While I cut my teeth in trading in commodities in the early 70’s I do not make commodity comments often. The grain supply situation that has evolved in the past couple of months brings grain back into the Macro picture…Continue Reading →
Regardless of how the pundits put it, they all want a repeat of the 1997-2007 Bubble Play. They think they now know how to get out a day before the Bubble bursts the next time. Granted that the current mini-rally…Continue Reading →
The rally that we discussed a week ago today is in progress. It may or may not reach the 1150 S&P level, it may be ending today, but regardless of the short-term action the Macro picture is evolving as the…Continue Reading →
As the S&P 500 makes its push to the 1150 area a pivotal rollover will occur for a number of reasons, some economic, some political. John Mauldin has another good Out-Side The Box letter sent out yesterday called: “Market…Continue Reading →
We missed this little trading rally, by not being aggressive enough in our last comments. That means, stay with the Macro short position. The election direction seems to have turned with Obama’s speech last week. Now we can wait for…Continue Reading →
The summer (June-September period) that has just ended has seen a sideways trading market with extremes of 1010 and 1130 on the S&P 500. The central area for that period has been around the 1080 area. We plan to get…Continue Reading →
The hope of a real recovery in the economy that we spoke of in our previous post has been lost in the market activity since. A real economy and market up swing would take a solid base. That solid base…Continue Reading →