The intermediate technical buy signals are turning bullish today on the S&P and Dow. The Nasdaq 100 and Russell are lagging about a day lately, so we will need to wait till next week for those buy signals. 12:03 PM…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 →
This market bounce has taken a long time to form. So long in fact that the long-term technicals turned up before the intermediate technicals. Today the intermediate technicals seem poised to follow and turn up, we will let you know…Continue Reading →
Our analytic approach starts with a Macro swing pattern indicator and then moves through stages of fundamental, political, and technical sigals. For the stock market some long-term confirmation signals were activated yesterday at 1273 on the S&P. For us this indicates…Continue Reading →
Market pundits are asking the big question, why are Hank Paulson and the Treasury Dept essentially doing nothing about Fannie Mae and Freddie Mac. Our take is that they hope they can hide until the next administration starts, in the meantime Goldman…Continue Reading →
It is going higher until the news improves. So the bad news continues, earnings, sales, etc and the market opens lower most days and yet the general move is higher for now. We continue to wait for the bounce top. …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 →
This week has seen some knee jerk reactions to the recent selloffs in commodities, gold, and oil and the bounce rally in the stock market. The most important happening in August has been the bursting of the last bubbles in the…Continue Reading →
This weekend’s full moon seems to have made the market and us a little jumpy, both in commodities and stocks. We have just bought back our stock position in the S&P’s at essentially the same price we sold them earlier…Continue Reading →
Hold on to modest long stock positions as we await the culmination of this stock market bounce formation. 8:21 AM CDT The S&P bounce that ran from 1276 to 1306 has run out of gas, look for it to regroup…Continue Reading →