This morning the report is that housing starts were down 10 percent, that is great news that will let the overbuilt inventory be cleaned up sooner. The fact that the GLD and GDX ETF’s didn’t put in a strong performance…Continue Reading →
We should get the sell-off to at least the S&P 837 level today. What is different from some of the other sell-offs the market has had over the past few months is that in our opinion from comments, speculative sideline…Continue Reading →
And one reason to be long, the major players discounted Obama. So the chatter will continue and we should soon see a test of the breakout at 832 to 837 on the cash S&P. You can trade this selloff or you…Continue Reading →
Friday the S&P broke through and settled above the important 840 level. This morning CNBC is continuing the theme that the time for this rally is not yet, things are still bad….and there you have the basis for this rally…. the…Continue Reading →
The story remains, too much pessimism in the markets for this stage. There is a long weekend coming up. We don’t have anything new to add today, added to the long positions on yesterdays selloff. The EMA ETF Fund Nav…Continue Reading →
Selling pressure continues at this market consolidation area. The full moon tomorrow may mark the apex of it. Apprehension over earning announcements predominates. Our gut feel is that the laid off employees and inventory cuts rather than the corporations are…Continue Reading →
As we wait out the stock market reaction selloff (to either the first support level of 815 or the second at 765) plus the start of earnings reports we have a few thoughts this morning. For me the economy and the…Continue Reading →
Reading and listening to the pundits over the weekend and this morning the big question being raised is either: 1) is this a bear market rally or 2) where will it end. It is continually pointed out that the 200…Continue Reading →
The market technicals are the most important thing in the short run. It will be good to see the S&P’s consolidate above 840. Short-term resistance comes in at 890 if the base gets built. We like to point out…Continue Reading →
As far as I am concerned February 17, 2009 was the start of the negative surge. To best illustrate this I am re-publishing our posted coments from that day, see below. The markets move to try and build the 840…Continue Reading →