After the Fed meeting last week the markets took a shot at trying to blow out the top because of Bernanke’s statement that he would respond and re-inflate the economy if things got tough. The markets rallied smartly but now…Continue Reading →
If one is so inclined into calling major tops and bottoms in the markets it will become quickly apparent that with some practice, calling bottoms is much easier than calling tops. In recent times the March 2009 and October 2010…Continue Reading →
Apple is a great marketing success. However, I believe it faces some big headwinds even in China as we are now entering a period where the consumer is backing away from discretionary purchases. While Apple is not part of the consumer discretionary stock sector that…Continue Reading →
As we go into another FED meeting day we see that QE3 hope continues to influence the markets. The fact is Germany and Merkle lead the biggest influence on the markets, not Ben. Ben is out of bullets, how far…Continue Reading →
The stock backoff anticipation phase continues to get closer to the technical sell signal phase. As to gold, grudging support will be uncovered all the way down to 1550, then the flood gates will open for the whoosh down to…Continue Reading →
The CNBC market pundit crew, which has a big impact on short term trading, remains bullish on the stock market as they focus on the micro corporate profit picture. The area to watch for in terms of market action is…Continue Reading →
Last October we were buyers of the stock market at 1070 on the S&P, in January we sold out stocks at 1290 on the S&P, a 220 point gain. The S&P went another 130 points higher to 1420. We are…Continue Reading →
Yesterday’s light volume rally, I saw a tweet calling it the ghost rally, is typical of a market that has over extended itself in a macro sense. We have increased our short position to 2.5 times leverage on our aggressive…Continue Reading →
As the markets flop around here and make the transition to somewhat lower election year levels here is a great article from Sheila Bair in the Washington Post on how to get rid of income inequality: http://www.washingtonpost.com/opinions/fix-income-inequality-with-10-million-loans-for-everyone/2012/04/13/gIQATUQAFT_story.html
Days like yesterday don’t come around that often, a day when events provide one a bounce or retracement that goes right to the sweet spot where if you don’t act you will hate yourself for a long time. This doesn’t…Continue Reading →