In hindsight yesterdays 1324 low was the place to get the edge. We passed because of conflicting fundamental and technical input. The market has a bid for some reason here, however, in our opinion for a lot of reasons it…Continue Reading →
Breaking news on Newsmax.com, “A strike on Iran is Nearing”. If this is for real, the stock market is in real trouble with volatility and complacency at very low levels. On the otherhand it could be the cover story to…Continue Reading →
Overnight we are seeing a little bounce from yesterdays 1325 low in the S&P, market currently at 1337. This is problematic in terms of being a buyer at 1320, volatility is too low for this to be a bottom. We…Continue Reading →
The markets are giving off some conflicting signals at this juncture. This probably is good in that in the midst of confusion one can get an edge if a decisive position is taken. Risk is a big factor because if…Continue Reading →
Early action in the market today indicates that the blowback on earnings that started with GE may get more pronounced than we saw on Friday. Lower support levels on the S&P around 1300 look to be tested before the bounce…Continue Reading →
Active traders and longterm investors can look at current levels of 1329 on the S&P 500 as an area where a 33 to 50 percent long position in the market is worth trying. The 1330 to 1390 trading range is…Continue Reading →
Through last Friday, here are the returns for the Eureka Value Fund, “EVF”  our main fund that tracks our market trades at Marketocracy.com. Over the past five years the fund has had positions as varied as long gold, long gold…Continue Reading →
The first sign that the energy blowoff is being confirmed will be when we see a close below 592 on December Corn Futures and 105 on December Crude Oil Futures. In the meantime active traders can trade the ranges on the…Continue Reading →
While we concentrate on trading and investing in the stock market, at the moment the energy market has taken center stage. It is interesting that the crude oil and corn charts look much alike with both in blowoff stages. As…Continue Reading →
Here is a little behind the scenes logic today with the factors we see as important. First, technical market action is crucial at market turning points. At the moment the level of 1393 on the S&P 500 is a…Continue Reading →