continue Reading →
 The last couple of days market action makes it easier to put some structure around the market that unfolds from here. We will discuss that in the morning. For the moment, we want to share this web post we recieved…Continue Reading →
Investors had a number of choices of where to put their money yesterday. Today, three of those five choices, T-bonds, gold, and crude oil have gotten rather expensive, so today investors have the choice of T-bills paying  1 percent interest or the…Continue Reading →
We have to say that that quick update this morning was prefaced on the gold breakout which we saw triggered. Now everyone is explaining that the breakout was a safe haven play, and that is no doubt true. On a…Continue Reading →
There has been a lot of talk the last few days of these historic times, the market of the century, etc. Volatility seems to be in the air, the Government is handing out money in 50 and 100 billion dollar…Continue Reading →
Hank and Ben are starting to look like Cub’s material with two straight hits after a long string of strikeouts.. Now we have to see if they can followup and get some runs. By not blinking at the screams of…Continue Reading →
Yesterdays late capitulation action which continued overnight has taken the S&P Index down close to that important 1172 price level.  In our opinion it would help a lot if we got a second dose of tough love today, no…Continue Reading →
I got a complaint this morning, from a known right-wing Republican, “how can you be talking about politics when Rome is burning? “ That is the point, why is Rome burning? As too what you should do, our tracking portfolio…Continue Reading →
Politics are center stage and spin is the primary focus again…..maybe some real “Straight Talk” would help: A Simple Agenda……The Cornerstones to the Failure of the Bush Republican Administration…. 1) The “Bush Doctrine” ie. the right of America to wage Preemptive…Continue Reading →
The market tonight is focused on Lehman and Merrill, will they be bought out, will they go bankrupt, will they merge, my opinion, if you are looking at this old problem to decide how to invest, you are looking in…Continue Reading →