Yesterday I was travelling by car. That can be dangerous because it is easy to listen to Sirius and CNBC too much. But it was interesting hearing the commentators and guests explain that the risk for investors is that they…Continue Reading →
While the summer vacation spirit wants to prevail, the magnitude of the stock market rally over the past week changes a lot of things over the long period. No longer are we looking for a summer trading range or a decline…Continue Reading →
This week’s rally was very impressive to say the least. From a short-term perspective the market is now quite overbought and a back-off to the S&P 910 area will be the place to watch and make decisions. In a sense…Continue Reading →
Basis the S&P 500 Index, a wide 810 to 910 range is developing with 860 as the swing-point. Overnight the futures probed down towards the swing-point and before the opening a bounce is occurring. Investors will be looking to earnings…Continue Reading →
To us it is quite simple. The US is still the big dog. Things are not going well here but if they don’t go well here they will be worse in the rest of the world, especially China and Europe. …Continue Reading →
We have the quarter end to a quarter that has seen some record quarterly moves. The chart formations are classic tops in stocks, gold, oil, T-Bonds and a bottom in the dollar and it is all coming on the last…Continue Reading →
As we push towards the July 7th pivot point the risk increases that we will miss the sell point if we get too cute in replacing our short positions. That makes the next 5 to 7 trading days pivotal. We…Continue Reading →
As the market goes through its end of quarter gyrations we are looking for points to reestablish our short positions for what we anticipate will be a significant market decline. The area around S&P 907 to 912 would be our…Continue Reading →
unless he moves forward with vision and leaves the people stuck in the 80’s and 90’s in the dust. The article in the link here, found in the new July Harpers magazine, sums up in a powerful way where we are now,…Continue Reading →
Friday the S&P 500 ran up to 927, right at the top of our 906 – 926 trading range. This morning the market is close to the bottom of that range. The FOMC meeting this week will probably be a…Continue Reading →