Same crowd, less money, that is what can be said about the crowd that has taken on buying the S&P in the 900 + area. This is the crowd that got blown out of the water in stocks in 2008….Continue Reading →
As the market takes a breather here, you might want to keep your eye on China. The FXI ETF is the one we watch. With the high level of stimulus that China has put in place we have seen a lot…Continue Reading →
There are advisers looking for areas to invest at this juncture. In our opinion your time would be better served by waiting and watching. For most if not all sectors, things are not bad enough to be bearish or good…Continue Reading →
Gold, oil, even ag commodities seem to be putting in a top after a speculative run up over the past few months. Our comments of last week hold. I am back from vacation and may have more to say as…Continue Reading →
The gold / dollar move is setting up aggressively. This will be the area to watch over the next twelve months. The dollar is making a base and gold and commodities are making a top. At the same time stocks…Continue Reading →
For the first time since the March 6th low, the bulls on the stock market are on defense. All the way up to the recent 935 high on the S&P, the bears have been on defense, defending a position that…Continue Reading →
The Supreme Court nomination and Health Care Reform are center stage at the moment. This leaves all the important market stuff in limbo for the moment and may continue in this vein until mid June when sprucing up the quarterly…Continue Reading →
Wednesdays technical sell signal is probably the most important factor at the moment. While it is not a major signal, it still points to lower markets short-term. If the market closes higher today, basis the S&P, and yet remains under…Continue Reading →
The market has backed off some from the recent highs but the biggest change has been the rotation out of quality stocks that the recovery will be based on (techs,greens, etc) and into crap like gold and commodities. This leaves…Continue Reading →
Today is the third day away from the high close day of the S&P since the market bottomed in March. The rule says that if the market range today is below the 909 low of three days ago and the…Continue Reading →