Time to Visit the Medicine Man
I will be out west for the next week visiting a friend, a Medicine man. Perhaps a little fresh insight will be good. I see the markets going into a climactic period over the next 45 days from which a…Continue Reading →
Archive for August 2010
Waiting for Value
Last week the S&P 500 sold off to a minor support level at 1039. At the moment the market is kind of waiting for the other shoe to drop, one that will push the market down into the value area. In…Continue Reading →
A Big Value Area Comes Into Focus
As you are well aware we are not in the double dip camp, just looking for a sell-off into a big value area. Depending on what measurement calculation one uses that value area on the S&P is between 860 and…Continue Reading →
Short-Term Stock Trends Turning Down this Afternoon
Our indicators on the SPY ETF turned down today, this is for a short-term program that trades every 35 days on average. The Gold / Dollar relationship still shows no resolution to the bigger macro picture that continues to unfold. …Continue Reading →
Keeping Deflation in the Formula
Ag commodities, especially wheat due to world supply issues have been strong over the past couple of months. Going forward with known supply information the pricing formulas will now need to include the deflation element. The table here shows our…Continue Reading →
Watch CNBC’s Cramer……….with update
Today Cramer is pressing the buttons on getting back to even and he does have a big following. Today he wants his followers to buy stocks and gold between 9:30 and 11:30 AM CDT. We will calculate the average price…Continue Reading →
The Dollar, Big Story Today……and what about Gold?
Building on our late yesterday comments on the Fed action the Dollar strength today is important for the long term. The US is still the big dog on the block, China moved to soon to come out of the 2007-2009…Continue Reading →
Deflation will now Accelerate
Housing is the problem as we outlined earlier today. The Fed’s statement today in saying it will not add to its Mortgage balances but will in fact keep its Balance Sheet flat and roll old mortgage money into Fed securities means…Continue Reading →
Helicopter Ben
The press and CNBC mouthpieces seem almost unanimous that Ben Bernanke will dump cash on the economy at today’s meeting. I would be very surprised if that occurs. He seems, by all indications that I see and read, attempting to…Continue Reading →
Pivotal Week
Technically today is a key day in what will be a pivotal week that will set up market direction through mid-October. Be ready for anything. 1105 and 1140 are important S&P numbers during this period.