We have gone as far as we need in being negative on the market at the moment. Today and tomorrow will determine if we are correct, tomorrow being the most important. Today is more a defend the market kind of day…Continue Reading →
In everything other than the Conservative Portfolio we have sold some of our Nasdaq postions on today’s rally. This will make us net around 10 percent short in those accounts. 1:57 PM cdt
We get a lot of questions about why we don’t think inflation is staring us in the face, but the answer is simple, all the government loans and stimulus are a drop in the bucket compared to the value lost…Continue Reading →
In our evaluation the stock market has reached a valuation and chart objective. Fundamentally what we have been seeing is what may be termed a base building stage of the economy. The banks are getting solidified at a lower base…Continue Reading →
I wanted to wait for the markets to open today to see what the initial run would reach. So far this morning the S&P has run to 929.55, close enough to the 930 objective. Yesterday we finished neutralizing our portfolio,…Continue Reading →
The stock market rally off the 666 S&P lows is in our opinion primarily a reflection of the big players being out of position. The capital structure of this country is being rebalanced. On the otherhand as we said early…Continue Reading →
Our leverage ratio is down to 0.40 on our Aggressive Portfolio. We look to drop it to 0.00 if the S&P hits 930 this week. Yesterday’s euphoria was misplace in our opinion. A new bull market will not be based…Continue Reading →
With our positions drastically peared we are looking for reasons to buy back our positions or sit tight. As subscribers to the Chartstore.com read this weekend, there are precedent’s for market formations like we have seen over the past 38…Continue Reading →
This morning we are dropping our leverage ratio further to 0.80 on the EMA ETF Fund and the Aggressive Portfolio and to 0.40 on the Conservative Portfolio. It is not that we see a big break coming here, it is…Continue Reading →