Yesterdays late comments on those two markets were premature. In looking at the technicals last night it is apparent there is no support for taking those positions yet. At some point this year I do look forward to a long dollar…Continue Reading →
The nuclear crisis has everyone’s attention and the market until today has tried to ignore the situation. Our computer models on the S&P 500 remain 80 percent long coming into today’s action. This is probably to be expected because the models,…Continue Reading →
As more and more people come to realize that the stock market value, commodity prices, and GDP are primarily a function these days of Fed easy money to the big guys, a better indiator of the true health of the…Continue Reading →
Yesterdays market action in stocks has set in place the first sell off since late last November. Until yesterday 90 percent of the computer direction signals have stayed bullish since the September 1 to 9th base based on the Fed’s…Continue Reading →
Yesterdays comments and trigger levels still apply. The Dow Jones Industrials, the easiest index for Wall Street to play with as it is only 30 stocks, is what will lead the moves today.
The stock market failed yesterday to move into bull mode again. If past patterns hold, today would be a big upside breakout. At this moment (6:45 AM CST) it does not appear that is the case. The Dow Jones Industrials…Continue Reading →
We continue to look for 2011 to be primarily a sideways trading year. Although the commodity highs for the year got a little extended, the main point is, if you bought something to date in 2011, chances are the end…Continue Reading →
While all the markets, commodity and stock, have had their upward runs out of the September 2010 Fed Scare levels when Ben panicked, deflation remains as the macro factor. Employment is going to make modest gains this year and manufacturers…Continue Reading →
We are witnessing a possible setup to a situation where many technical sell signals have the potential of all occurring within one day. In my opinion in looking at technical indicators that all hit on the same day in May…Continue Reading →