One More Look Inside the Trap
The 1419 S&P trap level entrance is in play again today. We will use this level to add a little to our S&P short positions, looking for sales just inside the door, around 1424.
The 1419 S&P trap level entrance is in play again today. We will use this level to add a little to our S&P short positions, looking for sales just inside the door, around 1424.
Try as the market pundits try, and try as the trading speculators try, long gold does not fit into the scenario that is now being debated. All the choices are negative on gold. I suppose that you could try to buy…Continue Reading →
The Thanksgiving rally was good for everyone and seemed to push into the background the fact that the deficit will take some kind of hit in the next month. No doubt it will be a combination of revenue increases and…Continue Reading →
The stock markets today completed the rally to the top of the 1360 to 1390 trading range on the S&P. We are cutting our short T-Bond position back to the original levels of when the S&P was at the 1350…Continue Reading →
Stocks seem to be in early stages of a bounce into the 1360 – 1390 trading range on the S&P. The primary driver is the movement in Washington for a less than adequate long-term approach to the fiscal cliff, but…Continue Reading →
Our defensive posture has been working well since mid September and the first support level in stocks is coming in range. We want to maintain our short stock position for much more aggressive long-term objectives. As such, a short-term trade…Continue Reading →
The Eureka Macro Asset Index which we keep, had a Level 2 technical indicator turn down yesterday, its first since late June 2012. The Level 1 Technical indicator turned up in September 2009 and is still pointed higher. We use…Continue Reading →
It is difficult to focus this morning after getting home from last night’s Victory Celebration in Chicago. The markets beckon with streams of Red as apparently the Koch brothers, the CNBC crowd and their followers dump stocks this morning as…Continue Reading →
Just so you know. As long as the world plays along and finances deficits, deficits do increase economic activity and raise the U.S. stock market. This problem has not been addressed in the last 32 years since Reagan enacted supply…Continue Reading →