Macro Pattern
Last week we made a couple of posts concerning the macro pattern that is evolving. We don’t anticipate making a lot of comments between now and early September when the breakaway should occur.
Archive for July 2009
Leveraging Up Our Record….second comment for the day
What we do in our investing is a function of risk/reward and is directly tied to past performance. We leverage past performance at critical times. At the moment today we have added some short leverage to the Aggressive Portfolio in…Continue Reading →
Risk is Down
Yesterday I was travelling by car. That can be dangerous because it is easy to listen to Sirius and CNBC too much. But it was interesting hearing the commentators and guests explain that the risk for investors is that they…Continue Reading →
Iphones, the last Hurrah
While Rome burns, everyone will be able to call each other and look for restaurants that are still open. The current knee-jerk rally in the stock market is a clear indication that most people don’t get it. Washington is wasting…Continue Reading →
A Bigger Perspective Unfolding
While the summer vacation spirit wants to prevail, the magnitude of the stock market rally over the past week changes a lot of things over the long period. No longer are we looking for a summer trading range or a decline…Continue Reading →
Breakout or Blowoff
Today is a key day for the summer trading range. Last Monday the market that provided the clue, which I didn’t take, was the T-Bond market as it topped out. Today, just one week later the opposite is occurring, T-Bonds…Continue Reading →
Yesterdays Comments and Update Still Apply
Nothing to add. The EMA ETF Fund NAV was 1148 at yesterdays close. 7:09 AM CDT
S&P 910 Watch Area……………Update at 1:56 PM
This week’s rally was very impressive to say the least. From a short-term perspective the market is now quite overbought and a back-off to the S&P 910 area will be the place to watch and make decisions. In a sense…Continue Reading →
Scamming The System
Just a short comment from the road. The fact that Goldman Sachs had Hank Paulson to run through the line doesn’t create a recovery. Yesterday’s Wall Street recommendations to buy financial companies doesn’t make a recovery either, in fact all…Continue Reading →
A wide Trading Range for the Summer
Basis the S&P 500 Index, a wide 810 to 910 range is developing with 860 as the swing-point. Overnight the futures probed down towards the swing-point and before the opening a bounce is occurring. Investors will be looking to earnings…Continue Reading →