Stick in the Mud
Yesterday we saw a punch out to the upside on many stocks and commodities. In spite of all this I remain stuck in my convictions that the markets will not come close to the annual projections of the majority on…Continue Reading →
Yesterday we saw a punch out to the upside on many stocks and commodities. In spite of all this I remain stuck in my convictions that the markets will not come close to the annual projections of the majority on…Continue Reading →
Yesterday was basically a wash in terms of breaking out of the consolidation patterns. They will try again today.
This morning the markets are set to try and punch out through the highs of January 4th. Whether or not they succeed in holding above those highs will determine where the markets are going over the next couple of months. …Continue Reading →
As 2011 unfolds the forecasts coming out of Wall Street seem to be very consistent. Stocks will have a good year, the S&P 500 is forecast to have around a 1250 to 1450 range. Bonds are forecast lower. The dollar…Continue Reading →
I am still putting together our ideas and projections for 2011 which should come out mid-month. In the meantime lets take a look at the markets from a micro viewpoint. As we mentioned on Tuesday, the markets are working against…Continue Reading →
For the short to intermdiate term (60 to 250 days) investor, neutral positions would now seem to be appropriate. The market blowoff yesterday sets up a big headwind and the computer sell signals are now starting to click off on…Continue Reading →
With a new year, predictions are always interesting. Since I like to wait for the first two weeks of the year to fall in place before making mine, maybe a little cheating, I would like to suggest the following blog…Continue Reading →