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 →
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 →
Oil prices are not and rarely are about supply/demand. Why do we say that, the latest example of a controlled market is that OPEC production cuts are not pushing oil prices higher because the producers don’t want them higher right…Continue Reading →
Too big to fail, those words are ringing over the news wires, maybe forced socialsim might be a better description. In any case this is the last of the rescues to eight years of windows and mirrors. From a time/price…Continue Reading →
With the Republican Convention coming to a close tonight we are stepping into one of the most exciting times in terms of politics affecting investing. Both parties are placing young fighters on their tickets and this is going to have…Continue Reading →
Politics may be the main influence for this rally rather than yesterdays GNP numbers. A lot of excitement is in the air, Obama provided a comprehensive progressive plan in his acceptance speech and McCain is going to announce his running…Continue Reading →
I am not talking about Bush, although he in a way qualifies as Presient Cheney really screwed things up. What I am talking about is the next President, whether it be McCain or Obama, who is stepping into a economic disaster…Continue Reading →
As we had stated two weeks ago, we wanted to be diversified in our portfolio in what we anticipated as a three week scenario in making a stock market bottom. First I will say that the diversification has worked moderately…Continue Reading →
What a somber person yesterday, and rightly so, it is a long way between essay writing and heading the FED. No doubt if he could do it over he would not have taken fed fund rates below 4.0 percent, interest…Continue Reading →