We have the quarter end to a quarter that has seen some record quarterly moves. The chart formations are classic tops in stocks, gold, oil, T-Bonds and a bottom in the dollar and it is all coming on the last…Continue Reading →
We will be replacing our short positions when the S&P 500 cash index hits 926 this week. The EMA ETF Fund Nav was 1175 at Fridays close. 8:35 SM CDT THIS MORNING in the $ 1,175,000 EMA ETF FUND we…Continue Reading →
As this day progresses it does not appear that a optimum sell level will be reached, (S&P 500 Index at 926, just under last Friday’s high would be optimum) so we are waiting. If you want to wait and not…Continue Reading →
As we push towards the July 7th pivot point the risk increases that we will miss the sell point if we get too cute in replacing our short positions. That makes the next 5 to 7 trading days pivotal. We…Continue Reading →
Yesterday we added to our long dollar position. Now we are just waiting for the right time to replace short stock positions. It would appear that quarter ending activity and pension fund buying after July 1 will hold the stock…Continue Reading →
As the market goes through its end of quarter gyrations we are looking for points to reestablish our short positions for what we anticipate will be a significant market decline. The area around S&P 907 to 912 would be our…Continue Reading →
unless he moves forward with vision and leaves the people stuck in the 80’s and 90’s in the dust. The article in the link here, found in the new July Harpers magazine, sums up in a powerful way where we are now,…Continue Reading →
Friday the S&P 500 ran up to 927, right at the top of our 906 – 926 trading range. This morning the market is close to the bottom of that range. The FOMC meeting this week will probably be a…Continue Reading →
The EMA ETF Fund Nav was 1163. 11:22 PM CDT
We lightened up our short positions yesterday in order to let the market digest this initial thrust down. The 908 to 926 area in the S&P may be all we see for a while. We will go back to an even…Continue Reading →